An Interview with Sofia Meneses, Corporate Finance Director, Logoplaste
How has the role of treasury changed at Logoplaste, and what has this meant in practice?
The role of treasury in Logoplaste has not stopped expanding, really through necessity, in view of demanding clients (providing plastic packaging to the largest FMCG multinationals), the strong geographical expansion of the group and constant regulatory and market movements.
We feel the treasury function is increasingly playing a more central and visible role in the corporation, namely in the decision making process.
Treasury had to evolve from a ‘back-office’ traditionally focused function (e.g., AR and AP) to a significantly strategic role, assisting the board in deciding on what to invest (what projects/plants), on how to raise the funds to do so and on how to control all the financial risks in the organisation.
What are the technology implications of treasury becoming a strategic advisor to the business?
Treasury needs to ensure that it fulfils this new wide ranging and strategic function, and, for that, it is crucial to react immediately to the challenges of a new ever-changing world. Naturally, technology plays a fundamental role in this expanded function.