Global or regional treasury centers act to aggregate accounts payable and accounts receivable and becomes a clearinghouse for money settlements among subsidiaries

Question

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Global or regional treasury centers centralize financial functions such as managing accounts payable and receivable, and they facilitate the efficient movement of funds within a corporation, acting as a clearinghouse for money settlements among subsidiaries. This structure helps in optimizing cash management and reducing transaction costs.

Global or Regional Treasury Centers Act to Aggregate Accounts Payable