Seeing the full picture: FX visibility made clear

Despite having a team of only two EMEA-based treasury professionals, Wyndham Worldwide, one of the world’s largest hospitality companies, has significantly improved its FX risk management practices as part of a wide-reaching treasury transformation project. The goal was to improve visibility over the company’s FX exposures, which had historically been reported manually via a push methodology. This lack of visibility resulted in missed exposures and unnecessary profit and loss volatility. It was clear that something needed to change.

Hear how Wyndham’s ambitious treasury transformation project has seen the company centralise its FX risk management decision-making, whilst optimising its liquidity management structure. Milestones include creating an in-house bank, implementing a netting programme, and establishing a single-entity multicurrency notional pool. As a result, the treasury team has been able to garner significant improvements in its FX scorecard metrics, together with impressive cost savings and process efficiencies.

This webinar was held on Wednesday 15th April 2015.

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