Treasury and Trade Solutions
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electronic banking portals in
multiple countries. By creating
a centralized channel for bank
connectivity, control is increased
while volumes are consolidated thus
facilitating investment in expertise
and technology, such as encryption
and digital signatures. However,
paradoxically, the SSC environment
creates potential opportunities for
more sophisticated fraud given
the high volumes of invoices being
processed. EMEA corporates are
therefore mindful of the additional
controls and checks required to
prevent such fraud.
Operational efficiency
Traditionally, most companies used a
lift-and-shift model when transferring
functions to an SSC in order to limit
the impact on day-to-day business.
The expectation was that operational
efficiency would be boosted by
