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Treasurers are starting to explore how automating their transactional foreign exchange (FX) workflows could bring significant benefits in a post-pandemic environment. What digital tools can assist?
The ongoing Covid-19 pandemic has created a host of unprecedented challenges for almost every aspect of the treasury function. Nevertheless, working in conjunction with their bank(s), treasurers can armour their teams against many of the challenges.
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.
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