Treasury Function Build
client:
Major National Multi-Service Business
Role:
Treasury Manager + Full Treasury Team Build
Type:
Interim
Context
Following a strategic finance review, the CFO recognised the need to consolidate a fragmented banking and cash management structure. Treasury responsibilities were dispersed across different companies, with little cohesion or visibility across the business. There was no central oversight function, limited internal buy-in, and costly inefficiencies in both systems and vendor contracts.
Challenges
- High banking costs and excessive reliance on multiple covenants
- Legacy systems lacking integration, stability, and automation
- Absence of a clear Treasury strategy or executive support
- Difficulty engaging HR and senior leadership on the business case
Solution
Keeper was retained to help define the Treasury function and lead the build. We market-mapped the sector and initially placed a high-calibre Treasury Manager on an interim basis to lead the design of the function and secure early wins. Over time, we further contract supports within the team including two Senior Treasury Analysts and an Investment Accountant.
Outcome
Within six months, the Treasury function was fully operationalised. Results included:
- Centralised banking leading to significant cost reduction
- Consolidated vendor management and renegotiated contracts
- Material time savings via automation and integration with shared services
- Organisation-wide confidence in Treasury as a strategic partner
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