Logitech International has mandated Citigroup, through its global transaction services unit, to handle its cash management operations globally. Citi will consolidate Logitech’s operations into a multi-currency global account structure across 39 countries.
The integrated solution will seamlessly connect with Logitech’s enterprise resource planning (ERP) environment and will allow Logitech to gain efficiency for suppliers, employees and tax payments and maximise visibility into Logitech’s global cash pooling structures.
“Our business spans across North America, western, central and eastern Europe, Asia, and parts of Latin America. Consolidating multiple global, regional, and local banking relationships to one banking partner allows us to streamline our account structure and reduce cost while managing our cash position with increased transparency and visibility,” said Joe Greenhalgh, vice president investor relations and treasury at Logitech.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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