Frederic Marret, Group CFO, Webcor Group

Increasing Visibility Can Result In Unexpected Benefits

  • A TMS can provide visibility into your current and future currency exposure, enabling you to manage your risk forward by managing your spot and forward foreign exchange.
  • A TMS can measurably reduce currency risk, help reduce idle cash, and improve many operational efficiencies such as speeding up bank reconciliations.

“It’s not just about the visibility, it’s what you do with this data that matters.”

As a group CFO in the process of modernizing the treasury operation of Webcor Group, a multinational food distribution business, one key benefit that Frédéric Marret sees in a treasury management system (TMS) is the ability to receive global bank data, allowing for better visibility into group cash. “There is often a misconception that the group team and the local teams are independent. Having the flow of the same information to a centralised system helps bridge the gap,” Marret said.

This is an excerpt from The CFO Perspective – The Strategic Value of Treasury. The eBook was generously sponsored by Kyriba.

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