UPS established an Asia Pacific regional office in Singapore in 1988 to serve more than 40 countries and territories in Asia. Today, UPS employs some 2,500 employees in the region and makes 204 flights a day. The company has a shared service center in Manila and a regional treasury center RTC in Singapore.
Why did UPS decide to set up a regional treasury center UPS was had very decentralized operations, says Michelle Ho, senior manager of finance and accounting for UPS' region treasury center. We wanted to lower our costs and employ treasury specialists. With our parent in the United States, the time difference was a problem. Now we can minimize foreign exchange...
