The Next Treasury Chapter at HeidelbergCement

In 2014, David Flory, Head of Group Cash Management at HeidelbergCement, discussed the evolution of the company’s cash pooling strategy. This is a particularly complex undertaking as cement, aggregates and ready-mixed concrete production take place within close proximity to customers, leading to diverse payment and collection requirements across a wide diversity of often remote locations […]

Cash Pooling Past, Present and Future

Cash Pooling Past, Present and Future by David Flory, Head of Group Cash Management, HeidelbergCement HeidelbergCement has a centralised group treasury function based in Germany comprising 14 professionals across front, middle, back office and cash management. With a flat hierarchy and a direct report to the Group CFO, the department is able to be highly […]