NH Hotel Group have centralised the group’s liquidity at local and global level, creating a market-leading solution in the hospitality sector. We find out more about their collaborative, award-winning transformation project, which was undertaken in partnership with their banking partner, BNP Paribas.
The industry has created confusion by using the term ‘virtual accounts’ to describe a wide range of products. This article aims to demystify the terms being used to describe Virtual Account Management (VAM) or Virtual Ledgers, as well as assessing the capabilities available today and in the future.
By participating in a pilot project across BNP Paribas' international network, FAAC has now created a global, fully automated and harmonised, end-to-end liquidity structure that will grow with the group as it continues to expand.
A variety of organisational factors make cash flow forecasting challenging in any large multinational organisation. Pearson's new artificial intelligence based solution aims to provide a detailed cash flow forecast in a single dashboard.