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TSU was launched by SWIFT in 2007 to promote the digitization of trade and supply chain processes, including liquidity management, cashflowforecasting and trade finance programs.
The more payment, cash management, cashflowforecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.
Instead, I can look ahead in business and focus on cashflowforecasts and company targets and help business owners prepare for what is coming. The idea of “real-time accounting” seemed unreal to me! I am not stuck in the past anymore, and I am certainly not playing catch up all the time.
The on-going COVID-19 pandemic has irrevocably disrupted the global economy at an unprecedented scale – forcing manufacturing facilities to shut down, grounding thousands of land, air and sea transportation, and compelling companies to adapt work-from-home arrangement when authorities put quarantine measures in place.
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