Liquidity management at AkzoNobel shows payment factory‘s vital role
by Kylene Casanova
Marco Schuchmann, AkzoNobel's Manager Payment Factory & Operations, in his excellent presentation at the Eurofinance Conference in Rome, entitled 'What does streamlined cash management mean?' used an important slide to show how a Payment Factory that both makes and collects payments removes the need for sweeping and pooling.
Overall Liquidity Approach at AkzoNobel
Source: AkzoNobel
The other important lesson from this slide is the point that main activity in liquidity management in Restricted and Closed Economies is basically corporate finance.
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