Treasury Today uses cookies to give you the best possible browsing experience. This includes cookies from third parties, which will track your use of the Treasury Today website. If you wish to continue without changing your settings, we will assume you are happy to receive all cookies.
Adam Smith Awards Asia 2016 Overall Winner – Best in Class Benchmarking
Mars introduced a four-phased approach to its benchmarking exercise which has identified best-in-class solutions, working with its partner bank, across each of its key business lines. They have realised operational and treasury efficiencies and it is a process of continuous improvement supported by an annual two-day session between Mars and its bank.
This webinar was held on Wednesday 17th May 2017.
Read the case study: Best in Class Benchmarking
When did you start this journey of benchmarking? How many people within the Mars organisation are involved in the Asia Pacific region? (13:19)
Do you manage the Asian team from where you are based in Hong Kong? (15:26)
How integral is your treasury unit to the day to day operations of MARS? In some FMCG companies sales and marketing units take a more prominent role as they contribute directly to profitability. (28:56)
How many legal entities does Mars have in Asia, in particular in China? Do you operate a shared service center in Asia? (34:55)
Have you introduced any KPIs specifically as part of the benchmarking project? If so, what do you now measure that you didn’t previously? (36:39)
What would you say are the two or three biggest changes that you’ve implemented as a result of this benchmarking programme? (38:35)
Do you have a local or central billing in place and how do you control the billing? Where in your process have you integrated a compliance check with regards to sanctioned counterparties/beneficiaries? (40:36)
Within the next five minutes you will get an email with a validation link to verify your account.
Already a member? Sign in