Latest Centralisation Articles
Centralisation, simplification and automation are the three major driving forces for transforming the sector and enabling it to respond to opportunities.
In 2012, Autoneum’s treasury department faced several challenges in regards to transparency over liquidity, payment transactions and payment execution. Autoneum, a Swiss automotive industry supplier, has centralised treasury operations. However, it had more than 100 bank accounts globally across the legal units, over 45 bank relationships and large positions of locally based cash with many non-core banks.
It will soon be seven years since the demise of Lehman Brothers sent shockwaves across the global financial system, precipitating a period of economic decline not seen since the Great Depression of the 1930s.
Unilever has sold off food brands; General Electronic recently announced the sale of its iconic appliance business and plans to sell most of its finance arm; Hewlett-Packard has been finding new homes for units domestically and abroad; Baxter International is splitting itself in two, creating a new biopharmaceutical company. And the list goes on…