The paper aims to set out the benefits that corporates can obtain from the global management of their financial assets (invoices and inventory). This position is easy to achieve with current information technology systems - and there are now examples of the above arrangements being operated by some of the largest businesses in the world. Key benefits include reducing tax liabilities across an enterprise, increasing the efficiency of existing cash pooling and netting arrangements, raising low cost finance from the capital markets, optimising foreign exchange hedging strategies, optimising and understanding credit management across the enterprise Interested readers can be introduced to corporates who have achieved substantial benefits from gaining a good understanding of their financial asset flows.
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