Tag: virtual accounts

Hong Kong unicorn Airwallex is getting a regional leg up from Deutsche Bank which will allow the fintech to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong

Zuellig Pharma, a Southeast Asia-focused healthcare and pharmaceutical corporate, used RPA and virtual accounts to automate a third of its invoice matching process.

HSBC is offering treasurers self-managed virtual account management capabilities in Hong Kong and Singapore, pipping Citi whose solution only extends as far as Europe

A top demand from companies today is to be in control of their cash. Virtual accounts empower treasurers to do just that, providing a single view of cash positions with flexible reporting.

The conglomerate’s Asia-Pacific business is working with UOB to kill payment times for key SME suppliers in Singapore while maintaining its own working capital cycle.

Don’t rush to extend your payment terms before you have considered all ways to mitigate against the impact on your suppliers. There are supplier payment solutions out there that can improve your working capital position and your key relationships.

DBS’s working capital solution for the Huhtamaki’s Hong Kong arm significantly boosted operational efficiencies