• Working capital management

    Working capital management entails the strategic co-ordination of a range of activities related to cash, accounts receivable, accounts payable and inventory. Technological advances have enabled finance and treasury managers to look into these activities more clearly and efficiently and thus to influence the use of working capital proactively.

  • Working capital and the financial supply chain

    In last month’s Cash Management article we looked at financial supply chain management and the reasons why this approach has become a major topic in the treasury world. This month we look in more detail at the relationship between working capital management and the financial supply chain.

  • Introduction to financial supply chain management

    Taking a holistic view of the financial supply chain has become one of the hot topics in the international treasury circuit. During 2007, we will be examining the different issues surrounding the supply chain and the ways in which treasury can add value by helping to manage the supply chain. In this month’s article, we provide an introduction to the core concepts.

  • Commercial cards

    Recently introduced in China, commercial cards are an alternative to traditional purchasing methods which can enable companies to make savings and gain greater visibility over their purchases. We discuss the associated benefits and the potential drawbacks.

  • Foreign exchange transactions

    Since the revaluation of the renminbi in July 2005, the types of foreign exchange transaction available to companies in China have been steadily expanding. We explain the three main types of transaction currently available and discuss some of the recent changes.

  • Foreign currency accounts

    If a company earns and spends money abroad, currency accounts can help limit the risk and expense of converting funds to and from its home currency. In addition, foreign currency accounts can, in some cases, provide a means of managing currency exposures. By keeping foreign currency payments in the currency in which they were made, a company may save money and will also benefit if exchange rates develop favourably.

  • Tax implications of cash pool management

    An increasing number of international operating groups have established either a notional or a physical cash pool. This enables the group to manage the working capital of the local companies on a daily or weekly basis. In this article we discuss the two types of cash pool and the tax implications that may arise as a result of cash pool management.

  • How to introduce a cash pool in your group

    Cash pools are a popular cash management tool, often enabling corporates to achieve cash savings while improving their liquidity management. However, the benefits will depend largely on the suitability of the type of cash pool to the needs of the company, as well as the success of the implementation process. In this article we look at how to establish cash pooling arrangements so that the best possible ‘fit’ is achieved and implementation is as painless as possible.

  • Cash pooling in China

    Cash pooling is a popular cash management technique, used to optimise interest and improve liquidity management. In China, the traditional cash pooling model has been adapted in response to local regulations. In this article, we provide an overview of traditional cash pooling techniques, consider how these have been adapted for the China market, and look at the recent regulatory changes.

  • Cash pooling – an introduction

    The cash pool is a perennial feature of banks’ cash management offerings. Indeed, cash pools are arguably the most popular – and certainly the most frequently discussed – cash management product. In this article we take an in-depth look at how cash pools operate and the various types of pools available.