Being local globally is reality for Finland’s elevator-making giant Kone, delivering 500 elevators a day around the world. Yet a tougher central grip on the group’s cash and banking has proven successful, group treasurer Sirkku Markula told the delegates at Treasury 360 Helsinki.
A home-styled ”payment factory” became the answer as Sweden’s steel giant was becoming ever-more global. Kati Vellinki, group cash manager of Swedish steel maker SSAB presented her account of the change process at Treasury 360 Stockholm.
Finland’s treasury Software-as-a-Service veteran Analyste continues its journey by taking on international expansion – backed by investment firm Verdane who stepped in as owner last year. A recent contract with Sweden’s Kommuninvest was one important step.
A look at the current top stories with US-based news site Treasury & Risk shows how the work at corporate treasuries has shifted drastically this summer – to make the most out of plummeting borrowing costs.