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Pioneering Bank Communication and Process Automation

by Laurent Guillouet,  Head of Back Office and Cash Management,  ArcelorMittal

Leading steel and mining company, ArcelorMittal, which has a market presence in more than 60 countries globally, has a culture of quality and innovation that extends across the business, including its treasury and finance processes. As a result, ArcelorMittal was as an early adopter of SWIFT, and is now working with partner banks to take the next steps in achieving harmonised, streamlined, automated financial processing. In this article, Laurent Guillouet, Head of Back Office and Cash Management, discusses treasury’s experiences so far and expectations for the future, in collaboration with Jérôme Cavaliero, Head of Cash Management France, UniCredit.

Treasury organisation

Our treasury function is organised on two levels: firstly, treasury departments within each business unit, and secondly, our group treasury division. Business unit finance and treasury teams manage day-to-day cash management activities, and connect to treasury for financing, investment, market risk hedging (e.g., FX, commodities etc.) and cash pooling.

At group treasury, we manage all centralised treasury activities, such as global financing, liquidity and risk management. We connect to our business unit treasuries through a sophisticated intranet-based solution that allows them to request or offer cash, which are then managed automatically through our treasury management system (TMS).