Embracing the IBOR change

LyondellBasell – Business Case

LyondellBasell, headquartered in the Netherlands, is one of the largest plastics, chemicals and refining companies in the world. With its global presence and significant operations in the United States, the company has been affected by the IBOR reform. The Treasury team was well aware of this impact and proactively approached the transition away from the IBOR rates in order to be ready ahead of time.

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How Royal FloraHolland grew a global cash management bank relationship from scratch

In a changing global floriculture market, Royal FloraHolland created a new digital platform where buyers and growers can connect internationally. As part of its strategy to offer better international payment solutions, the cooperative of flower growers decided to look for an international cash management bank.

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MODEC’s step to an automated FX hedging process

MODEC, the world’s largest independent operator of offshore floating production systems for the oil and gas industry, was managing its foreign exchange (FX) hedging process manually. In 2020, the company decided to automate this process, successfully reducing the time spent on it from three days to within one day.

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BAT’s journey to automating the short-term cash flow forecasting process

Similar to other companies using an Excel spreadsheet for their daily cash position and short-term cash flow forecast, British American Tobacco (BAT) had a small team focusing on short term cash flow forecasting for over 200 business units. Since most of the processes (AP, AR, treasury deals, bank statements) were already in SAP ECC, cash management relevant data was underutilised. Therefore, the tobacco company decided to engage into a short-term cash flow forecasting automation process project. Cash Flow Analyser together with several standard and bespoke Fiori apps were selected as the preferred option for daily cash position and short-term forecast.

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Sulzer’s new market data platform

Sulzer was looking for a cloud platform to collect its market data. The Swiss company decided to use Zanders’ market data platform to bridge the source systems and target systems. The new data system now takes care of the storage, conversion and application of data needed for treasury, to determine the rates for its loans, forwards or swaps.

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