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Streamlining Foreign Exchange Management Operations with Corporate Financial Portals

In: Handbook on Information Technology in Finance

Author

Listed:
  • Hong Tuan Kiet Vo

    (University Karlsruhe (TH))

  • Martin Glaum

    (Justus-Liebig-University of Giessen)

  • Remigiusz Wojciechowski

    (Bayer AG)

Abstract

Global competition and decreasing profit margins force companies to reduce their operational costs. This puts pressure on all business units and operations, including financial management. One approach to increase operational efficiency is the automation of existing processes by eliminating unnecessary manual interventions. Alternatively, one can design and implement new, improved processes. This is a challenging task that gets even more complex if the financial management has to deal with the heterogeneous environments of a multinational corporation. In this sense, the deployment of information systems that help to reduce the complexity of integration, communication, coordination, and collaboration challenges is required. Thus, financial management is in search for the equivalent of the global information system postulated by Chou (1999).

Suggested Citation

  • Hong Tuan Kiet Vo & Martin Glaum & Remigiusz Wojciechowski, 2008. "Streamlining Foreign Exchange Management Operations with Corporate Financial Portals," International Handbooks on Information Systems, in: Detlef Seese & Christof Weinhardt & Frank Schlottmann (ed.), Handbook on Information Technology in Finance, chapter 6, pages 123-139, Springer.
    • Handle: RePEc:spr:ihichp:978-3-540-49487-4_6
    DOI: 10.1007/978-3-540-49487-4_6
    as

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