Payment crime has grown into a rampant threat for treasuries of all sizes. Perpetrators of payment crime have grown more sophisticated and capable than ever before. Accordingly, countless treasury teams across the globe are struggling to acquire and implement immediate payment protection capabilities.
The key to successful payment protection lies in understanding the points of vulnerability within your organization that are likely to be targeted for attack, and implementing a proactive defense against such attacks.
Inchcape Shipping Services (ISS) provides global strategic maritime, cargo and supply chain solutions to ship-owners and operators who span all geographies, market segments, vessels and asset types. Our vision is ‘to be the world leader in maritime and cargo services’. In 2014 alone, ISS successfully acted as the agent for: 65,885 port calls across 1,588 ports in 112 countries. 14,000 vessels globally handled 727,000 TEUs on behalf of more than 2,500 customers. Today, the company is one of the largest maritime services providers globally, with some 300 offices in 68 countries and a team of 3,900 professional and committed staff. While creating a convincing business case for centralisation and digitisation of the treasury function at Inchcape Shipping Serivces to enhance liquidity and risk management, we needed to bring together the wider business in support of the project was a more complex and significant task.
As the leading provider of shopping malls, retail outlets, and leisure entertainment across the Middle East and North Africa, Majid Al Futtaim spans 14 international markets in nearly 40 countries, and employs more than 33,000 people.
The company's many diverse offerings support its simply stated yet profoundly important mission: Create great moments for everyone, every day. But until recently, Majid Al Futtaim's diversity and geographic range were creating some not-so-great moments every day for the company's treasury officers. So a few years ago the treasury team at Majid Al Futtaim decided it was time for action. Enter TreasuryXpress.