Thomas Cook, the travel and leisure group, has selected XRT’s Globe$. Globe$ will replace a number of existing systems throughout Thomas Cook, connecting local offices to headquarters. By implementing XRT’s Globe$, Thomas Cook aims to secure corporate liquidity and improve forecasting, minimise financial risk and improve its corporate financing structure. The need for a clearer view of its cash position and improved forecasting is central to the company’s decision to implement the system. As Heiko Gerhard Ries, head of group cash management at Thomas Cook, explains: “One of the main objectives of any corporate treasury is to secure corporate liquidity, and to ensure that sufficient funds are available for all payment transactions. With operations in so many locations, it is imperative that we have a very clear view of our financial position at all times, both to ensure short-term liquidity and for longer term planning and forecasting.” Thomas Cook has headquarters in Oberursel, near Frankfurt, Germany, where its central treasury is located. In addition to its corporate treasury, it has large regional treasuries in the UK and Belgium
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more