When businesses embark towards new cross-border frontiers, they assume that they need a separate bank account to make payments. Likewise, when they absorb a business in another region, they don't bother closing the bank accounts for that entity. Do this enough, and it becomes a form of treasury trickery to conduct daily business. Pretty soon, your organization is micromanaging multiple bank accounts just to fund payables activities while also counterbalancing cash flow across entities.
This webinar looks at how organizations can leverage leading technology to optimize the number of bank accounts and bank relationships, as well as innovative approaches to streamline cross-border payables, mitigate FX risk exposures, and gain greater visibility and predictability into their cross-border payments to impact the bottom line.