Currency management is only one of the key issues for Wacker Neuson’s treasury. Reliable, secure payments are the top priority of the groups treasurer. Wacker Neuson never publishes the signatures of any of their management in external publications to avoid making it that bit easier for potential fraudsters to scan them and forge checks or payment slips and generally avoids paper-based payments wherever legally possible. At Wacker Neuson, 90% of group-wide payments are covered by one single platform, giving treasury nearly full control of all outgoing payments in the group.
Using spreadsheets is no longer a viable or suitable option for the treasury of a business that has grown so dynamically and operates globally, with 90 subsidiaries in over 110 countries.
Achieving efficient and optimized working capital management is a key area of responsibility for Dussmann’s treasury team.
In this case study, the group treasurer of South Africa’s Imperial Group describes the generic and specific challenges of its treasury environment, and how an integrated team works together to achieve best practice treasury and risk management results.
This month’s meeting of the financial planning and analysis (FP&A) board of senior practitioners in London discussed the pros and cons of rolling forecasting, how best to introduce it and heard a case study from Maersk Group about how the shipping, transport and oil firm has benefitted.