Treasury and trade historically have been viewed as distinct by many corporations. The processes of business-to-business invoicing and accounts payable payment processing have often been considered as wholly separate activities to the cross-border trade finance side of the business, which relies on finance instruments such as letters of credit and documentary collections.
As a result, treasury and AP teams often worked isolated from one another to drive paper from the procure-to-pay process through initiatives such as e-invoicing and e-payments, primarily seeing this as a treasury-centric exercise in processing cost efficiency. But can treasurers still afford to leave corresponding trade finance paper-to-electronic initiatives behind?
In the advent of the digital economy, finance professionals across the globe need to respond to new challenges almost without exception. Finance organizations are undergoing a fundamental transformation to adapt to the opportunities and challenges of supporting their businesses in this digital world. Trade finance does not make an exception.
SAP is now offering a complete E2E solution to seamlessly integrate trade finance into the SAP Treasury and Risk Management processes. The new solution helps corporations to gain visibility into risks related to high volume financial transactions, assuring timely payment of goods and services as well as streamlining interactions with counterparties.
If you have the chance to visit SAPPHIRE NOW in Orlando, Florida this year, you can visit us at the Treasury and Financial Risk Management booth at the show floor, or even better: directly add the trade finance live demo session to your personal agenda.
Also, don’t miss to visit the additional treasury-related sessions:
Tuesday May 17th: 02:00 – 02:40pm
Wednesday May 18th: 12:30 – 12:50pm
Wednesday May 18th: 02:00 – 02:20pm
Thursday May 19th: 11:30 – 11:50am
Thursday May 19th: 01:00 – 01:20pm
Join us? Register here
Have a great SAPPHIRE NOW!