Contributor: Michael Bosacco
Electronic bank account management (eBAM) , an automated approach to the opening, closing and management of bank accounts seems simple, right? So simple in fact, that when the idea was first introduced a few years ago, corporates were just clamoring for the technology. But, was it a pipe dream? Or just the wrong timing? Why didn’t it gain the traction first expected? And why is there all the hype again? ... read more
Contributor: Michael Bosacco
Every corporate treasurer is undoubtedly faced (on a daily basis) with the following questions: Where in the world is my cash and what currency is it in? Can I mobilize it? Do I invest or borrow? At the end of the day, was I right and how should I protect myself from tomorrow’s risks? Why are these questions on the minds of treasurer's? Because market disruptions have increased the visibility of and demands on treasury. And consequently, the treasurer is concerned about counterparty exposure, centralization and visibility, forward-looking analysis, data transparency, risk measures and regular policy review – now, than ever before.... read more
Contributor: Michael Bosacco
The term “in-house bank” carries a variety of meanings. On one end of the spectrum, it simply refers to the ability of an organization to provide basic internal funding to its subsidiaries; on the other end, it represents a complete banking and financing arm of an organization that performs much like a third party banking institution, including ‘pay on behalf of’ and ‘receive on behalf of’ structures. Regardless of meaning or use, implementing elements of an in-house bank can help treasury add value to the organization.... read more
Contributor: Michael Bosacco
In an era of performing more tasks with fewer resources, one would imagine that treasury technology alternatives, specifically bank connectivity, would become easier. In an era of performing more tasks with fewer resources, one would imagine that treasury technology alternatives, specifically bank connectivity, would become easier. Instead, it seems that as staff dwindles, bank communication options increase, and with it, a myriad of considerations. Just think, for a corporate to communicate/interface with just one bank, a decision tree that resembles the following ensues:... read more
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