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In 2007 Roche developed a global treasury organisation, with a close collaboration between treasury and IT. Since then, Roche has successfully optimised many of its treasury processes and developed its in-house bank into a payment factory.
In this article, having achieved a world-class treasury operation, the authors discuss how they have now extended treasury's activities further across the business, beyond treasury.
- In July 2007 the authors described Roche’s approach to treasury, and in this article they discuss developments since that time
- An in-house bank has been established, bank relationships rationalised, cash pooling implemented and a global bank communication based on SWIFTNet set up
- The key enablers for the success of the treasury optimisation are itemised
- Service provision, supplier financing data screening and payroll are described and future plans outlined
Martin SchlageterHead of Treasury Operations
F.Hoffmann-La Roche Ltd