Pune, September 08, 2014: DBS Bank India, a part of Asia’s foremost financial services group, has announced the launch of Working Capital Advisory Program, which is a unique and comprehensive advisory service that will help corporates analyze both their physical and financial supply chains and reduce their overall banking costs.
With this advisory, DBS plans to aid corporates in optimizing their working capital and managing their cash flow. By means of proprietary analytical tools, industry best practices and insights from over 65,000 companies globally, DBS Bank’s Working Capital Advisory will provide two types of analysis:
- Working Capital Benchmark
- Working Capital Diagnostics
The Working Benchmark analysis will indicate the key levers to uncover trapped cash in the clients’ working capital cycles. In working capital diagnostics, DBS will conduct detailed analysis of working capital drivers to develop actionable recommendations.
For CFOs across the world, the physical supply and distribution chain has become more complex in the last decade, and has increasingly consumed more of a company’s working capital. Using the cash conversion cycle to generate an additional source of funding has been a universal approach to increasing the value of a company, but one that is very complex and challenging. Whether a company is a large MNC or a family-owned SME, effective working capital management gives it a very strong competitive advantage.
Expressing his views MR. ROSHAN MATHEW, HEAD – GTS, DBS BANK, INDIA said, _”Keeping the current economic environment in mind, cash flow management, risk management and unlocking the value trapped in working capital continue to remain top most priorities for the CFOs. Our aim is to help revamp the working capital of the clients and help them expand their business at reduced costs and enhanced efficiencies. This is an industry first, and it moves the discussion from transactional to value creation.”
DBS’ transaction banking business has been one of the bank’s strategic priorities since 2010. The GTS business generates nearly SGD 1.5 BILLION in revenue annually which has delivered a 27% CAGR over the last four years. With its comprehensive suite of products and services, the business has garnered close to 150 accolades. These include ‘Best Asian International Transaction Bank, Asia-Pacific’ by The Asian Banker, ‘Best Global Cash Management Bank, Asia-Pacific’ by Asiamoney and ‘Best Cash Management Bank, Singapore’ by Asiamoney, The Asset, The Asian Banker and Asian Banking & Finance.
CCI Newswire
