Sector of activity: Logistics
Context
- The Group was sold by its long-standing shareholder (CAC 40)
- Management had to become autonomous in a few weeks to manage all cash related matters in 37 countries
Our mission
- Support for the definition of the target organization’s Treasury function (team, principal missions, anchoring within the Finance Department, functional and geographical responsibilities, etc.)
- Definition and implementation of cash management tools (cash management system, cash reporting, net debt report, cash forecast, etc.)
- Definition of cash flow system within the new autonomous Group
- Implementation of centralization of cash and cash equivalents at HQ
- Rationalization of bank flows and bank charges
Results
- Within weeks, the Management was able to ensure efficient management of the Group’s cash and cash equivalents
Key success factors
Assignment led by a team of Treasurers
Extensive specialized experience
Shortened response time
The management was able to rapidly acquire the ‘Best Practices’ for cash management
Within weeks, the group became autonomous in a technical and entirely new field