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A Local Approach to Treasury Efficiency

by Ludovic A. Pech, Chief Financial Officer, Orange Romania S.A.

While many companies have sought to centralise their cash and treasury operations in recent years, companies such as France Télécom have adopted a more bespoke approach according to the specific needs of the business. Local and regional/global treasury centres collaborate closely to leverage the strength of a centralised treasury technology, advisory and policy framework, whilst maintaining some operations and expertise at a local level to respond quickly and effectively to local market conditions and manage specific cash and treasury management activities. In this article, Ludovic Pech, CFO at Orange Romania, outlines the experiences of a major local finance centre in the France Télécom group.