Articles tagged with:
cash management

  • Federico Falciai, Enel

    Corporate View: 
    Federico Falciai, Enel

    From oil to gas to electricity, Federico Falciai’s working life has been based on energy and power from the start. Having moved roles from analyst to trader to auditor he is now heading up the cash management strategy unit of one of the world’s largest integrated power distributors, Enel. With revenues of over €80 billion in 2013, it is his role to bring unity to a complex cash operation.

  • In-house banks

    This month’s question

    “What benefits – both financial and non-financial – can establishing an in-house bank in the Asia Pacific region offer to the treasury function? And what advice can readers share on best practice for setting up an in-house bank within APAC?”

  • Close up of Bitcoin

    Bitcoin: the treasurer’s next big headache?

    Corporate acceptance of Bitcoin is on the rise, according to a recent statement from ratings agency Fitch. But can the companies who use the currency cope with the risks?

  • Pile of Renminbi notes

    BAD news for corporate cash flow

    Many corporates in China are finding their cash flow disrupted due to the increasing use of bank acceptance drafts (BADs). Their use has increased as the economy has slowed and credit conditions have tightened, and they now act as a secondary currency, allowing companies to meet their payment obligations.

  • 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.

  • Beautiful hawk in the desert

    Spreading out: overlay cash pooling

    The umbrella structure of an overlay cash pool can offer corporates with internationally-diverse operations another dimension to their liquidity management. But it can be time-consuming to implement, and regulatory restrictions on banks could limit their incentive to provide the service. What do treasuries need to know about the arrangement?

  • Person typing into a laptop

    Deploying a TMS: call of duty

    Dufry is a travel retailer operating around 1400 duty free and duty paid shops located within airports, cruise lines, seaports, railway stations and downtown tourist areas in 47 countries across Europe, Africa, Eurasia, Central America & Caribbean, North America and South America. It has a current market share of around 9% and a current growth strategy focused on the emerging markets. Group Treasurer, Yves Gerster, explains how technology has played a transformative role in the company’s approach to risk and cash management.

  • Falling dominoes

    Asian treasuries struggling with risk hurdles

    Operating across Asia, with its diverse banking environment and no single currency or regulator, presents unique issues to the treasurer. And it seems that many corporate treasuries in the region are struggling to manage their risks amid these challenges.

  • Glider in the mountain landscape in sunset

    Risk high but manageable, say Asia CFOs

    An annual survey of finance chiefs in the Asia market reveals a confident mood in the region’s business prospects. But while the majority of the region’s multinationals are feeling bullish about revenue growth in the year ahead, concern about financial risks is on the rise.