Cash Management
all page content
all page content
Main body page content
LATEST ARTICLES
-
There is pressure on corporate treasurers to maximise the benefits of embedded finance, despite the lack of additional resources.
-
By starting from a blank sheet of paper, Royal Bank of Canada hopes its new US cash-management platform will allow it to capture a greater share of wallet from existing clients while not being held back by legacy technology.
-
Corporate treasurers are playing it safe when balancing the merits of exploiting improved access to capital against the risk of unexpected economic shocks and business interruption.
-
Market conditions have heightened concerns over the potential cost of failed securities settlement as the world’s largest financial market prepares to move to T+1.
-
In a world of higher interest rates, economic uncertainties and data overload, corporate treasurers are turning to cutting-edge tools and strategies to predict and optimize their cash flows.
-
Implementing real-time payments can have consequences for corporates who underestimate the impact of cash leaving their business more quickly. Even as solutions become cheaper to implement, corporates are being cautious.
-
Proposed regulatory changes will not dull treasurers’ appetite for money-market funds, even if interest rates are cut more aggressively than expected.
-
Many companies still ignore the contribution that properly resourced treasury teams make to corporate performance.
-
Elevated inflation and interest rates have focused treasury attention on the importance of diversification, particularly for those with an environmental, social or governance focus.
-
Standard Chartered’s corporate and institutional bank can increase its profitability even when rates fall, divisional head Simon Cooper tells Euromoney. After reaping the benefit of investments in cash management, he is now turning to the financial markets business, especially credit – reinforcing efforts to grow clients in Europe and the Americas.
-
Competition for deposits is influencing pricing decisions on commercial loans. However, the major cash-management banks insist that they have maintained both deposit levels and lending rates.
-
Transaction banks must help their corporate clients to make the best use of new technologies, but without burdening them with unsustainable IT spending commitments.
-
Lack of standardization is one of the main reasons why API adoption has been slow in certain markets.
-
Liquidity concerns and the search for yield are encouraging corporates to expand their roster of cash management service providers.
-
The big cash management banks are confident that offering a wider range of services will enable them to maintain their market strength.
-
Transaction banks are collaborating with ERP system vendors and other fintechs to maximise corporate use cases for ISO 20022.
-
Securities finance practitioners are taking a mix of approaches to managing cash, funding and liquidity in a shortened settlement cycle.
-
For decades, transaction banking was a profitable but largely ignored corner of the banking industry. Then Covid happened. Today, bank chiefs see it as critical to everything they do. Given the challenges ahead – collaborating with fintechs and embedding ESG principles in global supply chains – the revolution under way in this business is unstoppable.
-
Growing treasury demand for advisory services from banks suggests that investment in predictive analytics applications at the latter is starting to bear fruit.
-
Rising interest rates have driven demand for more efficient liquidity structures.
-
Patents are a high-profile demonstration of a bank’s commitment to innovation, but they are not the only option for those looking to encourage new ways of thinking.
-
As the treasury sector reflects on another eventful year, Euromoney looks at likely developments for the next 12 months.
-
The leading transaction banks are taking a proactive approach to balancing the conflicting demands of chief financial officers – who are prioritizing cost reduction – and treasurers, who are focused on increasing operational efficiency.
-
Geopolitical and economic turmoil has taken its toll on cash management strategies during 2022. Leading transaction banks emphasize the value of investment in technology as they navigate a choppy market environment.
-
Rising interest rates and macroeconomic uncertainty mean that corporate cash balances are at very high levels.
-
Smaller firms are expected to pull back on expenditure as recession risk rises.
-
Simplicity remains the watchword for treasurers trying to increase returns on their cash reserves.
-
Businesses are tying up cash in payroll that could be used to boost working capital.
-
Patchy inter-company loan administration could leave corporates exposed to breaches of transfer pricing guidance.
-
Artificial intelligence has revolutionized cash-flow forecasting at educational services provider Pearson.
-
Euromoney speaks to Benjamin Seal, vice-president of treasury at US-based Cenveo, about how accurate cash forecasting has helped to address the supply-chain challenges posed by the global pandemic.
-
Changing bank may sound stressful, but coupled with a change of financing strategy it has enabled packaging supplier Albéa Group to achieve substantial cost savings.
-
Nicolas Cailly, head of payments and cash management at Societe Generale, is responsible for growing the French bank’s cash-management franchise. He tells Euromoney why the bank’s new treasury offering is a step forward for TMS implementation.
-
Sustainable account allows corporates to measure the impact of the sustainable finance assets their deposits are referenced against.
-
Gerard Tuinenburg, director systems, processes and transactional banking at Unilever treasury, explains how the company is improving its cash forecasting efficiency through enhanced use of treasury data.
-
This year’s cash management survey sees banks looking beyond purely pandemic-related challenges to focus on sustainable finance and investment in technology.
-
Widespread use of digital currencies will reshape the way liquidity is managed, but it will also force banks and corporates to move away from long-established practices.
-
Societe Generale’s decision to launch a joint treasury management solution with Kyriba is just the latest example of banks and technology vendors collaborating to offer more sophisticated treasury functionality.
-
Shell’s treasury department has provided the impetus for a dividend payment execution modernization programme that is saving the company millions of dollars every year through reduced FX exposure and lower bank fees.
-
Digitalization may be a hot topic in the treasury world, but many financial institutions remain unconvinced that the benefits justify the cost and disruption involved in moving away from in-house servers or manual signatures.
-
The ongoing market and economic impact of Covid-19 is likely to trigger a more active approach from corporates to their cash strategies.
-
Banks are refining their sustainable cash-management offerings, seeking to align their corporate sustainability strategies to financing and treasury actions.
-
Large-scale working from home has raised the spectre of internal fraud, and treasury departments are finding it harder to conduct effective investigations.
-
Unpredictable receivables together with difficulty accessing traditional sources of liquidity have forced treasury teams to explore all possible sources of working capital during the coronavirus crisis.
-
Defining the boundaries of accuracy is crucial to useable financial forecasts. Experts are, nevertheless, reluctant to advocate omitting data that has previously proved of no value.
-
The mechanics of treasury forecasting have come under intense scrutiny during the last nine months as corporates seek to optimize their cash management.
-
Corporates have much to gain from getting their subsidiary capital structures right. The key to success could lie in reducing complexity and prioritizing debt.
-
Many corporates remain wary of virtual accounts – so what should treasurers be looking for when considering their options?
-
Despite their benefits, virtual bank accounts have failed to gain traction with the world’s largest corporations.
-
The digital dividend dominated the cash management market in 2020. Corporates responded well to those banks that digitalized the services they needed to stay afloat in the choppy waters of a global pandemic.
-
How one US health-insurance plan looked after itself and the providers its policyholders rely on when routine treatment demand started to dry up.
-
A quick reaction to warning signs in Asia meant Atlantic Natural Foods was better positioned than some to deal with Covid-19 – but it still needed flexibility from its bank
-
A trend that was already under way is set to accelerate as companies realise the importance of better oversight of day-to-day financials.
-
Retrenchment from peripheral markets has been a trend for the past 10 years – but banks are now rediscovering the benefit of geographical diversification in transaction banking.
-
Even though this business is notoriously sticky, Goldman Sachs’ entry into cash management business could shake up the industry.
-
Aggressive accounting is as old as balance sheets, so why are we always surprised when inaccurate or bad-faith accounting causes companies to falter or even fail? Why is the dark side of accounting so hard to illuminate?
-
There are only two truly global, fully fledged cash management banks today, but the digital arms race in transaction services gives far more banks the opportunity to be world class.
-
Changes to the US corporate tax code are aimed at driving more onshore investment. For treasurers, this will mean reassessing their current global cash management structures.
-
Regulations intended to make the correspondent banking network safer have stifled the ability to operate, say bankers. Yet the need for the service continues and requires new ways of thinking.
-
Asia’s disparate markets and economies have found common ground in the widespread adoption of digital technology. Starting with consumer clients, expectations are rising up the banking chain and banks need to keep pace.
-
At first glance Euromoney’s global cash management survey 2017 results suggest that it is business as usual, but digging a little deeper into the rankings reveals that some regionals are setting new standards in quality of service.
-
A focus on clients with a strong connection to Switzerland allows the bank to forge particularly close relationships and deliver a quality service.
-
The bank has come a long way in the GTS business in a short time – it took the top spot in Japan last year, and the last 12 months have been about establishing itself in the rest of Asia.
-
The firm has invested heavily in its GTS offering in recent years – this year’s rankings see it rise on a tide of high customer satisfaction with its suite of new products.
-
Scale is important in cash management, but it is not everything. For clients it is the people, the services and the products that count. Often the best-in-class are regional specialists rather than the global giants, as Euromoney’s unique Five-Star Cash Manager analysis shows.
-
Here you will find more detailed results and analysis of Euromoney's Cash Management Survey 2016.
-
To say thank you for participating in our cash management survey this year, Euromoney hosted a champagne reception at Searcy's Champagne Bar. The event brought together more than 60 attendees from a senior audience in the transaction services industry, and featured analysis on this year’s results.
-
Results index Global All transactions 2016 2015 Bank Score 1 2 HSBC 6548 2 3 Citi 3830 3 1 Deutsche Bank 3116 4 13 Bank of New York Mellon 1728 5 14 Sumitomo Mitsui Banking Corporation 1536 6 8 JPMorgan 1534 7 5 Commerzbank 1359 8 4 Bank of America Merrill Lynch 1339 9 6 Standard Chartered 1305 10 7 Barclays 1303 11 9 Bank of Tokyo-Mitsubishi UFJ 1209 12 32 Industrial & Commercial Bank of China 1057 13 45 DBS Bank 1045 14 12 Wells Fargo 823 15 11 Bank of China 817 16 19 Societe Generale 721 17 18 Mizuho Bank 692 18 16 UniCredit 607 19 21 ADCB 605 20 15 RBS 535 21 10 BNP Paribas Fortis 504 22 Cathay United Bank 501 23 22 Yapi Kredi 355 24 UOB 352 25 ANZ Banking Group 340 26 23 ING Group 265 27 35= Agricultural Bank of China 251 28 29 Akbank 250 29 17 RZB 223 30 137= Bank Mandiri 218 31 42 Arab Bank 194 32 39 Bank of Communications 193 33 28 UBS 189 34 ATF Bank 188 35 208= Bank Central Asia 182 36 BNI 46 162 37 CIMB 156 38 38 Danske Bank 152 39 65= Banco BPI 144 40 208= Bangkok Bank 132 41 Siam Commercial Bank 126 42 40 Credit Agricole 122 43 34 BBVA 118 44 Hang Seng 116 45 41 Lloyds 114 46= 27 Garanti Bank 110 46= 74= Bancolombia 110 48 Bank Danamon 107 49 NAB 106 50 Bank of Nanjing 103
-
Results index Regional results: Which ICMs do you use most?
-
While HSBC scores a notable double in Euromoney’s annual global rankings, the record response rate of almost 35,000 validated votes generated a host of changes at the upper end of our cash management survey. Regional banks move to the fore and some previous global leaders have dropped back.
-
Best domestic cash manager
-
View results Euromoney surveys cash managers, treasurers and financial officers worldwide. The survey is split into a non-financial institutions questionnaire and a financial institutions questionnaire. Respondents are asked:
-
View the results of almost 35,000 survey responses from treasury professionals, and find out which cash managers get our stamp of approval for the quality of their service to clients.
-
Almost 35,000 companies and financial institutions vote, a record response rate; HSBC wins globally for both client sectors; and there are big changes at the upper end of cash management survey, with regional banks to the fore and some once global leaders dropping back.
-
Euromoney surveys cash managers, treasurers and financial officers worldwide. The survey is split into a non-financial institutions questionnaire and a financial institutions questionnaire. Respondents are asked to indicate:
-
Asiamoney’s Cash Management Poll has merged with the Euromoney Cash Management Poll to form one poll using just one questionnaire. This single questionnaire will produce results for both Asiamoney and Euromoney and these results are published separately. The categories and mechanics of the poll follows those of previous year.
-
. Which ICMs do you use most in Africa?
-
Back to full results index Euromoney surveys cash managers, treasurers and financial officers worldwide. The survey is split into a non-financial institutions questionnaire and a financial institutions questionnaire. Respondents are asked to indicate:
-
View full results index
-
. Which ICMs do you use most in Asia?
-
. Which ICMs do you use most in North America?
-
. Which ICMs do you use most in Western Europe? View full results index
-
. Which ICMs do you use most in Central & Eastern Europe?
-
. Which ICMs do you use most in Latin America?
-
. Which ICMs do you use most in the Middle East?
-
Access to all applicable clearing systems Advisory services Cash flow forecasting capabilities Cash management network capabilities Compatibility with your own systems Counterparty risk Cross-border low value payments Electronic banking applications/E-invoicing Implement netting/In-house banking Industry expertise & knowledge Innovative/Tailored business solutions Level of commitment to your cash management business Liquidity/Credit facilities Multi-currency capabilities Payment/collection methods Quality of electronic banking security Quality of execution Quality of personnel Treasury management systems Understanding of your business
-
View the results of 27,000 survey responses from treasury professionals.
-
. Best domestic cash manager View full results index
-
Many banks now say cash management is the heart of their business, not just for the returns it can generate in its own right but also for the opportunity to pump other products and services through their networks. Euromoney’s survey reveals banks still have a lot of work to do to turn aspiration into reality
-
. Best regional cash manager
-
View results from Euromoney's 15th annual cash management survey, the global industry benchmark for banks providing international, regional and local cash management services to non-financial and financial institutions.
-
View full results index
-
Which ICMs do you use most in North America?
-
Which ICMs do you use most in Central & Eastern Europe?
-
Which ICMs do you use most in Africa?
-
Which ICMs do you use most in Asia?
-
View full results index
-
Euromoney surveys cash managers, treasurers and financial officers worldwide. The survey is split into a non-financial institutions questionnaire and a financial institutions questionnaire. Respondents are asked to indicate:
-
14% rise in responses pushes total to all-time high of 28,000.
-
View full results index
-
Which ICMs do you use most in Latin America?
-
Which ICMs do you use most in the Middle East?
-
Which ICMs do you use most in Western Europe?
-
Best regional cash manager
-
View the results of a record 28,000 survey responses from treasury professionals.
-
Best domestic cash manager
-
Sibos in Dubai was abuzz with a new spirit of confidence and collaboration among banks, but beneath the surface the battle to secure existing clients by doing more with them and to attract new ones is intensifying.
-
The more exacting capital requirements of Basle III are prompting cash management banks to fine-tune their offerings.