The companies said they will offer a one-stop shop for multinationals’ cash management needs.
As capital gets expensive, CFOs make plans for securing and spending what they will need to grow.
Global uncertainty weighed on U.S.-based companies as they accelerated their cash hoarding in the third quarter.
Higher operating cash flows are leading to more excess cash, but companies are still reluctant to venture outside of low-yielding investments.
A recent report from CFO Research documents the value that faster, more accurate cash reporting and forecasting has for growth ambitions.
Twenty-three percent of finance executives are renegotiating banking contracts and 25% are actively seeking new banking partners, says AFP.
Many companies are back to the habit of holding on tightly to their cash reserves. Is a softening in business confidence to blame?
In YRC's darkest days, a concerted accounts receivable effort kept the company's doors open some days.
Many executives plan to deploy cash the next 12 months, but can they step outside their own assumptions to ensure they are making the right investments?
Quick cash fixes at the end of fiscal years are frequently harmful.
More companies built up rather than subtracted from their cash holdings last quarter, but some plan to reverse course the last three months of 2013.
