Treasury Management International
Strategic Treasury
A STEP TOWARDS STP FOR GLOBAL CASH MANAGEMENT
by Ralph Chapman, Regional Treasury Manager, Asia, Reuters
The Reuters Group decided, as part of a growth strategy initiated in 2000, to develop a Business Transformation Programme to deliver substantial global cost savings. Shared business service centres, each served by one bank instead of many, were an integral part of the programme, and here the Regional Treasury Manager describes how this was effected in Asia, in one of the most ambitious SSC projects ever undertaken in the region. The programme was completed on schedule, after successfully overcoming many obstacles as the different countries in the region have differing regulations and requirements for cash management. The Group’s ultimate goal is for complete, global straightthrough processing and it is now working towards that end.
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Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.
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