October 2020 5 Min Read
By adopting an innovative physical cash pooling solution Aspen Pharmacare, in partnership with BNP Paribas, has unleashed a host of improvements – from interest cost savings to simplifying the reconciliations process. Here’s how the teams achieved this joint...
June 2020 10 Min Read
On 11 February 2020, the Organisation for Economic Co-operation and Development (OECD) published, as part of its Base Erosion and Profit Shifting (BEPS) project, the final guidance on transfer pricing aspects of intercompany financial transactions (the Report). For the...
May 2020 7 Min Read
Having money sitting in bank accounts is often the expensive result of a company’s inability to forecast its cash flows. It is time for treasurers to think again about this ‘unproductive asset’ and look for ways to measure – and improve – treasury’s...
January 2020 5 Min Read
Deutsche Bank has consistently differentiated itself from other transaction banks by driving industry initiatives and new client solutions. In 2019, the bank helped corporate treasurers to embrace real-time treasury operations and worked with industry bodies towards...
January 2020 6 Min Read
When treasury at DAB Group in Italy needed to refresh its cash management structure, it turned to Banca Nazionale del Lavoro (BNL), part of BNP Paribas Group, to provide much-needed visibility and control. Here, Francesca Salmazza, Accounting Shared Services Officer...
October 2019 11 Min Read
Despite huge advances in technology, treasurers are still grappling with fundamental issues in their everyday workflows. Buzzwords alone are not enough to solve challenges such as painful account opening processes or the growing risk of payments fraud. This is why BNP...
January 2019 3 Min Read
Ingram Micro was looking to set up a global notional cash pool that would give treasury the flexibility to move funds between entities without intercompany loans. While the obvious solution may have been to centralise...
January 2019 6 Min Read
A treasury manager is key to the growth and financial success of a business. It is their responsibility to build a banking structure that enables the business to operate with a minimum of idle cash, to aggregate its liquid funds around the globe, to take the...
January 2019 8 Min Read
Specialising in providing pedestrian and vehicle access automation systems, FAAC Group has operations and customers all over the world. As a result of this global footprint and legacy banking arrangements, the group’s cash management landscape was fragmented. Here,...
December 2018 7 Min Read
Building a European treasury hub from scratch is no mean feat – especially when you are aiming to take efficiency gains to a whole new level. Here, Christian Fraisl, Head of Accounting, VAT & Treasury and Regional Compliance & Ethics Officer, Aspen...
October 2018 14 Min Read
What would be the correct price (i.e., the arm’s length transaction) of a cash transaction under BEPS (Base Erosion Profit Shifting) Actions 8-10? That’s a key question which every treasurer of an international group needs to address. The right answer is far from...
September 2018 7 Min Read
Spanish-based hotel group, NH Hotel Group, was operating a manual, decentralised treasury structure, which was hampering cash visibility and control. Here, Luis Martínez Jurado, SVP Financing & Treasury, NH Hotel Group and Máximo Sanz, Senior Cash Management...
