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- Cash & Liquidity Management
Wolseley’s treasury has undergone a radical transformation to enhance its financial and operational efficiency. This article outlines some of the successful connectivity and cash management techniques used.
- Improvement to group liquidity and cash visibility a successful cash pooling programme was implemented in 2010.
- Technological solutions such as electronic dealing from MyTreasury and bank connectivity have been harnessed to improve cash visibility further, and RegisTR and BELLIN’s tm5 provide the hub for treasury technology infrastructure.
- Future plans including leasing, commodity hedging and improved cash flow forecasting.
Royston Da CostaAssistant Group Treasurer
Wolseley Group Services