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Multinationals are empowering treasury to drive business growth - Industry roundup: 29 July: #TreasuryManagement #Globalisation #Investments #ResponsibleBusiness #TradeFinance #CashFlow #Payments

In this article📌, we explore the key strategies that foreign companies can employ to optimize #cash #flow and strengthen their financial position in the #Chinese 🥢#market. From leveraging local #financial infrastructure to implementing efficient #payment terms and adopting technological solutions 📊 each #strategy is designed to help companies mitigate risks and capitalize on growth #opportunities. Click 🖱️the link below and read the full #article. ✅ Don't forget to follow us on social media to stay tuned!!!!!

One of the key rules of successful budgeting is getting your banking set up correctly. For many, this means having separate bank accounts for tax, emergency funds, discretionary spending, multi-currency accounts, and even day-to-day living. For couples, joint savings accounts are also crucial. But which bank account is best for couples here in Singapore? In today’s video, I dive deep into this topic. I hope you find it helpful! #Budgeting #PersonalFinance #Banking #ExpatLife #Singapore

Did you know that European businesses are waiting on €10.5 trillion in outstanding payments? That is about 30% of total GDP and close to the combined GDPs of France, Germany and the UK. How confident should executives be that this enormous sum of money will flow on time and what proportion of their receivables will be delayed, or even written off as bad debt? Read more our newly published report: intrum.com/epr2024

Faster payments increase cash flow, allowing firms to meet bills, pay personnel, and invest in growth. Paying on time allows for faster reinvestment, which promotes innovation and reduces financial stress.😊 #FasterPayments #CashFlow #BusinessGrowth

Some rays of light amid the gloom? More than 2,000 UK firms went bust in February, nearly a fifth more than the same time last year, according to the latest research. However, there are some rays of light amid the gloom. The UK has returned to growth after a brief recession at the end of last year, although trading conditions still remain challenging. A survey commissioned by KPMG of 150 senior executives revealed that financial services leaders are confident about their second quarter results. “Around 87% had a positive outlook on profitability, up four points from January.” Nevertheless, interest rates remain at a 16 year high and inflationary pressures are still pushing up operating costs, the survey found. “Nearly 40% of leaders named cost pressures as the biggest challenge facing their business in the coming quarter.” In addition, a survey by Lloyds found that output in most sectors had returned to growth although Bibby financial services has found that interest rates and political uncertainty are holding back many businesses from investing. This is no time for businesses to take their eyes off the ball. It is crucial to keep track of cash flow and that’s where we can help. To help you keep track you might want to download our free cash management tool here: https://lnkd.in/ee3pfuGa If you would like to talk over the state of your business you can also book a free call with K2 here https://lnkd.in/edy2aGmd   #K2BusinessPartners #cashflow #insolvency #returntogrowth #businessconfidence    

Join us on July 9th, as Jarmo Kihlstrom and I will be having a fireside chat on "Leveraging Cross-Border Payments to Accelerate Growth" I'll be sharing my knowledge and speaking about my experience with helping businesses drive expansion and competitiveness in the global stage. We will also touch on the latest trends opportunities and solutions and how Payoneer helps Philippine based SMBs navigate the complexities of cross-border transactions. See you there! #dcfosymposiumph24 #payoneer #finance #cfoevents

Operating on a global stage is now a common theme among businesses worldwide due to globalization. The logistical infrastructure for global expansion is now readily available, and the incentives are compelling. However, as businesses tap into this opportunity, they often face challenges in managing their international finances and transactions. Some of these problems include expensive foreign transaction fees, slow money transfers, the need to manage multiple foreign bank accounts in each market and the absence of a consolidated view of their global finances. Graph, a Canadian business banking and spend management platform, is trying to solve these problems with what it tags the finance OS (operating system) for businesses. To achieve its aim, Graph supports two sets of financial actions: cross-border banking and expense management via corporate card issuance and management. https://shorturl.at/hnBEN

As international transactions become the norm for more and more businesses, streamlining cross-border payments to provide speed, visibility and cost-efficiency is becoming increasingly important. https://lnkd.in/gcyv_2DF

As international transactions become the norm for more and more businesses, streamlining cross-border payments to provide speed, visibility and cost-efficiency is becoming increasingly important. https://lnkd.in/gcyv_2DF