Global Treasurers are continually striving to streamline account structures and centralize transaction processing. Increasingly, they are turning to virtual accounts as a key tool to provide this comprehensive view of their cash position and improve their decision-making process. However, in spite of certain advantages, virtual accounts have some difficulties when being integrated into the landscape of companies.
Packaging specialist Albéa has completely redesigned the local organization of its financing and treasury operations in the United States. This interview with the Group’s finance and treasury director, Olivier Bouillaud, provides insights on switching banks.
In-house banking provides a number of advantages to financial departments when it comes to managing their cash flow more effectively: it helps them combat fraud, control financial risks and optimize their working capital requirements. Jéromine Adler and Arielle Chave, consultants in Redbridge’s Treasury Advisory team, highlight some of the keys to success when it comes to such projects.
Mihai Andreoiu assesses the health of the commodity trade finance sector in a boom period and asserts that now is the best time to monetize trust and relationships with resilient banks and new financing partners.
