For the region as a whole, corporates report an average 81.4% of total cash being visible from their ERP systems. The figure was highest in Singapore (94.2%) and lowest in India (66.6%), Malaysia (69.7%) and Mainland China (72.2%). Barely one in 10 (9.9%) regional corporates are able to report an intra-day consolidated, regional cash flow forecast.*
*Visa Cash Flow Visibility Index 2016 (A survey where a total of 806 of the top 1,000 revenue ranked corporations across Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore and Taiwan were interviewed)
Spend management capabilities enable businesses to gain visibility, establish and enforce controls in order to manage business spend. They help to achieve objectives such as reducing costs associated with doing business, including spend on goods and services for direct input or indirect material costs, office supplies and other expenses that do not go into a finished product developed by the company. This process includes corporate and procurement expenses management, compliance management and spend analytics.