Scaling Up!

Creating a Treasury Function from Scratch

Living by the observation of Brazilian novelist Paul Coelho: “If you think adventure is dangerous, try routine. It is deadly.”, Anne Catherine Sailley has left big business and ventured into the brave new world of a tech scaleup. Here, the Group Treasury Manager, Ogury, shares her to-do list for the first three months in her exciting role.

After spending 12 years as the EMEA treasury manager of a US-listed manufacturing company, I decided to take on a fresh challenge: the creation of treasury function from scratch for a UK scaleup in the tech sector.

For those who aren’t familiar with the term ‘scaleup’ it is essentially a successful startup that has entered a growth phase. A scaleup generally aims to continue its development and expand its market, notably through strong international ambitions. At this stage of a company’s life cycle the creation of a treasury function can help the organisation to face new challenges in a dynamic global environment.

In this article, I will share this journey with you – the highs, the challenges, the opportunities, and the lessons learned. We will examine how the culture and the nature of the business itself impact ways of working, and we will explore the creation of a new treasury function in such rapidly changing conditions.

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