benefits-of-centralised-cash-management-according-to-savills

Benefits of centralised cash management, according to Savills

Savills' decentralised operations prompts Asia-Pacific CFO Lilian Chin to choose a notionally pooled regional treasury.

Property is the forte of real estate service provider Savills. Cash management is not. Until recently, the firm's local operations controlled their own cash with little involvement from Savills' regional or global executives. In the words of Asia-Pacific chief financial officer Lilian Chin, the focus was on bringing in sales -- not improving efficiency.

When I joined Savills, I immediately saw the need to have a regional treasury solution for the company's operations in Asia-Pacific, said Chin. We are responsible for both our clients' money and our own corporate money as well. I needed to be able to...

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