A Local Approach to Treasury Efficiency

While many companies have sought to centralise their cash and treasury operations in recent years, companies such as France Télécom have adopted a more bespoke approach according to the specific needs of the business. Local and regional/global treasury centres collaborate closely to leverage the strength of a centralised technology, advisory and policy framework, whilst maintaining some operations and expertise at a local level to respond quickly and effectively to local market conditions and manage specific cash and treasury management activities.

This article outlines the experiences of a major local finance centre in the France Télécom group.

Key Points

  • Treasury organisation
  • A collaborative approach
  • Local banking partnerships
  • Solutions in practice
  • A local contribution to a group treasury approach


Written by

Ludovic A. Pech
Cheif Financial Officer
Orange Romania S.A.

Corporate Finance Series (16 articles)


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