Treasury Transformation
Whenever corporates go through M&A transactions, there are high expectations towards Treasurers to extract significant synergies and realize scale benefits. In such challenging and time sensitive projects, Treasurers are very much focused on quick wins only, rather than a full integration of Treasury processes which lead to efficiency gains in the medium term.
We advise our clients through divestment, integration & relocation projects from the strategic assessment phase until the operational implementation of transactions. To reach the level of synergies expected by top management, buy-in on the project scope & level of integration is essential.
We have developed project plans to ensure a smooth transition & timely completion of the key milestones, which often include new Treasury Management implementations or carve-outs and updated Treasury organization and processes. We have successfully supported large global corporates in the preparation & implementation of the target banking structure, renegotiations of credit facilities, integration of hedging practices and streamlining of banking fees & payment processes.
Case Studies
- Divestment of a 15 bio USD business line of an industrial multinational company, whereby O2 Finance was responsible for the full project management between multiple locations & work streams as well as the divestment of regional cash management practices (cash pools, trade finance, local credit facilities, banking fees & payment methods).
- Merger between 2 industrial multinational companies, whereby O2 Finance was in charge of the global bank structure alignment & integration. We mapped out the current practices of both companies, built and implemented a project plan for the cash management & banking landscape to ensure aligned credit conditions, bank account structure, payment tools & cash pool integration.
- Relocation of a Belgian treasury center abroad whereby day 1 operational readiness had to be ensured in a short timeframe. O2 Finance provided project management services and worked on the transactional banking set-up & the continuity of the treasury day-to-day activities (treasury team, operational processes, systems, accounting, payments).
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Commodity Risk Management
We advise large corporates in the identification and quantification of commodity exposures (gas, metal, wheat…) in close cooperation with Business, Procurement and Treasury. We help define new Commodity Risk Management strategies, and in the selection and implementation of commodity risk management organisations and systems.
Financial Risk Management
We advise Treasurers in the assessment of financial risks (FX, Interest Rate, Credit…) and in the definition and implementation of comprehensive risk management strategies, policies, systems and processes.
Treasury Systems
We are system agnostic and assist CFO’s and Treasurers in the selection and implementation of a variety of Treasury Management Systems (TMS), including SAP TRM, Kyriba, FIS Integrity & Quantum.
Treasury Strategy & Policies
We assist corporates rethink their Treasury Policies and Risk Management strategies by providing fresh insights and cross-sector expertise. We simplify risk management, align strategies with evolving business needs, and facilitate peer learning.
Financial Instruments Accounting & Internal Controls
Olivier Cattoor is a renowned expert in IFRS 9 with an extensive knowledge in Local European and US GAAP accounting frameworks. He has assisted many corporates and Financial Institutions with the optimization of financial instruments accounting including hedge accounting.
Debt & Capital Markets
We advise corporates in their financing projects (corporate or project financing) and assist multinational companies in raising debt, negotiating credit facilities and accessing capital markets.
Cash Management
We provide assistance in the set-up of cash management structures from design definition to bank selection and system/process implementation.
Treasury Interim Management/Staffing
Our team includes consultants and ex-Treasurers experienced in the delivery of interim Treasury management and staffing assignments (from interim Treasurer to Dealing and Back Office).
Financial institutions support (IFRS 9 & BEGAAP)
We advise Financial Institutions' ALM teams, Asset Managers & Treasurers in the area of financial instruments accounting and hedge accounting (BEGAAP, IFRS 9, US GAAP ASC 815).
