Leveraging Transformation to Enhance Treasury’s Value Proposition
by Jan-Martin Nufer, Director Treasury & Funding, Borealis Group, Austria
In the October 2014 edition of TMI, Jan-Martin Nufer, Director of Treasury & Funding at Borealis, introduced the company’s treasury transformation project, which included insourcing treasury operations from a bank agency treasury. This involved redefining treasury technology, building talent and competences, developing a flexible organisational framework to integrate acquisitions, and firmly establishing a culture of constant improvement. As a result of excellent reader feedback from this article, Borealis was awarded the 2014 TMI Corporate Recognition Award for Innovation and Excellence in Treasury Transformation. In this article, Jan-Martin discusses some of the factors that have contributed to the evolving design and responsibilities of Borealis’ treasury organisation.