Cash management: Standard Chartered, Chevron ink deal
This was the first such mandate awarded by Chevron to Standard Chartered globally.
KARACHI:
Standard Chartered Bank (Pakistan) Limited has been awarded a cash management mandate by Chevron Pakistan Limited. This was the first such mandate awarded by Chevron to Standard Chartered globally. The solution entails automation of Chevron’s payments processing through Host2Host integration of Chevron’s Global ERP (SAP) with Standard Chartered’s Straight2Bank ACCESS, and streamlining of collections services through the bank’s countrywide branch network. This arrangement provides operational efficiency, reduced risk, lowered cost and improved transparency.
Published in The Express Tribune, March 10th, 2012.
Standard Chartered Bank (Pakistan) Limited has been awarded a cash management mandate by Chevron Pakistan Limited. This was the first such mandate awarded by Chevron to Standard Chartered globally. The solution entails automation of Chevron’s payments processing through Host2Host integration of Chevron’s Global ERP (SAP) with Standard Chartered’s Straight2Bank ACCESS, and streamlining of collections services through the bank’s countrywide branch network. This arrangement provides operational efficiency, reduced risk, lowered cost and improved transparency.
Published in The Express Tribune, March 10th, 2012.