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.
Klaus GerdesHead of Treasury