Tuesday, 25 June 2024

Best Cash Management Project in Asia Pacific is awarded to Bank of America and Solvay

5 min read

By The Asian Banker

Following multiple acquisitions, this leading global advanced materials and specialty chemicals company struggled with legacy, paper-intensive processes and inefficiencies from numerous bank accounts across 10 markets. The bank introduced an end-to-end treasury transformation solution that included account rationalization, system integration, and a multi-tier liquidity management structure, fostering regional and global growth. 

For halving the number of bank accounts and consolidating over 60 percent of cash in Asia for repatriation, Best Cash Management Project in Asia Pacific is awarded to Bank of America and Solvay.  

View the full image gallery of the gala awards here

 



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