Tuesday, 14 May 2024

Best Cash Management Project in Hong Kong - BOCHK and SF Holding Limited

5 min read

By The Asian Banker

The winning bank implemented a Corporate Treasury Centre in Hong Kong for its customer, which enables the effective management of business operations in over 50 countries and regions. Through the project, the customers attain full visibility and control on global accounts in its ERP system, concentrate cash in a global cash pool, split payables and receivables, automate collection channels in local markets etc. Monthly transactions increased seven-fold while the number of staff required was reduced by 70%. 

For significantly improving the cash management processes of its client and developing a solution that enhances efficiency while reducing costs and risks, the Best Cash Management Project in Hong Kong goes to BOCHK and SF Holding Limited.



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