Payments and receipts are key to any business. How do companies negotiate improved payment terms with their suppliers? We have seen an increase in the use of shared service centres and payment factories in recent years and Payment-on-Behalf-of (POBO) structures are a lot more common now. We also look at how companies manage their collections, including reconciliation and, as with payments, we are now seeing Collection-on-Behalf-of or COBO structures emerging.
Best AP/AR Solution Overall Winner – Watson Pharma Pvt Ltd, Vivek Saraf, Treasurer – India and China, in partnership with J.P. Morgan.
Best AP/AR Solution Highly Commended Winner – IDP Education India Pvt Ltd, Jaswinder Singh, Finance Controller, in partnership with HSBC.
Best AR Solution Highly Commended Winner – Coca-Cola Beverages Pakistan Ltd. Their partner Standard Chartered speaks about their winning collaboration and solution.
Best AP Solution Highly Commended Winner – PTT Global Chemical Public Company, Prapan Shotiyanantawong, VP Accounting Policy & Tax Strategy, in partnership with Standard Chartered.