AkzoNobel and its Treasury Transformation Project
We are delighted to inform you our client AkzoNobel has won prestigious awards for its Treasury Transformation Project.
Our congratulations go to the team of AkzoNobel, who won the “Treasury Technology Implementation Project of the Year” and “Treasury Team of the Year” award categories at the gtnews Global Corporate Treasury Awards, which were held in Amsterdam during Sibos 2010. AkzoNobel also won The Treasury of the Year Award 2010 at EuroFinance in Geneva as a recognition of its treasury excellence.
How to unlock more liquidity from working capital
Zanders study reveals that since September 2008 liquidity locked in working capital is at record level not seen this decade.
Zanders reports that companies can leverage SWIFT to unlock more liquidity from working capital than was locked since September 2008.
Two sides of the same coin
Cash visibility and working capital management are a priority at a time when credit is no longer readily available – smart choices in both areas are necessary to weather the financial crisis.
One channel for all banks
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) enables banks to communicate with each other in one language and via one network, SWIFTNet.
For several years companies have also been able to access the network. The result for corporates is significantly fewer bank connections and a crystal-clear overview of their global cash positions.
As a SWIFTaccredited treasury specialist, Zanders advises companies that are considering connecting to SWIFT. Additionally, Zanders can prepare and oversee a SWIFT implementation from A to Z. The two parties have now entered into a long-term partnership.