Full Outsourcing of Treasury Operations

Client Profile:     European Headquartered company operating in the pharma sector with 3,600 employees and operating on a global basis.

Client Problem:  This company was formed as a result of a spin off and need a robust treasury solution to manage all daily treasury operations including funding, cash management, FX risk management, cash forecasting and netting.  Importantly the solution needed to be fully implemented within a short timeframe and cost effective.

FTI Treasury Solution:       FTI implemented a full operational treasury solution for this client including system, front office dealing services, back office services and fully integrated accounting and reporting services. This structure was fully operational within 12 weeks facilitating the successful spin off of the company within agreed timeframes.

                              For this solution, FTI reports to a very small strategic treasury team located at the Headquarters of the client.  FTI Treasury is responsible for all of the treasury operations and manages all cash flows, intercompany loans, FX risk and funding flows for the client.  All of this is supported by our treasury systems infrastructure.

                              Our solution has removed the requirement for this client to have front, middle and back office teams with an associated estimated saving of 9 FTE’s. This coupled with the expert resources available to the client and the use of dedicated treasury systems results in a best un class treasury structure at a fraction of the cost of maintaining this in-house.