| Publisher | XRT | ||
|---|---|---|---|
| Format | Date added | 20 Oct 2008 | |
| Topics | Accounting Applications, Bank Management | ||
| Downloads | 70 | ||
With its core operations focused on the food and beverage industry, Nestle had a local organization approach for production and sales. However, recent regulatory developments and technological changes encouraged the sharing of certain functions among several operational units while also prompting the group to create a more centralized treasury structure. BNP Paribas' Relocated Payments solution allows clients to debit a foreign account remotely, with the instruction processed as if it were issued locally, thus permitting substantial reductions in bank charges.
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