Articles tagged with:
cash management

  • Super streamlined train in Milan central station

    Re-engineering cash flows

    Hold-ups in company cash flows are a major concern for corporates in most industries. How can corporates streamline their flow of cash? What are the common culprits for delays? And what is the role of the treasurer in all this?

  • Business suit and equipment

    The charitable treasurer

    When a major international charity or not-for-profit organisation falls foul of a bad FX deal the impact is far greater than a mere accounting loss. Many such organisations lack the treasury know-how that could prevent such financially damaging events. Now is the time for treasurers to make a difference.

  • 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.