Li & Fung Limited partnered with HSBC to consolidate its bank accounts and redesign its existing liquidity structures to make better use of internal liquidity. The company's treasury now has real time control of its cash and has assumed a more strategic role within the organisation.
Having money sitting in bank accounts is often the expensive result of a company’s inability to forecast its cash flows. It is time for treasurers to think again about this ‘unproductive asset’ and look for ways to measure - and improve - treasury’s performance in relation to idle cash.
Unicredit has delivered an innovative flexible receivables financing programme to meet the changing cash flow requirements of National Oilwell Varco (NOV), a solution that was, until now, unprecedented in the oilfield sector.