Recticel Selects Globe$ as Treasury Workstation

The Brussels based co-ordination centre of the Recticel Group has chosen Globe$ as its new cash and treasury management software. The system will be fully integrated with Recticel’s SAP application for forecasting and accounting and will be linked to other XRT-CERG products such as multi-banking payment systems. Recticel’s Co-ordination Centre (CC) plays a key role in the group’s financial management. Its major objectives are to manage financial debt, interest and exchange rate risks, while co-ordinating corporate finance and tax management. The co-ordination centre also manages the group’s cash resources through cash pooling and netting arrangements between group members.


Related reading