Following a period of geographic expansion and financial process optimisation, Johnson Controls Inc. made the decision to appoint one bank per country for cash management.
The Editor examines the shift in trading routes from western economies to north-south and south-south trade, and notes how all companies should leverage the opportunities that this development provides.
In 2008, Danfoss decided to improve the infrastructure of its treasury by implementing a payments factory and in-house bank, and to replace its TMS and improve cash flow forecasting.
Grupa Żywiec collects around half of its revenues in cash. As this can be expensive and subject to a variety of risks, it was important for the company to have an efficient, cost-effective and risk averse means of collecting, posting and reconciling cash.
Treasurers must regularly revisit liquidity and working capital structures and processes to ensure that they remain world-class. This article outlines a five-step programme that will help enable treasurers to position the company for future growth.
After a period of rapid growth and acquisition, Brady Corporation's treasury recognised the need to undertake a complex transformation to enhance processes and reduce costs to remain competitive and effective.
Treasurers can add significant value as a business partner to the senior management by constantly providing advice on capital structure and financial flexibility.