As one of the leading pharmaceutical companies in the world with growth aspirations, German-based Boehringer Ingelheim ( BI ) sought to revamp its cash management and risk management setup to support future business development.

BI in particular was looking for an automated solution that could harmoniously centralize their inter-company flows in the face of cross-border payment regulations, customs and tax declaration processes and capital controls which are prevalent in the Asia Pacific region.

Looking to address this issue, BI partnered with Deutsche Bank in crafting an impactful solution that sought to automate inter-company payments. This included implementing netting, target balancing and automated transparent FX conversion.

Learn about the solution by watching the video above. View the full article here.