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.
Ludovic A. PechCheif Financial Officer
Orange Romania S.A.