Coprocess UGM 2016, Bernie Zalokar, 10th June 2016.
You will learn:
- how ABB moved from a Payable to Receivable driven multilateral netting process and its impact on overdues
- Implemenation tips - 1998 starting with 750 business units in 54 countries and later adding difficult countries such as China, India, Brazil, South Africa & Russia
- Runing domesic netting using in-country 'pools' in the netting including dispute resolution and via local settlement centers and domestic CNY invoicing
- how ABB includes 99% of all intercompany invoices in the netting process - that's 1.66million invoices in 67 countries
What's covered:
- History of ABB multilateral netting
- ABB Cash in Time (CIT) statistics
- Multilateral Netting: Countries and Regulations
- Dispute handling
- The future
