Smart treasurers save cash

The internet has changed the way treasurers do their jobs. Here three executives from Korea, the Philippines and Singapore discuss the internet revolution.

Byung-Chool Min, vice president of finance, Korean Air

The web has given Korean Air's finance department more control over its bank accounts around the region. It's also saving the company hundreds of thousands of dollars in reduced funding expenses and enhanced yields on pooled funds, says Byung-Chool Min, vice president of finance. We were able to realise the benefits of centralizing our surplus funds in Seoul more quickly than we expected, he says.

Korean Air is using HSBC's online cash management platform for its account management and the bank's online foreign exchange trading platform for currency transfers. The finance department chose these products after asking several...

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