Latest Centralisation Articles
Many organisations are setting out to drive their performance in the right direction, swimming against the tide of challenging marketplaces. Working capital management is a crucial component in this process.
As treasurers increasingly must do more with less, the spreadsheet approach that many still use to manage treasury operations across the entire company reaches its limits. At the same time, growing complexities further complicate the need for efficiency, visibility and control - a key reason for the strong uptake of treasury management systems (TMS).
Controlling liquidity across several countries and corporate entities, managing corporate finances centrally, hedging any risks – there are many challenges for international companies. An integrated approach can help, while generating greater transparency and efficiency.
Centralising group cash and liquidity was ranked as the top treasury priority for the next three years, when Nordea polled chief financial officers (CFOs) and group treasurers at 80 of Sweden’s largest enterprises. That’s a testament to the growing trend within large multinational companies of centralising the treasury function.