Zuellig Pharma receives a very high volume of customer remittances at month end, which was causing accounts receivable (AR) reconciliation delays. Zuellig responded by implementing HSBC’s dynamic virtual accounts (VA) solution together with robotic process automation (RPA), which has enhanced throughput, customer satisfaction and the company’s working capital position.
In order to monitor how today’s corporate treasury functions are preparing to transform to Treasury 4.0, HSBC commissioned a survey answered by over 200 corporate treasurers from large-scale businesses around the world. The research delved into the extent of change treasury teams expect, as well as the technology, treasury techniques, and team talent they believe will be transformative in the near future.
Robotic Process Automation is really as simple and powerful as it sounds, providing organisations with the tools to create their own configurable software robots to automate multiple business processes in a non-disruptive and non-invasive manner.
FIS has been helping clients to maximise the value they achieve from technology and taking their treasury operations to the next level of efficiency and sophistication. This hard work has been rewarded by the TMI 2019 Innovation & Excellence Award for Best Cash & Treasury Management Solution.