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Articles

Develop a Global Payments Strategy with New CTC Guide

  • By Staff Writers
  • Published: 5/31/2016
ctcpat
Until recently, treasurers had a reactive relationship with payments. The treasurer was asked to respond to fund cash-poor group entities, perhaps via a cross-border liquidity management structure operated by a key cash management bank.

Today, developments in technology and changes in regulation mean that treasurers are better positioned to exercise greater control over the full range of corporate payments, not just the traditional “treasury” payments. In turn, this helps them to manage an ever greater proportion of group cash more tightly. To that extent, treasurers are increasingly looking to develop global payments strategies for their organizations.

The fourth and final guide in the CTC's four-part series on global interconnectivity, underwritten by J.P. Morgan, examines how to set a global payments strategy. The guide recognizes that companies are at different stages of centralization; the discussion should be relevant to treasurers at any stage of this process.

The guide is structured in two halves; the first section examines the current global payment landscape, while the second half is designed to support treasury practitioners seeking to review or introduce global payments strategies. It identifies the most likely core objectives of such a strategy: improved efficiency, better risk management and access to more detailed data.

Download Setting a Global Payments Strategy here.
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