With subsidiaries all over the world, ASICS wanted to standardize and make its treasury operations more efficient. To optimize its treasury function, ASICS Europe (AEB) decided to implement the SAP Treasury and Risk Management module in 2017. With this came the decision to set up a new company code to separate ASICS Europe’s treasury activities from its commercial activities. Apart from the pros, it raised new challenges too.
GlobalCollect transfers to SWIFT Alliance Lite2 for Corporates
A transfer to a new system is usually a complicated and time-consuming process. This rings particularly true for a company like GlobalCollect, which processes hundreds of thousands of online transactions for banks all over the world on a daily basis. How did this payment service provider (PSP) tackle the complicated challenge of adopting SWIFT as its new system?
Sulzer realigns its corporate treasury to support business expansion
Expansion into new markets brings challenges on many levels, not least of all financially. When Sulzer, a leading provider of products and solutions in markets such as oil and gas, power, water, and transportation, decided that it needed best-practice treasury and cash management processes to support the developing business operations, the two-pronged treasury project required some external help. Zanders was able to advise on and facilitate a European cash concentration structure and a TMS implementation project.
TP Vision separated TV business from Philips
TP Vision took over Philips’ TV business on 1st April, 2012. The joint venture, with Chinese/Taiwanese TPV and Dutch Philips as stakeholders, has taken many important steps since then to create a healthy and profitable TV company. The transformation process brought a lot of changes, including many for the finance department.
How WPP managed its diverse regional needs to select a new TMS and a Swift connection
WPP has treasury operations on three continents and each center has its own individual needs. The company needed to devise a request for proposals (RFP) for implementing a new treasury management system (TMS) and Swift-based bank communication that would serve the diverse needs of each regional offi ce. Zanders worked on this project from an early stage, helping WPP to write a cohesive RFP and providing objective advice at the selection stage.