- The benefits and challenges of consolidating payments for a multinational company are clearly outlined in P&O Nedlloyd Group and HSBC's collaboration.
- Asia's diverse characteristics, combined with PONL's wide-spread locations, prompted its decision to separate financial and accounting activities.
- PONL set up a shared service centre in Shenzhen, China, a centre of excellence in Hong Kong, and a processing centre in Pune, India to streamline and improve efficiency in its treasury functions.
It is entirely appropriate to caveat this article with a health warning. One treasury management solution does not fit all - and certainly not in Asia. There are numerous dependencies, and the solution developed by HSBC for P&O Nedlloyd Group (PONL) resulted from many years of relationship development and tailoring of services.
