Many CBRH treasuries are already streamlining their payment processes through initiatives such as payment factories. A number of these are now turning their attention to an altogether tougher challenge in the form of collections - and more specifically global e-commerce collections.
Well-managed cashless transactions where data is captured in a consistent manner represent a major business opportunity for retailers. In addition, as instant payment systems proliferate there is further opportunity to reduce working capital requirements by cutting settlement timelines.
Johnson Controls Inc. recently completed a spin-off of its automotive division, Adient plc. We take a look at the innovative use of multicurrency notional cash pooling by the company, which is allowing Adient to meet the challenges of multicurrency operations.