The ability to sweep funds into an account is a treasury process taken for granted by more sophisticated corporates.
Increasing automation and detailed data analysis now allows companies that might lack strong treasury operations, but have an expanding remit of international payments, to benefit from these account structures.
JPMorgan has developed ‘just-in-time’ funding to push local currency payments from one central account.
Rolled out globally in June, it removes the need for companies to hold accounts in each country of operation.
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