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As a leading supplier in Europe of an essentially seasonal product, Piaggio has an erratic payables/receivable cycle.
Be the first to comment | March 2011
A global insurance company implements a new investment strategy to match the company’s excess cash with its future claims.
Be the first to comment | January 2011
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.
Be the first to comment | November 2010
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.
1 Comment | November 2010
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.
Be the first to comment | July 2010
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.
Be the first to comment | April 2010
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.
Be the first to comment | April 2010
The ocean freight industry is heavily reliant on complex contracts, which can make invoicing problematic.
Be the first to comment | November 2009
Prior to 2007, Ineos – at that time called Hydro Polymers, part of a Group Hydro organisation – was using a proprietary Group Hydro ERP system called FELOS. This system covered payments worldwide. Manual processes such as payment approval and bank-related process-handling were still in place in several countries in which the company operated.
Be the first to comment | November 2009
Recently, Nyrstar was in the process of setting up centralised treasury operations and introducing a new business model in which the company’s metal inventory throughout the production and sales process would be owned by a central commercial entity. In addition to this entity, the treasury organisation was further developed in order to centralise the company’s daily cash position fully.
Be the first to comment | October 2009