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Cash Visibility and Efficiency at ALTANA

ALTANA was operating as a pharmaceutical company with a small chemicals division until it was sold to Nycomed. Boosted by a series of acquisitions, ALTANA repositioned its business as a speciality chemicals company. The former treasury function remained with the pharmaceutical business, so the new ALTANA needed to set up a new Group Treasury function.

In this article, Klaus Gerdes, Head of Treasury at ALTANA, describes Group Treasury's experience of acquiring a treasury management system (TMS) to support the new business.

Key Points

  • Evolving technology needs
  • Achieving goals
  • Conclusion and future priorities
  • Future priorities

 

Written by

Klaus Gerdes
Head of Treasury
ALTANA Group

Cash & Liquidity Management Series (44 articles)

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