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Treasury Automation

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Strategic Treasurer
500 Westpark Drive, Suite 110 Peachtree City, GA 30269
Main Office: +1 678.466-2220
Email: Info@StrategicTreasurer.com

 

Treasury Vision, Strategic Planning and Automation

Industry:

Global Apparel Corporation ($5B-10B revenue)

Situation:

The parent company planned to spin off multiple segments of their business into a standalone organization. The new organization would have substantial North American and global operations and combine all apparel components of the predecessor firm. The Treasurer was hired and needed to create and staff a new department and nearly everything else related to treasury from a blank piece of paper. The 'everything else' included: department scope, vision and goals; new organization structure; re-formed treasury and cash management processes; transitional banking structure and completely new treasury systems. The new company needed to be operational in less than nine months. This required a strategic roadmap and the ability to execute on a plan of action rapidly.

Issues included:

 

• The staff performing treasury activities were dispersed and fractionally focused – Needed to quickly assess what internal and external resources were needed.
• Processes were decentralized and the shared service center needed to be broken apart
• Treasury systems didn't exist or weren't appropriate for the new organization
• Changes in forming roles required a flexible yet clear vision for treasury
• Visibility to global cash, debt, and risk management was a definite requirement
• Treasury processes needed to be well automated and in a brief period of time Solutions: Strategic Treasurer collaborated with the client to form their vision, build the staffing structure and future design of treasury controls and processes. They were asked to help execute the plans. Deliverables included:
• Designed Current and Future State diagrams (information, processes)
• Selection/Implementation of a treasury workstation and risk system
• Implemented controls around accounting and risk management activities
• Developed treasury framework and polices for debt, investment and risk Results: The client was well satisfied with Strategic Treasurer's approach, depth of understanding and industry knowledge. Technology implemented: Treasury Workstation (ASP) and Risk Management System (ASP). The benefits gained include:
• Efficient treasury organization
• Global visibility of all cash, debt/investment, and risk activities
• Efficient processes, systems, and the right staff
• Effective banking partners and bank relationship plan
• Having appropriate technology that meets current and future needs ...then the Treasurer was asked to take over the global credit and collections groups.

Solutions:

Strategic Treasurer collaborated with the client to form their vision, build the staffing structure and future design of treasury controls and processes. They were asked to help execute the plans. Deliverables included:

 

• Designed Current and Future State diagrams (information, processes)
• Selection/Implementation of a treasury workstation and risk system
• Implemented controls around accounting and risk management activities
• Developed treasury framework and polices for debt, investment and risk

Results:

The client was well satisfied with Strategic Treasurer's approach, depth of understanding and industry knowledge. Technology implemented: Treasury Workstation (ASP) and Risk Management System (ASP). The benefits gained include:

 

• Efficient treasury organization
• Global visibility of all cash, debt/investment, and risk activities
• Efficient processes, systems, and the right staff
• Effective banking partners and bank relationship plan
• Having appropriate technology that meets current and future needs

 

...then the Treasurer was asked to take over the global credit and collections groups.

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