• Problem Solved: 
    Piyada Sookaimoath, CPN

    Central Pattana Public Company Limited (CPN) is Thailand’s largest retail developer with over 30 years of experience. CPN currently manage 28 shopping centres, seven office buildings, two hotels and two residential projects. The company is the leader in the retail development and management sector with the biggest share of Bangkok’s retail market at 20%.

  • Anne Heidemann and Kim Japp, DONG Energy

    Problem Solved: 
    Anne Heidemann and Kim Japp, DONG Energy

    DONG Energy, having been created from a merger of six companies in 2006, each with its own procedures, systems and bank relationships, faced the problem of bringing its finance processes into alignment. Treasury Today explores how Nordea’s Global Cash Pool and eGateway solutions helped to optimise DONG Energy’s performance.

  • Problem Solved: 
    Jeanette Chang, IBM

    Moving cash in and out of China was once a big headache for corporates operating in that country. Thankfully, that is now changing. In this article, IBM tells Treasury Today how regulatory changes allowed it to implement a more efficient and effective cash management solution enabling entities in China to centralise funding and FX and standardise processes into the group's global in-house bank.

  • Wei Ming Ho, TE Connectivity

    Problem Solved: 
    Wei Ming Ho, TE Connectivity

    TE Connectivity (TE), a $14 billion global technology leader in designing and manufacturing connectivity and sensor solutions for a variety of industries, was using a time-consuming and manual process to minimise idle cash balances and optimise cash requirements in and out of China. The company’s implementation of Citi’s automated RMB cross-border sweep solution has improved the efficiency and effectiveness of cash management in China resulting in savings for the company.

  • Problem Solved: 
    Ms. Rong Li, China Shipping Container Lines

    After going through a period of rapid expansion, China Shipping Container Lines (CSCL) wanted to optimise management of working capital and liquidity. With help from Citi, the treasury team at CSCL were able to improve the visibility of cash balances and transform the treasury function into a highly automated, efficient department.

  • Mark Greenhalgh, Computer Sciences Corporation

    Problem Solved: 
    Mark Greenhalgh, Computer Sciences Corporation

    The CSC treasury team wanted to take advantage of the organisational transformation and launch an ambitious project of its own. The project included upgrading their banking connectivity and implementing XML file formats across its Asia Pacific operations. In doing so, the team wanted to create a robust, homogeneous banking platform to ensure an efficient migration to India, as well as seeking other benefits including the reduction of back office and banking costs.

  • Urs Müller-Ortolf, ERCO

    Problem Solved: 
    Urs Müller-Ortolf, ERCO

    ERCO wanted to improve the management of its foreign exchange exposures by gaining more visibility and control over group cash flows. Commerzbank provided an innovative solution that allowed the company a complete overview of its global accounts across multiple banking partners, and same day retrieval of account and transaction data which automatically feeds back into the ERP system.

  • Jani Kivikari, OneMed

    Problem Solved: 
    Jani Kivikari, OneMed

    Swedish multinational medical supplies distributor OneMed’s standalone bank account structure across multiple countries resulted in minimal liquidity and high interest charges. The group’s implementation of Nordea’s Global Cash Pool unshackled its internal financing and freed up its operating companies to focus on the areas where they can really add value.

  • Rolf Lehmann, Vetropack

    Problem Solved: 
    Rolf Lehmann, Vetropack

    Swiss packaging glass manufacturer Vetropack realised it had a problem when missing and inaccurate reference data started leading to delays in payments to its suppliers. Its implementation of SWIFTRef turned out to be a simple and highly effective solution.

  • Cees-Jan Dijkstra, Holmes Place

    Problem Solved: 
    Cees-Jan Dijkstra, Holmes Place

    When the 1st February 2014 deadline for migration to the Single Euro Payments Area (SEPA) was announced in early 2012, Berlin-based health and fitness chain Holmes Place Lifestyle Clubs knew that it would need to act quickly.