When it comes to payments, cash, liquidity and spend management, bank system independence is both desirable and achievable. Coupa’s Rajiv Ramachandran, Senior Vice President, Product Strategy & Management, Coupa Pay, explains why and how.
In a global economy, where political, social and economic uncertainties persist, the effects of such disturbances are witnessed first-hand, and on a daily basis, by treasurers. But even in more predictable times, where businesses of all sizes and types now depend upon a global supply chain, disruptions can divert from strategic direction.
This is why, as a company grows organically and through mergers and acquisitions (M&A), the need to retain control and understanding of commercial relationships is important, notes Ramachandran. But, both domestically and overseas, he acknowledges that control is becoming ever more necessary and demanding. Indeed, whether with suppliers, subsidiaries, contractors, employees or banks, these relationships carry increasingly weighty obligations.
This means having what Ramachandran refers to as “timely visibility” over every important interaction. In particular, as the lifeblood of business, he believes that a view of cash and payments wholly across the organisation’s ecosystem, is dictating how well those stakeholder obligations, and indeed the relationships themselves, are managed.