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.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
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.