Wolseley’s journey to automation commenced in 2006 with the implementation of TMS platform, followed by electronic bank confirmations and a global cash pooling structure in 2010. The company wanted to improve group liquidity, pay down external debt, reduce bank charges and improve cash visibility. Royston was tasked with delivering a strategy to achieve these goals using his 20 years’ treasury experience. In this Adam Smith Webinar, hear how the journey progressed with online dealing, automation of the interface to ERP and a TMS upgrade, after which even further automation was deployed – and huge benefits were delivered. Royston shares his key learning points and discusses where the journey goes next. A very useful ‘roadmap’ for fellow treasury professionals about to embark upon similar technology projects.
This webinar was held on Wednesday 28th May 2014.