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What are the most difficult obstacles to overcome when maintaining a centralized structure for global cash management?


Topic Expert
Joan Varrone
Title: CFO
Company: Cloud Cruiser
LinkedIn Profile
(CFO, Cloud Cruiser) |

One of the obstacles is having your accounts with different banks. You should look to one of the global banks such as JPM/Chase, Citibank or B of A who have operations globally on a central platform. I just spoke with someone from JPM who indicated that they have a centralized platform.

Ernie Humphrey CTP
Title: VP, Thought Leadership
Company: Stampli
LinkedIn Profile
(VP, Thought Leadership, Stampli) |

I would add that as you acquire companies and move across borders this makes maintaining the same level of control of cash you fought so hard to obtain difficult. When I had this task as a treasury professional we made many domestic acquisitions, and I found that centralizing accounts payable up from the acquired company was always more time consuming and cumbersome then I thought.

Also, when you acquire companies, you need to be mindful of the bank relationships that exist at the acquired companies before you "centralize" everything as these banks were most likely key partners in making the company you acquired successful.

Liem Bui Thanh
Title: Accountant
Company: Bank
(Accountant, Bank) |

Excuse me,I am writing my desertation about Centralized Cash Management, so can any one help me to know the structure and how about content and most update management information?
Tks so much!


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