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Building a Treasury Function to Support Business Growth

Treasury Management Function

Celio has experienced impressive growth in recent years both through organic expansion and acquisition, leading to an increase in the complexity of its financial activities.

In this article, Suzanne Hosmans, Group Treasurer explains how she established a new cash and treasury management function to support the company’s current and future international strategy.

Key Points

  • When Celio’s new group treasurer joined the company most treasury processes were conducted manually
  • It was decided to disconnect treasury from the accounting operation, to implement a TMS, to join SWIFT and to rationalise the company’s banking relationships
  • PwC was chosen to support the bank migration and system selection
  • After two and half years the overall project has been very successful and the author outlines the next steps the company is now contemplating

 

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Written by:

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Suzanne Hosmans

Celio International

Group Treasurer

This article is available as part of an extensive case studies collection: Financial Technology Series

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Corporate Case Studies

Best practice articles written by CFOs and treasurers with real world experiences. Our case studies provide practical insights into the key issues that affect the day-to-day running of a treasury department.

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