A Payments Factory in Asia: P&O Nedlloyd, a Case Study in Centralisation

Nigel Raymont, senior sales manager, global payments and cash management, HSBC, Belgium, and Rob H. Mars, group controller û management accounting, P&O Nedlloyd Group, UK discuss the benefits and challenges of consolidating payments.

  • The benefits and challenges of consolidating payments for a multinational company are clearly outlined in PO Nedlloyd Group and HSBC's collaboration.
  • Asia's diverse characteristics, combined with PONL's wide-spread locations, prompted its decision to separate financial and accounting activities.
  • PONL set up a shared service centre in Shenzhen, China, a centre of excellence in Hong Kong, and a processing centre in Pune, India to streamline and improve efficiency in its treasury functions.
  • ...

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