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Alstom works in four distinct business segements (thermal power, renewable power, grid and transport) each comprising a large number of subsidiaries operating globally, meaning it was difficult to align cash and processes. To address these challenges, we made the decision to centralise and optimise our treasury structures, and enhance communication between treasury stakeholders.

This article outlines some of the ways in which we have achieved this, and our plans for the future.

Key Points

• Alstom decided to optimise its treasury structure, and began by establishing regional treasuries in each key region, reporting to Group Treasury in France
• Group cash management was extended to to provide web access to local treasuries and finance teams
• Cross-border cash pooling was implemented, with domestic cash pooling planned for the future
• Communication with banking partners was harmonised, including converting to XML ISO 20022 and SWIFT

Written by

José-Carlos Cuevas
Regional Treasurer, Europe
Alstom