Professional DevelopmentsThe Corporate Treasurer's Expanding RoleThese are challenging times for corporate treasurers. Though still responsible for daily cash management duties, the treasury department has now evolved from a processing unit to a strategic division accountable for improving the bottom line. [more] Treasury TrendsLooking Ahead to a New Year in TreasuryPatrick Rittendale, Head of Trade and Cash Solutions, Americas, Global Transaction Banking, responds to questions about the evolving treasury environment. Rittendale highlights emerging trends and suggests what treasury professionals may want to focus on in 2012. [more] Working Capital ManagementDemand Grows for Financial Supply Chain SolutionsThe continuing trend toward globalization and companies using offshore production has lengthened supply chains. As a result, they are potentially subject to higher levels of risk. This dynamic has driven the rapid take-up of financial supply chain (FSC) programs, as corporates look for ways to mitigate physical and financial risks. [more] Shared Service CentersPayment and Collection Factories:a Fast Track to Enhanced Efficiency Payment/collection factories, a subset of the shared service center model, offer corporates a significant opportunity to reduce costs and enhance efficiency. This article takes a closer look at this popular alternative to disparate and disjointed financial processes. [more] |
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