Firmenich SA – Adam Smith Awards Winner – Best Cash Management Solution
This company is over 100 years old and has a presence in 64 countries. Philippe Farine, VP Group Treasurer at Firmenich has a simple principle “Excellence in Execution” as he illustrates in this Global Cash Management project. The programme covers all 28 affiliates able to join the company’s global cash pooling solution as well as the inter-company netting process. It was completed with the implementation of a ‘POBO’ structure serving more than 20 affiliates. In less than two years, Philippe has set up a Global In-House-Bank (IHB). This was made possible by the preliminary implementation of a single SAP instance (ECC6 version) and two new SAP modules (IHC and BCM) to run the IHB.
This webinar was held on Wednesday 30th September 2015.