TMI 167 - Jul/Aug 2008 |
Treasury Outsourcing at Campbell Soup Company
by Adolfo Jimenez, Manager - International Finance, Treasury, Campbell Soup Company
Categories: Cash Management, Outsourcing
Campbell Soup Company has outsourced its day-to-day European treasury and cash management activities to an external provider for several years. A change in the company’s European cash management bank prompted the decision to review its outsourcing arrangements, resulting in a change of provider. This article summarises the main reasons for the change and the differences in service levels which the company has experienced, including a useful list of recommendations for firms considering making a similar move.
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