CFOs, treasurers, and controllers have come to terms with the reality of the volatile landscape facing their companies. To address problems in cash management efficiency, accuracy, and flexibility, they’ll need to implement a technology solution that excels in centralization, optimization, flexibility, and insight.
MG, the parent company to Australian dairy producer Devondale, turned toSAP’s treasury and financial risk management solutionsto help bring its business into the new millennium. MG’s objectives were to: eliminate manual procedures to boost efficiency; centralize office of finance and treasury processes; boost efficient utilization of its staff; and enhance its ability to accurately predict future challenges.
As a result, MG is now able to perform real-time, centralized position management and reporting; its treasury and finance processes are standardized and preconfigured to maximize efficiency; its functions are now highly automated, reducing FTEs and overall treasury costs; and it has greater control of its data than ever before, maximizing information security.