KPMG provides businesses with helpful solutions to manage cost and treasury

Effective cost and treasury management is one of the key concerns these days and has received great attention from corporates. This is especially true at this time when corporations are severely impacted by disruptions and constant volatility in the market, resulting in several challenges for CFOs.

During the workshops, KPMG experts shared their knowledge on how to manage cost and treasury efficiently, tailoring their input to businesses’ needs, objectives, and situations. Senior-level guests from FIS Global also provided the guests with useful automated solutions for treasury management that follow global best practices.

Luu Bao Lien, partner and head of Financial Management Consulting, providing helpful approaches for businesses to manage cost and treasury effectively

Lien said, “In the current context, cash flow and cost management have drawn attention from many businesses. Given that, KPMG has captured and designed methodologies and supporting tools to improve effective cash and cost management. Planning and budgeting, monitoring tools, and cost controlling processes with cost optimisation initiatives are three integral components that need to be implemented consistently across the business, bringing an average of 5-15 per cent in quick-win savings.”

Tim Kramer, director and head of the Special Situations Group at KPMG in Vietnam and Cambodia, pointing out important points when managing cost and treasury in Vietnam

"Vietnamese businesses have a significant untapped opportunity to release 10-20 per cent cash from working capital whilst enhancing operational processes and business partner relationships. This is the most efficient source of funding to deploy in a challenging economic context where both the need for cash and the cost of cash are increasing," Kramer noted.

Vu Quyen, director at FIS Global, presenting useful automated solutions for treasury management with global best practices

Once they have the know-how on how to do this, businesses can then reduce unnecessary steps in treasury management, thus making it easier to fulfil the ultimate goal of maximising profits.

Global sustainability reporting by KPMG shows improvement in Asia-Pacific Despite positive signals in the region, the findings of the KPMG Survey of Sustainability Reporting show that there is still more to be done to balance addressing climate change and social equality with business performance.

KPMG expands legal services in Asia Pacific More than 275 lawyers across Southeast Asia are set to join KPMG legal firms, giving the global organisation an extensive legal footprint in Asia Pacific, bringing coverage globally to 84 jurisdictions.

KPMG launches 2022 Vietnam Customer Experience Excellence Report A new KPMG report identifies the leading performing brands and industries providing exceptional experiences from the consumer's point of view.