Corporate treasurers across the globe have always chased an elusive idea of having absolute control and visibility over corporate funds. As corporate enterprises become more large and complex, treasurers face increased challenges when it comes to getting a consolidated view of their funds and deploying them in an efficient manner. Facing a general credit squeeze, tighter liquidity, and increasing cost of funds, treasurers today are under immense pressure to make the best use of available corporate funds and increase operational efficiency. Therefore, treasurers tend to employ various strategies towards concentrating the entire cash in one place and centralizing their corporate payables/receivables processing. This is easier said than done, given the imperfections associated with conventional cash management tools. Hence the treasurer’s search for a magic wand continues.
