Chinese multinational Sany is the world's sixth largest heavy machinery manufacturer. In this article Yaling Zhang, CFO describes some initiatives their treasury function implemented to manage the company’s rapid international growth and support its future success.
One of the biggest challenges facing treasurers is that managing FX risk is only one element of their role and as such, they need to balance the time and resource required to manage FX alongside other key responsibilities such as cash management and funding.
Developing a higher level of working capital competence sounds relatively simple, but the execution can be quite complex. From the warehouse to the sales desk, from procurement to finance, everybody needs to work together to achieve a common working capital goal.