• 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

    As a leading supplier in Europe of an essentially seasonal product, Piaggio has an erratic payables/receivable cycle.

  • 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 pre-paid business. Pre-paid subscribers constitute over 80% of the company’s revenues.

  • Sherwin Zhang, Country Treasurer, Novartis

    Problem Solved: 
    Sherwin Zhang, Novartis

    A global leader in innovative pharmaceuticals, vaccines and consumer health products, Novartis is headquartered in Basel, Switzerland and has approximately 100,000 employees in 140 countries worldwide. The company entered the Chinese market in 1987 and has since enjoyed rapid growth in the country. Novartis China reported sales of $515m in 2008.

  • Problem Solved
    A leading global health care benefits company

    In order to help achieve its ambitious growth plans and maintain its commitment to end-to-end process excellence and putting customers at the heart of everything it does, a leading global health care benefits company faced the challenge of improving the efficiency of its claims payment processes.

  • Xiaofeng Huang, General Manager, Treasury Department, CNOOC Limited

    Problem Solved
    Xiaofeng Huang, CNOOC Limited

    CNOOC Limited is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. CNOOC Limited has four major production areas in offshore China, which are Bohai Bay, Western South China Sea, Eastern South China Sea and East China Sea. In addition, it is one of the largest offshore crude oil producers in Indonesia. The group also has upstream assets in Nigeria, Australia and some other countries.