Series of Articles Addresses Challenges and
Opportunities for Corporations
The Global Transaction Services (GTS) business at Bank of
America Merrill Lynch has published its annual report on the North
American market, entitled "North America Perspectives."
The report, which appears in leading industry publication
Treasury Management International (TMI), includes a series of
articles looking at the economic growth outlook for 2015 and how
the relationship between banks and corporate treasurers is
changing. Its publication follows the release of BofA Merrill’s
2015 CFO Outlook, in which over half of those corporate treasurers
surveyed expected the North American economy to grow in the next
year.
“For the past seven years, banks and corporations have been
cautiously navigating their way through a transaction banking
paradigm shift, towards a future in which the quality of a banking
relationship counts as much as its size,” said Ather Williams, head
of GTS at BofA Merrill. “As banks like ours invest in building the
technology, expertise and global reach required to help
corporations grow, we are finding ourselves gradually moving
towards greater integration of banking services. Underpinning this
cooperative way of working is a revolution in technology.”
“North America Perspectives,” which is available to BofA Merrill
clients and through TMI, features articles on the following
topics:
- Companies look to 2015 with cautious
optimism.
- Mattel – a case study on making working
capital optimization children’s play.
- Why growth entails owning your own cash
position.
- Transforming treasury: planning for the
future.
- The relationship between banks and
their clients under new regulations.
- Creating an effective treasury in Latin
America.
The report’s leading article, “Companies Look to 2015 with
Cautious Optimism,” discusses the optimistic outlook for the
macro-economic and business environment in 2015. Signs of
sustainable growth and increased confidence are reflected in
corporate activity, and many companies are ready to pursue new
growth strategies this year. In the treasury space, there is a
continuing focus on streamlining treasury opportunities, including
a drive to rework treasury structures and increase automation in
payments.
“Mattel – Making Working Capital Optimization Kids’ Play”
explores how the world-class initiative from Mattel – the largest
global designer, manufacturer and marketer of toys – is improving
its working capital optimization by shortening the gap between its
days sales outstanding and days payable outstanding cash flow
forecasts.
In the article “Growth Entails Owning Your Cash Position,” BofA
Merrill explains that the return in confidence about the U.S.
economy necessitates a renewed focus on visibility, control and
optimization of cash for treasury. The ever-changing geopolitical
dynamic and evolving implications of regulation mean that treasury
needs to reassess its structures, processes and people.
“Transforming Treasury: Planning for the Future” details how the
heightened focus on board-level visibility and need for
transparency of cash forces treasurers to address the overall role
they and their department play in organizations, and encourage them
to assume a more influential position within their business.
“Moving Forward Together” addresses the significant shift in the
relationship between banks and their clients. With the impact of
regulatory change becoming clearer, and though the changing
environment is likely to result in higher costs for some, corporate
and financial institutional clients are placing more value than
ever on the quality of their banking relationships.
The report’s “Creating an Effective Treasury in Latin America”
explains that U.S. middle-market companies are implementing new
growth strategies overseas due to their renewed optimism for
growth. For these companies, Latin America has emerged as the
preferred location for manufacturers, which reflects the perceived
stable macro-economic and political outlook of many countries in
that region. Understanding and recognizing the cultural differences
of the area are essential if treasury is to achieve its true
objectives.
“Relationships form the bedrock of all we do at Bank of America
Merrill Lynch,” said Williams. “North America, the home of our
institution, is no less affected as the global economy undergoes
significant change and the regulatory landscape continues to shift.
Corporations have to respond, and many do so by expanding overseas.
The value we put on our relationships and our global reach means we
can adapt to these changes and with the help of TMI, this report
looks to showcase how we do this, day-in, day-out.”
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Reporters May Contact:Will Wilson, Bank of America Merrill
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