Cash Efficiency—How to Get the Most Out of Your Cash
This article is written by Palm A common issue we hear at Palm is that businesses are aware of their idle cash but lack the time and resources to manage it effectively. This can range from the minor inconvenience of maintaining a small balance in an unused overseas account to a larger problem of having […]
Understanding Trade Receivables Securitisation
This article is a contribution of our partner, Demica Trade receivables securitisation (TRS) is a resilient funding option that has much to offer corporate sellers and investors – so what is TRS, what are the benefits, and which challenges do corporates need to address when implementing a programme? The rise of trade receivables securitisation Bridging […]
The Keys to Managing Cash Across Multiple Banks
This article is written by our content partner, Nilus Following the SVB and Credit Suisse fallouts, the risk of keeping your cash in one bank has risen to the forefront. Companies, both small and large, have shifted to multiple banks in order to keep their cash safer. Unfortunately, managing cash across multiple banks is a […]
Payment Hub Implementation Checklist
This article is written by Nomentia In today’s digitalized financial landscape, optimizing payment operations is essential for businesses to stay competitive. Here is a comprehensive checklist for finance professionals looking to implement a payment hub. Payment Hub Implementation Start by assessing your payment operations, technology, and challenges. – Manual data entry leading to errors.’ – Fragmented payment processes […]
Top 5 Strategies to Control Costs in Cross-Border Finance Operations
This article is written by HedgeFlows Managing finances for a business involved in international trade introduces complexities and hidden costs that can affect profitability. To safeguard your financial outcomes, it’s crucial to identify and mitigate these expenses. Here are five key strategies to help finance teams optimize costs in cross-border operations. 1. Scrutinize Foreign Exchange […]
What is Supply Chain Finance?
This article is a contribution from our content partner, PrimeTrade Supply chain finance allows businesses to get their suppliers paid quickly without affecting their own accounting or cash flow. Sometimes it is called SCF, supplier finance, reverse factoring, or dynamic discounting. These different labels all describe a similar process: In dynamic discounting, the financier is […]
APIs vs. Open Banking: What’s the Difference?
This article is written by Palm APIs and OpenBanking are two commonly used terms in today’s treasury world; however, a stark number of professionals do not fully understand what they are and how they can harness their firepower effectively. This blog post aims to clarify what these tools are, how they function, and the potential […]
How Freightos moves faster on decisions with real-time cash data and insights
This article is written by Nilus About Freightos The $500 billion global freight market that transports nearly everything we eat, wear, and use around the world remains almost completely offline. Which means that our everyday products cost more than they should. Freightos® (NASDAQ: CRGO) makes international shipments faster, more cost-effective, and reliable, expanding global trade […]
Where companies fall short with cash forecasting, and how to avoid those pitfalls
This article is written by Palm Cash forecasting often takes centre stage in board meetings, strategic business discussions, and auditor reports. Having a reliable cash flow forecast model can steer the course of a business. Conversely, a neglected model can sit in a folder, unused, leaving CFOs and treasurers feeling blind and unable to make […]
Bank statement fraud: how to avoid it?
This article is written by Trustpair Last year, the FBI reported that US companies lost over $6.9 billion in cybercrimes. The bulk of those? Crimes by business email compromise, bank statement fraud, and wire transfer fraud. When hackers steal your hard-earned money and financial data, it compromises your entire business operation. Businesses stand to lose much more than cash—trade secrets and […]