Copying and distributing are prohibited without permission of the publisher
Outstanding idea: Outsourcing trade
21 July 2010
The right financial partner can provide a complete trade receivables management solution. By Sanjay Tandon, Managing Director, Asia Head Trade Services Global Transaction Services, Citi
Read more:
Citi trade finance Asia
Outsourcing trade
receivables solutions
Trade Services Asia
Transaction Banking
For today’s corporations, the ground is shifting. Issues such as globalisation, business efficiency, increased specialisation and product innovation are percolating upwards in priority. And corporations are now focusing more intently than ever on profitability, working capital, cash flow, technology, risk management and investments.
To manage these priorities successfully, organisations are moving away from a longstanding business model. The traditional model has been subsumed by a new organisation in which employees focus on customers, information is leveraged to gain valuable business insights, and working and physical capital are optimised. Amid this upheaval, today’s CFOs and other senior financial professionals are expanding their focus beyond merely reducing costs, and taking a hard look at three primary areas:
– Operational efficiency – reducing the cost of operations, automating once-manual processes, managing global/regional businesses, and improving accuracy of transactions
– Financial efficiency/effectiveness – increasing transparency, mining actionable financial information, and complying with regulations...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
