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Leveraging Technology to Create the Treasury of the Future

As a leading airline that has a recent history of rapid growth and an ambitious future strategy, treasury plays a vital role in supporting the financing (including aircraft financing) risk management, cash and liquidity management needs of the business.

To fulfil this role, treasury needed a sophisticated treasury management system (TMS) that would support greater efficiency, automation and control, and enable the treasury team to focus on tasks that added value to the business and contributed to the group's strategic objectives. In this article, Freidrich Floto, SVP, Finance & Administration discusses the project so far to select and implement a TMS.

Key Points

  • Rapid growth meant that airberlin's treasury demands expanded and the company decided to replace its existing TMS with a state-of-the-art solution to meet current and future needs
  • After considering several leading TMS vendors, it was decided to implement SunGard's AvantGard Quantum solution
  • The implementation process and the anticipated benefits

 

Written by

Friedrich Floto
SVP, Finance & Administration
Air Berlin

Financial Technology Series (49 articles)

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