ENSURE CLEAR RULES IN YOUR TREASURY.
Treasury is not laissez faire, but requires clear guidelines and specifications. Secure processes are not only in the interest of the company, but also of the employees. Especially in smaller treasury departments, a strict separation of functions is difficult to implement, which is why flexible solutions are required to ensure a consistent dual control principle. The selected set-up must then be recorded in appropriate guidelines and communicated to the organization.
We help to formulate a suitable set of rules and to check compliance with them. In doing so, we also pay attention to a balance between process efficiency and bureaucracy.
CLEAR RULES - GOOD FINANCIAL MANAGEMENT
Many well-known companies have developed and implemented their treasury organizational and process structures with our support. The starting point for this is always the degree of centralization / the scope of functions, the available resources, and the type and scope of system support. The resulting guidelines must reflect the specifics of the respective company and business model and actually be practicable. No one is served by theoretical sets of rules that are not implemented in practice.
In order not to move with the times, you have to move with the times. Even the most well thought-out set of rules requires ongoing updates and adjustments. For the good of data and cybersecurity alone, every company should review and update its treasury rules at regular intervals.
No arbitrariness of the central treasury
The rapid growth of the Munich-based agricultural trader required uniform regulations for banking policy as well as cash and risk management. SLG supported with conception and implementation.
Establishment of a central treasury function to professionalize financial management and increase transparency and cost savings in an internationally operating group of companies.