Coprocess UGM 2016, Vignesh Chandrasekar, Director – Treasury Operations, McCain Foods Global Treasury
McCain: Founded in 1956 and still 100% owned by the McCain family, McCain employs 18,000+ and is the world's largest producer of potato products.
With a fully centralized treasury and running an In-House Bank (IHB) managing the finance for the group with 52 factories and selling to 120 countries, in no problem for McCain Treasury.
Learn:
- how McCain manages all intercompany payments, includes 3rd party vendor payments in a POBO structure and FX hedge settlements via multilateral netting
- Interfacing to SAP to extract invoices
- How Back & Middle office is outsourced and integrated with McCain's Treasury operations
- Plans for the future
