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Leveraging Technology to Become a ‘Smart Treasury’

Becoming a Smart Treasury

Evolving business needs led A Schulman to embark upon an ambitious treasury centralisation project. Discover how their treasury department achieved best-in-class processes and decision-making to become a key partner to the business.

Key Points

  • In 2014 A. Schulman decided to embark on a global treasury transformation to support the company’s evolving business needs
  • Kyriba was chosen to replace the existing TMS
  • Cash management banks were rationalised from around 30 globally to three, and cash pooling and an in-house bank were implemented
  • The article outlines the factors contributing to the substantial advantages the company has gained from the treasury transformation project



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Written by:

expert

Nicolas Tusseau

A. Schulman

This article is available as part of an extensive case studies collection: Strategic Treasury 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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