Cash & Liquidity Management
Published  6 MIN READ
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Transforming European Cash Management at Estée Lauder Companies

Transforming European Cash Management at Estée Lauder Companies

by Bart Taeymans, Executive Director, International Treasury Centre, the Estée Lauder Companies Inc. and Hugh Davies, Director, Zanders Treasury & Finance Solutions

Estée Lauder has established a global reputation for high quality, premium beauty products, but the group’s commitment to quality and excellence applies across the full reach of its activities. Treasury is no exception. As Bart Taeymans, Executive Director of the International Treasury Centre for the Estée Lauder Companies Inc., and Hugh Davies, Director of Zanders Treasury & Finance Solutions outline in this article, a series of projects has resulted in a highly efficient cash management organisation that also forms the foundation for future innovations.

Treasury organisation

As a professional treasury department that acts as a service function to the group, our aim is to create incremental value for the company and our shareholders in whatever we do. This includes implementing efficient, best in class processes, reporting and systems, providing sophisticated analytics and insightful thought leadership, and acting as an expert business partner to the organisation. We have a centralised treasury organisation with treasury centres located in the United States and Belgium. Our corporate team in the United States is responsible for US cash management, capital markets, pensions, insurance and a range of other activities. Our international treasury centre in Belgium manages global cash (outside the US) and risk management.