Royal FrieslandCampina is one of the world’s largest dairy companies; a cooperative with more than 18,000 member farmers in the Netherlands, Germany and Belgium. Five years ago, its corporate treasury team initiated a journey from corporate policy maker towards a strategic and pro-active corporate treasury department. With a centralised operations team as part of a new organisational set-up. The purpose of this change was to gain global insight and control of the company’s cash and support the basic treasury functions in the shared service centers. The first step was the implementation of a centralised payments hub that supported the standardisation of the global payments processes. After one of the main cash management banks announced its termination of the global cash mana

Join for free to read