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Healthcare Articles

  • Case Study: Merck KGaA Restructures its Global Cash Management Processes
    Joerg Bermueller, Merck KGaA - 28 Aug 2012 Merck KGaA embarked on a global cash management restructuring programme for euro (EUR), US dollar (USD), British pound (GBP) and Swiss franc (CHF) in January 2011. Within nine months, treasury had successfully streamlined its cash pool structure, reducing the number of pools from 11 to six. It reduced the number of banks it dealt with by half, gaining significant cost savings in bank fees of 50% per annum. This case study was one of two highly commended entries for the Cash Flow Forecasting Project of the Year category at the gtnews 2012 Awards for Global Corporate Treasury.
  • Case Study: Merck KGaA Global Guarantee Management - L/C Management
    Joerg Bermueller, Merck KGaA - 16 Jul 2012 This case study, which won the Supply Chain/Trade Finance Project of the Year and the overall Gold Award for the highest scoring entry across of the all categories at the gtnews Awards 2012, explains how a small treasury team at Merck KGaA introduced a single global, consolidated bank guarantee facility worth €150m. Valid for all 250 subsidiaries, the system uses a single procedure and bank platform to minimise letter of credit (L/C) errors and has automated reconciliation and fee management, cutting the required documents from 575 to five, banks from 103 to just one, and time taken to issue a guarantee from two weeks to a day.

Video

AFP2012: Challenges Facing Corporate Treasurers - 23 Oct 2012

Al Carpetto, head of KeyBank’s enterprise commercial payments, highlights a few pain points for corporate treasurers operating in a global market, as well as in the health care sector, and outlines his main tasks since joining KeyBank earlier this year.

Blog

Reinsurance Industry Attracts Investment, Yet Questions its Relevance - 18 Sep 2012

Reinsurers were joined last week in Monte Carlo for the industry's annual self-analysis by representatives from banks, ratings agencies, law firms and intermediaries. This blog from gtnews deputy editor Graham Buck reports on this year's main issues.

Video

The Forum for Global Corporate Treasury: What to do About Short-term Investments? - 25 May 2012

Séverine Le Blévennec, director treasury EMEA, Honeywell, outlines the tools/technology she uses to to manage Honeywell's short-term investment strategy.

Video

The Forum for Global Corporate Treasury: How Corporate Treasurers Can Address New Risks - 25 May 2012

Daniela Sibille, director, corporate treasury EMEA, SunGard, talks about what is keeping her awake at night in terms of new risks in the current environment.

Video

The Forum for Global Corporate Treasury: Main Challenges Facing Corporate Treasurers - 25 May 2012

Peter van Rood, corporate director, treasury, AkzoNobel and chairman of the Forum, talks about the main issues facing corporate treasurers today with regards to FX risk.

Video

Energy and Industrials Sector: Going Back to Basics - 18 May 2012

David Aldred, EMEA energy, power, chemicals and industrials sector head, Citi Transaction Services, describes treasury activities in these diverse sectors, explaining the need for a back-to-basics approach and examining industry requirements for capex.
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Commentary

China Day: The RMB and a Treasury Case Study - 14 May 2012

The third day at EuroFinance Asia in Singapore benefited participants tremendously with insights by HSBC's Donna Kwok, Continental Automotive Holding's (CAH) Feng Hai and the other speakers. The main topic of the day was opportunities for business in China.

Video

Telecoms, Media and Technology Sector: Working Capital Management - 12 Apr 2012

Mark Tweedie, head of technology, media and telecoms, EMEA, Global Transaction Services (GTS), Citi, explains the challenges to improving working capital management in this industry sector, what effect SEPA will have, and the drivers and benefits of pre-paid cards for corporate treasurers.
in association with

Video

Treasury Activity in the Consumer and Healthcare Sectors - 12 Apr 2012

Steve Elms, head of consumer and healthcare, EMEA, Global Transaction Services, Citi, looks at how corporates in this sector are improving liquidity and risk management, comments on the uptake in supply chain finance products and highlights issues relating to cash flow forecasting.
in association with

Blog

AFP Conference 2011 Blog - 7 Nov 2011

Find out the buzz on the conference floor at AFP Annual Conference 2011 in Boston.

Blog

EuroFinance 2011 Blog - 13 Oct 2011

Follow the interesting session discussions at EuroFinance 2011 through two daily blogs.

Video

Benchmarking Treasury: What KPIs are Needed? - 11 Apr 2011

The theme that came out of the treasury benchmarking session was that the information used needed to be consistent, timely and accurate. Craig Busch, group treasurer, Worley Parsons, talks about the KPIs needed to improve the operating processes and procedures that can add real benefit to a company.

Commentary

2011 Global Corporate Treasury Awards - Shortlist - 23 Aug 2011

At a time when treasury departments are doing much more with a lot less, best practice in treasury needs to be highlighted and celebrated. The gtnews Global Corporate Treasury Awards, now in their second year, are dedicated to recognising and rewarding the very best in corporate treasury, celebrating the great and the good of the industry.

Video

Banks Versus Non-banks: Competition and Co-operation - 11 Apr 2011

Paul Stheeman, treasury consultant, sums up the panel session that looked at bank versus non-bank services, arguing that the possibility is opening up to use non-banks in areas that may not have been considered before.

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