OCEAN
Network Express (ONE) has clinched
the accolade for the 'Best Digital Treasury Project' at the Treasury Management
International (TMI) Awards for Innovation and Excellence in London.
The Japanese shipping trio was
awarded the "Best Digital Project" title not only for their
transformation of three individual treasury departments into a single structure
within just nine months, but also for ONE's determination to deploy the latest
technologies.
This included implementing HSBC's
Liquidity Management Portal and embracing robotic process automation (RPA)
which displays global cash positions in a timely manner and incorporates HSBC's
auto-sweep in the same currencies, successfully enabling ONE to reduce their
cash balance in each currency by 80 per cent.
This project, conducted in
collaboration with HSBC's Global Liquidity and Cash Management Business, has
enabled ONE to navigate cash management challenges, regulatory requirements,
and technological hurdles that the company faces in 44 markets.
Source : HKSG.
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