Treasury Take: The power of centralization

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Wells Fargo Global Treasury Management

Treasury Take

A collection of Global Treasury management videos featuring client business leaders sharing knowledge, experience, insights and strategies.

Managing liquidity in uncertain times

The power of centralization

Donna Fitzmaurice
Product Management Director
Wells Fargo Global Treasury Management

Steve Mastin
Vice President of Finance
TEAM Services Group

Donna Fitzmaurice: Liquidity management requires to be on the ready in uncertain times. My name is Donna Fitzmaurice and I’m joined here today with Steve Mastin, VP of Finance at TEAM Services Group. Steve, thanks for joining me today.

Steve Mastin: Thanks for having me.

Back to Donna: Let’s talk about the power of centralization. How have you tackled that within TEAMS?

Back to Steve: This is one of my favorite topics. The first thing that you have to do is get everybody on the same general ledger system So, that you can compare an apple to being an apple to being an apple across all your brands and across all your subsidiaries. The next thing is it’s important to have all your cash in one spot. And, what that means, is selecting one bank, in this case we chose Wells, and getting visibility into working capital. Those two simple things really unlock the whole power of centralization.

Back to Donna: Absolutely, centralization visibility recipes for success. Thanks for joining me today.

Back to Steve: Thanks for having me.

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