Infosys, a global leader in digital services and consulting, has partnered with BNP Paribas to implement a global receivables purchasing facility. The program, which began in 2017, aims to optimize working capital management, improve credit risk management, and explore arbitrage prospects.

According to Deepak Bhalla, Executive Vice President Finance at Infosys: 

“So often in these projects, what works for one entity does not necessarily work for another. If a banking partner arrives with a template, it may be assuming that all companies are the same. But each company has its own nuances, and these need to be worked through.”

The program's success can be attributed to the collaborative effort between Infosys and BNP Paribas. The bank's flexibility and willingness to create a practical solution that fits within Infosys' specific requirements were key factors.

The program's targeted simplicity, combined with BNP Paribas' experience in delivering programs of this type and scale and tailored solutions, also contributed to its success. 

The program has provided Infosys with a greater level of predictability over its collections and has given the company flexibility to tactically manage its cash flows and working capital requirements. 
 

Read the entire Treasury Management International article in the pdf below: