Building a European treasury hub from scratch is no mean feat – especially when you are aiming to take efficiency gains to a whole new level. Read this case study to find out how Aspen streamlined its bank account management and sped up its payment process.
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.
With over $150m flowing into Ingram Micro subsidiaries across the world on a daily basis, having centralised visibility and control over that cash is a must. A global notional cash pool allows the company the flexibility to move cash swiftly between different legal entities - and without cumbersome intercompany loans.
While considerable work is still to be done for real-time global payments to become a reality, the importance of implementing real-time transactions is clear, and significant progress is already being made, with over 35 countries having now adopted – or transitioning to – some form of faster payment scheme.