by Andreas Lützelschwab, Head of Corporate Finance, Treasury & Tax, Swissgrid AG
National grid company Swissgrid was faced with the challenge familiar to many treasury departments: multiple bank connections and standards, and lack of process automation. To overcome these issues, Swissgrid appointed Treasury Intelligence Solutions GmbH (TIS) to support its automation, integration and security objectives, as the company’s Head of Corporate Finance, Treasury & Tax outlines in this article.
Treasury organisation and priorities
We have a small treasury function at Swissgrid comprising three people in front and middle office, and two people with back office responsibility. We work with five house banks, and maintain around 70 bank accounts. We use SAP as our ERP across the business, which includes the TR (Transaction Manager) and CFM (Corporate Finance Management) modules.