After Rio Tinto acquired Alcan in 2007 it needed to rationalise its entire treasury operation. The changes often required hard choices and decisions, but have transformed treasury into an efficient and transparent business function.
syncreon is listed in Ireland with holding company, HQ and treasury in the US. The article describes how its bank relationships work successfully in the various areas where the company is active, and also how use of an electronic banking system for payments and bank statement retrieval has led to …
Over the next five years, the regulatory and market environment for banks, and the institutional customers with whom they work, will become barely recognisable compared with the conditions that existed before the 2008-9 crisis. The Editor summarises the key elements of Basel III and looks how new …
There is a perception that many multinationals head-quartered in the US could best be described as US-based companies with international operations, rather than as truly global companies. While this may sound like a technical distinction, the implications can be wide-ranging.
For all the innovation in financial management over the past 20 years, it's remarkable how little the process of hiring and developing finance talent has evolved. Many believe that rotational assignments can create the breadth that finance function generalists - and future CFOs - need.
Recent surveys reveal that around one third of SSCs have consistently been able to deliver 10% year-on-year savings over an extended period, suggesting that there is a substantial number of SSCs that need to adapt and seek opportunities in order to find new ways of delivering continued value.
Is 2013 the year everything changes? While the economic challenges are far from over, proactive corporates are also sensing the opportunities afforded by the new landscape.