WIELTEC has performed a customised scan on the treasury processes, procedures and structures of VERDER INTERNATIONAL, a group of international trading and manufacturing companies.
The focus was on four topics:
Optimal bank structure
Fewer bank accounts with fewer banks, focus on house banks and better control over the bank accounts and (SEPA) payments.
Financing and bank payments
Standard intercompany loan documentation, guidelines for payments in foreign currency and a standard procedure for bank account opening and closing.
FX exposure
Assess, measure and manage the FX exposure of VERDER INTERNATIONAL. Develop and implement a standard reporting format.
Treasury policy
WIELTEC has delivered a strategic & operational treasury plan covering the next 36 months, which has the full support of the board.
What makes WIELTEC advisory special?
- Proven track record in finance and treasury
- Shares best practices
- Benchmarks your treasury with peers
- Invites you to share your knowledge