Latin American unity might be a true political concept - given the sharing of historical fights for independence as well as military regimes followed by liberation movements - but certainly not economically. Intra-regional trade flows are still quite low at around 24%, against 55% in Asia and 74% in Europe. Meanwhile, the fortunes of the region’s two main economies are increasingly divergent.
gtnews’ series of articles on the practical application of technology in corporate treasury continues with this analysis of treasury management system (TMS) support for back office processes. Written from the perspective of a treasury still supported by manual and spreadsheet processes and evaluating a new technology investment, it reviews the various administrative and workflow management issues in corporate treasury that can be improved through technology.
Taking a page from the successful playbook of the private sector in the United States, the federal government has jumped on the cash management bandwagon and is encouraging large US companies to pay their smaller suppliers earlier. Dubbed SupplierPay, the initiative is a welcome new voice calling for improved access to cash for small and mid-sized enterprises (SMEs). By many accounts, SMEs are driving the majority of the country’s economic growth.
Companies need to work out new ways to convert assets into cash or they will lose out to online competitors. This article offers financial professionals some ways of achieving this goal.