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Achieving Operational and Financial Efficiency in Treasury

Global industrial group Sandvik had undergone significant change in its treasury function over recent years, with major improvements to its financial and operational efficiency. From a centralised funding and currency management centre with relitively little profile within the group, treasury has embarked on a journey to take centralisation to another level, becoming a highly efficient department with automated processes that acts as a trusted business partner of the group.

This article outlines some of the recent initiatives that treasury has undertaken to achieve this.

Key Points

  • Treasury organisation
  • Addressing centralisation challenges
  • Developing internal relationships
  • Unlocking trapped cash
  • Treasury process development
  • Insourcing treasury operations
  • Beyond treasury: collections and payments
  • The value of relationships

 

Written by

Anneli Walltott
Global Head of Cash Flow Management
Sandvik

Cash & Liquidity Management Series (44 articles)

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