Editor’s Note: For this installment of our multi-part blog series, profiling CFOs who are leveraging treasury to drive strategic change in their organizations, we focus on Douglas Bettinger, CFO of Lam Research, a leading chip manufacturer. Douglas talks about how his treasury team is a business enabler, especially in areas of cash generation, to help drive growth for the organization.
Crown World Mobility, a leading global talent programs management company based in Hong Kong, collaborated with Kyriba to overhaul its outsourced expense payments and treasury solutions – resulting in major cost savings and productivity gains.
Previously, the company’s payments were executed largely through manual processes based on spreadsheets and web-based electronic banking systems. This arrangement brought risk and compliance challenges, while lacking the scalability needed to meet client demand.
A treasury management system (TMS) can bring numerous significant improvements to your treasury, such as automating manual processes, reducing fraud risk and elevating the strategic function of the team to optimize working capital. But before you can bring these benefits to your team and the organization as a whole, you will first need to implement the new system.