DBS starts scheme to help firms unlock trapped cash
Aim is to pare their overall banking costs by boosting cash flow internally
Add BT as a preferred sourceDBS Bank yesterday launched a working capital advisory programme - which it says is a worldwide first - to help companies analyse their cash flow and physical supply chains.
The programme, designed to help firms reduce their overall banking costs, uses a set of proprietary benchmarks and diagnostic tools to allow clients to identify and unlock "trapped cash".
"Our analysis provides corporates with insights that enable them to generate more cash flow internally, reduce their counterparty risk and drive more operational efficiencies," said Tom McCabe, head of global transaction services at DBS. "This is an industry first, and it moves the discussion from transactional to value creation."
Copyright SPH Media. All rights reserved.
