How the BPO helped Vale slash its DSO

Banks running Bank Payment Obligations, a new Swift-enabled trade finance process, are now all inter-bank capable and automated, while BTMU has leapt ahead with BPO-enabled factoring that led mining giant Vale to substantially reduce days sales outstanding.

Sep 16, 2013

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Following on the promise of Universal Rules for Bank Payment Obligations (URBPO), a new trade finance tool from the Society for Worldwide Interbank Financial Telecommunication (Swift), banks have begun automated multi-bank transactions.

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