Cross-border growth among the region’s large local companies is driving many to centralise their treasury operations into regional treasury centres RTCs. The rationale is straightforward it can reduce processing times, simplify fund flows and avoid unnecessary duplication.
But attitudes about what is involved in the centralised treasury centre in the region are by no means uniform. In Japan, for example, corporate culture tends to regard treasury as more of an offshoot of the accounting department rather than as a centre for risk mitigation. But even among firms that fully embrace how much power a treasury centre should have, many don’t want to spend on the technology even if...
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