The ICRC is part of the Red Cross and Red Crescent movement which focuses on assistance in war zones or areas with political unrest or military conflicts. Although its treasury department is not in direct contact with beneficiaries, its work is a valuable part of ICRC humanitarian action by ensuring funds donated are available for those in need of protection.
KONE Corporation, which operates in 60 countries globally, found that implementing SWIFT enabled them to harmonise bank communications, standardise processes and improve visibility and control - as well as optimise liquidity and drive future transformation.
It might sound too good to be true, but there is a way to gain greater visibility over group cash, reduce payments fraud, and extract further value from your ERP – without migrating decentralised subsidiaries into the ERP environment. Hanse Orga Group's CEO explains the benefits of the new hybrid cloud ERP model.
Technology can undoubtedly have a transformative impact on treasury, but often this impact refers to managing existing processes more efficiently or effectively. At Worldpay, where a relatively new treasury function had to deal with enormous change, the effect truly has been transformational.
As of June 2018, Hanse Orga Group has become ‘Serrala’ – a new brand for a technology-driven world, but one that still embodies the core values that clients know and expect. As well as rebranding, the company has also launched a new cloud solution and is now offering white-labelled solutions to banks as well.
A flagship project to facilitate corporate and treasury strategy at Bombardier Transportation Group was the implementation of FIS’ Quantum 6 treasury management system. Implementation was successfully completed after a steep learning curve for the project team.
If we want to believe the hype then the treasurer’s days are numbered and we are all to be replaced by faceless, super-efficient and infallible machines producing copious and flawless results. But how much of this is true? Are treasurers slowly but surely becoming redundant?