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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.