This report from Accuity looks at how international organisations are trying to deal with the increased cross-border payments.
Using the traditional cross-border electronic payment offerings can be a hassle and will get costly in the long run.
Global companies could consider the use of shared services centres, or payment factories. Significant cost savings is generally derived from the reduction of unnecessary overhead and infrastructure.
Global organisations can save time and money on cross-border payments by carefully select technological partners, bank master data and shared services centres.