Physical Cash Pooling

Physical cash concentration allows corporates to optimise their liquidity across geographies. The effect is that surplus liquidity is consolidated and required capital is internally financed to the maximum extent possible.

Payment factory

A Payment factory is an Accounts Payable (AP) structure that centralises activities and standardises processes that previously took place at a subsidiary level.

The concept of a Payment Factory comprises advisory, sales and implementation support on bank account structure, system integration, bank connectivity, reporting and smooth and secure execution of all corporates’ payments.

As a Payment Factory is a concept and not a product, a Payment Factory will differ from corporate to corporate.

Distinguishing factors are:

• Industry
• Corporate organisation
• Payment methods
• Geographical scope
• ERP and TMS systems used
• Preferred communication channel between Corporates and Banks

Virtual Card

The Virtual Card serves principally to book and pay secured online transactions (airplane ticket, hotel, car rental…). Business trips and other job-related expenditures can more easily be managed this way. The Virtual Card is complementary to the other existing commercial cards (Corporate, Procurement, Travel Account) for a company’s functional expenditures.

Two solutions exist:

• A web solution, through which users can manually generate Virtual Cards for their purchases.
• A solution integrated into the company’s IT system that automatically generates Virtual Cards.

RMB Corporate Handbook

China is now the second largest economy in the world and has seen its trade clout growing at an average rate of 22% per annum for the last 10 years.
The use of RMB has gone from virtually zero to more than 13% of the overall exchanges in the past two years. We expect China trade to double by 2020 and the usage of RMB to continue booming until it becomes one of the 3 major currencies used globally.

Below the questions answered in the Handbook:

• International trade in RMB. How does it work?
• How to: FDI in China?
• How to raise RMB funding onshore / offshore?
• How to repatriate cash from China?
• How can I hedge in RMB?
• How can I manage my RMB Cash?

Collect-4-You

Your company wishes to be present in its export country without having to manage a local structure, without having to manage accounts abroad while offering the use of local payment services to customers.

You also want to improve your debt recovery in Europe, to be perceived as a local player, to increase your commercial credibility and to decrease delay in your payment collection.

Processes abroad can be complex and expensive, and the language barrier can sometimes slow down the development of your export activities.

Virtual Account Numbers

Virtual Account Numbers is an easy-to-implement solution to boost your collection efficiency, with an immediate impact on your performance and organisation.

SEPA product card

Since the 1st of August 2014, all your Euro payments performed from Euro-based countries towards the SEPA area (33 countries) must follow the SEPA Regulation. This big step towards a single domestic market being achieved, the next challenges are yet to come:

• By February 2016, countries that declared niche products will replace these products either by integrating them into existing schemes or by introducing Additional Optional Services (AOS). This will come together with the expiration of waivers that still allow the use of non-XML formats in some countries (e.g. Italy, Portugal, Spain).
• By October 2016, all non-Euro countries will have to migrate to SEPA as well, but only for their transactions in Euro.

Collections

• Collect your receivables everywhere you are present: benefit from a worldwide footprint but with local depth expertise.
• Have access to the local channels and formats.
• Fasten your collection process with advisory and automated reconciliation solutions.
• Collect in diverse collection instruments and allow your clients to pay you in standard but also local means of payments.
• Collect everywhere, even if you don’t have a local presence.
• Improve your visibility and cash forecasting with global e-banking tools and centralised processes.
• Manage and optimise your costs and risks.

Payments

International payments bring specific challenges.

A global economy implies international flows, and these are on the uptrend. Post-SEPA, European corporations are looking ahead and are ready to address the challenges of international payments. But while SEPA harmonises the payment landscape within Europe, it remains largely heterogeneous outside.

How can your company optimise its international payment flows?

• BNP Paribas brings advise
• BNP Paribas brings solutions
• BNP Paribas brings confidence

Discover full details in the leaflet.