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Centralisation and Bank Rationalisation in Central & Eastern Europe

Centralisation and Bank Rationalisation

Over the past six decades, air transport, IT and communications specialist SITA has developed a truly global portfolio of services, and prides itself on delivering solutions and services that specifically meet the needs of their members and customers globally. One result of globalisation has been a slightly fragmented approach to cash and treasury management, with a diverse spectrum of banking partners, multiple technology platforms and disparate processes.

To address this, and create a platform for future growth and efficiency, SITA launched a series of initiatives in 2008 with a view to rationalising technology, centralising financial activities, and replacing fragmented bank relationships with regional banking partners.This article outlines some aspects of these parallel initiatives, with specific focus on Central and Eastern Europe.

Key Points

  • Treasury and finance organisation
  • Efficiency through bank rationalisation
  • FSC implementation
  • Outcomes to date
  • Future plans
  • Sharing experiences

 

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Written by:

expert

Yann Guengant

SITA

Director, Corporate Treasury

This article is available as part of an extensive case studies collection: Country Focus Series

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