In last week’s article, we looked at the reason why almost 50% of finance and treasury professionals continue to experience difficulties with cash flow forecasting. An over-reliance on traditional spreadsheeting contributes heavily to these challenges with its opaque construction, vulnerable exposure to human error, and...
A recent Analyste cash management survey showed that 43 percent of respondents continue to experience issues with their cash flow forecasting. Unsurprisingly, more than half of the market still use spreadsheets to execute this business-critical function. The million-dollar question is, why?
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.