The New Generation Of Payment Factories
Payment factories are not a new phenomenon. The model has been around for a number of years but there is now renewed interest as they evolve to meet the changing needs of corporate treasurers who continue to take on more responsibilities and expand their role within the organisation. The main benefits of establishing a payment factory include better visibility into funding needs and liquidity management as well as improved control over payment timing. This is still true but what other benefits can corporates gain from new generation payment factories and what is driving this change?.