by Benoit Desserre, Global Head of Payments & Cash Management, Societe Generale
With corporations of all sizes seeking to expand their global footprint, it is becoming increasingly challenging for treasurers to achieve compliance with local market practices, regulatory compliance, and payments and collections culture in each market. At the same time, treasurers are seeking to support the liquidity and risk management requirements of the group. With these potentially conflicting requirements, it becomes critical for corporations to work with banks that bring local expertise, insights and depth of presence, combined with sophisticated cross-border liquidity and risk solutions, across the countries in which they do business. To address these growing challenges, Societe Generale has developed the breadth and depth of network capacity, and customer-centric solutions to meet clients’ strategic growth objectives.
Aligning strategy with client demand
We structure our client relationships and cash and treasury management around four basic principles as follows:
Integration – a priority for treasurers is that they can access cohesive solutions across the countries in which they operate, avoiding fragmentation of liquidity and facilitating economies of scale in payments and collections processing. These solutions need to be straightforward and transparent so that senior management have confidence in treasury information and processes.