• William Lundberg & Luis Arrieta, Amgen

    Problem Solved: 
    William Lundberg & Luis Arrieta, Amgen

    “Amgen’s treasury team was looking to optimise the risk/return profile of our investment portfolio while at the same time increase yield,” says William Lundberg, Director of Capital Markets & Investments. “Fixed income investing has become especially challenging in a low rate environment,” he continues. As such, William and Luis were concerned about how low the ‘income cushion’ was in market value weighted bond indices (eg Barclays Aggregate).

  • Photo of Matthew Tatnell

    Problem Solved: 
    Matthew Tatnell, Aviva Investors

    The European debt crisis has left no treasury team untouched. The uncertainty surrounding the peripheral nations’ debt in Europe, coupled with concerns over the solvency of many bank balance sheets means that corporates find themselves faced with a real dilemma. Do they continue to invest in banks directly or via a money market fund, or do they opt for something that affords them a little more peace of mind but that offers them a lower yield?

  • Martin Schlageter & Dennis Reneau, Roche

    Problem Solved: 
    Martin Schlageter & Dennis Reneau, Roche

    Supplier finance solutions offered to Roche in the past were somewhat country-specific offerings from banks, based on local contract documentation, local data exchange/IT-connectivity with banks and local supplier financing portals for suppliers. “Local subsidiaries were assessing local solutions that caused substantial efforts for IT to implement on regional or global ERP-systems,” says Martin Schlageter, Head of Treasury Operations.

  • Photo of Edo Rensman

    Problem Solved: 
    Edo Rensman, Thomas Cook Nederland BV

    Thomas Cook Nederland wanted to do away with paper-based invoices in order to improve reconciliation and remove manual intervention. With the help of ING, the company implemented an e-payment solution, supported by payments platform iDEAL, which fills in many of the details automatically, leaving the customer with little to do to complete the payment.

  • Equity accounting

    When one company takes a stake in another, it must account for its equity holding in its financial statements. Which method of accounting that the investing company uses to do this depends largely on the percentage of shares (common stock) that have been purchased and the ‘influence’ those shares allow the purchaser to exercise over the investee’s business.

  • Elisa Crivello

    Problem Solved: 
    Elisa Crivello, Recordati

    Recordati’s treasury has traditionally been fairly decentralised, with finance teams in each of the 17 subsidiaries. “Because each business unit held cash across a total of 120 bank accounts we could only gain limited scale economies and could not engage in netting payments,” says Crivello. “The structure was inefficient.”

  • Mauro Prignoli

    Problem Solved: 
    Mauro Prignoli, Piaggio

    With two thirds of the company’s annual sales generated between April and September, the search was on for a way to consolidate the company’s numerous bank acounts and improve its cash management system in order to improve visibility.

  • Problem Solved
    BNY Mellon Asset Management

    A global insurance company implements a new investment strategy to match the company’s excess cash with its future claims.

  • SEPA: questions before you switch?

    Over the next few years, SEPA will become the standard method of making credit transfers and direct debit payments across Europe. With this in mind, UniCredit is providing treasurers with a forum in which they can ask the questions they need answered before they make the switch.

  • Photo of Anil Agrawal

    Problem Solved: 
    Anil Agrawal, IDEA Cellular Limited

    IDEA Cellular is a provider of GSM mobile services in India with a large number of distributors across the country for the prepaid business. Prepaid subscribers constitute over 80% of the company’s revenues. The company’s key challenge was to reduce its cash to sales cycle, leveraging an efficient and technologically-enabled solution.