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 รป 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.

It is entirely appropriate to caveat this article with a health warning. One treasury management solution does not fit all - and certainly not in Asia. There are numerous dependencies, and the solution...

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