With two centuries of technology innovation under its belt, Norway’s Kongsberg went through one of its largest transitions ever as it acquired the commercial marine activities of Rolls-Royce in 2018–19. At that time, the combined business was using 3.7 billion NOK in cash to run its activities.
Consolidating it core banks brought it down to 2.5 billion, then the implementation of a global multi-currency notional pool helped it come down to 1.5 billion.
In the PostTrade 360° conference in Malmö on Thursday, Morten Kristiansen, Cash Manager, Kongsberg, was joined on stage by Johan Fagerström, Head of Payments Nordics, J.P.Morgan.
• News around Treasury 360° Nordic 2023, on 20 April, is gathered here.
• The conference info site, with detailed agenda, is here.
• For post-event access to recorded sessions, our video list will grow here.
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