With six overseas cash management
centers across Asia-pacific, Africa, Europe, North America, Latin America and Singapore, ICBC has developed a three-tiered service system from head office to cash management
center to overseas institutions, providing global cash management
service in all overseas institutions.
Not all companies can operate like Dell, but most can improve their working capital position by at least 20 percent over time if they pay proper attention to a fairly simple but effective list of cash management
do's and don't's.
For our clients, cash management
is a strategic service with a very high added value," said Amaro.
For this customer, ICBC designed a global cash management
system to connect their accounts between headquarters and overseas branches through SWIFT.
CitiDirect[R], Citibank's online web-based cash management
system, gives managers real-time information on their positions in a given country and region, 24 hours a day, seven days a week.
This improves the cash management
department's control over the process and greatly simplifies the accounting.
ICBC's global cash management
platform and a full spectrum of cash management
services cover the administration of accounts across the world, centralized collections and payments, cash pool in home and foreign currencies, investment and financing, and risk management.