DigitalCFO Asia | 31 January 2022
- Held on 25 January 2022, this webinar addresses current payment trends in Southeast Asia and how CFOs can increase control and visibility on their cash flows.
- The panel included industry experts from Kyriba, Azzana and Danone
- The webinar saw more than 100 registrations and saw attendees from Deloitte, HPC Holdings, Abbott and many more.
Kyriba partnered with DigitalCFO Asia to host this Webinar, to address the significant changes in the payment landscape over the recent years due to the advent of technology, innovation and more convenient global payments.
The panel included industry experts such as Steven Otwell, Director of Payments for Kyriba, Pulat Yunusmetov, Treasury Manager at Danone with its panel discussion moderated by Antoine Degardin, Managing Partner of Azzana.
The webinar spoke on current payment trends in Southeast Asia and the implications of these trends on companies’ cash management and the tools necessary to establish a gatekeeper within such evolving trends. By understanding the tools and platforms available. CFOs can automate payment processes to standardize controls that enhance fraud prevention and ensure a standardized payment process regardless of geography or amount.
From the webinar CFOs can look to change their payment process and to improving overall payments efficiencies and further reducing opportunities for fraud. Not having the ability to control or monitor cash flow efficiently will inhibit businesses’ ability to reinvest and diversify. With the rise of open banking and real-time payments/GPI, which has grown by 42 percent in 2021, there is an increased need for companies to implement a system radically.
Steven Otwell said, “Talk to the banks and talk to them early. Who are your banking partners today and what do you think your business will be in 3 to 5 years time? Look into your footprints in the next few years as the value of your future payments will depend on that.”
He also added, “Find out what you need to add as well as what you are missing to your (payment) strategy.”
If you are in need of cloud treasury and finance solutions, Kyriba delivers mission-critical capabilities for cash and risk management, payments and working capital solutions. You can find out more here: https://www.kyriba.com/