Previous Nominations of
SFS Team Recognition Award - Second Edition
LA COE Treasury
Project Story
Note from your SFS LT nominator on why he chose your team
Stephane Paganuzzi, Global Head Treasury Mgmt & Operations
Nominating our Treasury CoE in Buenos Aires as leading example for SFS co-pilot team award came as a natural choice. The team has established over time strong collaborative standards with their internal customers, allowing them to combine business acumen with solid financial skills and operate as trusted partners. In a context of health pandemic and global economic uncertainties, where sometimes there is little time to identify solutions or opportunities, the importance of the relationship between the CoE and the affiliates became a key success factor.
Team introduction
As part of Global Corporate Treasury, we, as LA CoE, have the privilege to interact not only with the local businesses but also to engage with key players in the financial community as well as other corporates operating in the same markets. This environment gives us a unique position to optimize affiliates’ liquid assets through understanding the underlying business dynamics and external variables to foresee risks and opportunities. Given the particular and unique context in which we operate, we continuously adapt to a fast-changing environment with a constant crisis management mindset. Our team is well recognized by our internal customers for being trusted business partners, providing expert advice to management on specific projects or key business decisions and effectively form part of the extended finance management team of the affiliates we manage.
Detail on the value your work created for the business, highlighting especially the role of Co-Pilot - or going beyond business as usual - your team played to make it happen.
In the context of the pandemic, the LA affiliates faced unprecedented challenges that required agility and innovative solutions. Leveraging on already established solid networks and experience in crisis management, we played a key role in supporting our customers to assure business continuity addressing liquidity constraints, extraordinary working capital needs and challenges in cash management given the lockdowns. For example, in Argentina, our team proposed and implemented a contingency plan for collections during strict lockdown by negotiating agreements with secure transport companies for 3rd party distributors.
Under more normal circumstances, we consistently focus on being a key and reliable strategic partner to affiliates providing expert advice, proactive and sustainable solutions, with a forward-looking mindset and sense of urgency. As such, it has earned the team trust in consistently meeting the challenges presented by the ever-changing local environments. A few examples:
- In Argentina, our team has successfully implemented a set of measures to protect cash in the context of strict currency controls.
- In Central America, we drove the implementation of a “virtual bank” instead of moving the existing in-house branch, resulting not only in CAPEX saving but a more efficient process overall.
- In El Salvador, we proactively assessed and provided advice on potential impacts to the business driven by the implementation of Bitcoin as legal tender for payments.
- When it comes to the RRP business, we are actively supporting launches, facilitating local negotiations considering that global solutions are not always compatible in our region.
The essence of being a co-pilot to local management is that there is a reliance and well-earned trust built through time and constructed through always supporting the business in times of calm and especially in times of turbulence. Local FDs know they can rely on us to solve business requirements and manage situations of crisis.
Previous Nominations of
SFS Team Recognition Award - First Edition
LA COE Treasury
Project Story
Note from your SFS LT nominator on why he chose your team
Stephane Paganuzzi, Global Head Treasury Mgmt & Operations
Nominating our Treasury CoE in Buenos Aires as leading example for SFS co-pilot team award came as a natural choice. The team has established over time strong collaborative standards with their internal customers, allowing them to combine business acumen with solid financial skills and operate as trusted partners. In a context of health pandemic and global economic uncertainties, where sometimes there is little time to identify solutions or opportunities, the importance of the relationship between the CoE and the affiliates became a key success factor.
Team introduction
As part of Global Corporate Treasury, we, as LA CoE, have the privilege to interact not only with the local businesses but also to engage with key players in the financial community as well as other corporates operating in the same markets. This environment gives us a unique position to optimize affiliates’ liquid assets through understanding the underlying business dynamics and external variables to foresee risks and opportunities. Given the particular and unique context in which we operate, we continuously adapt to a fast-changing environment with a constant crisis management mindset. Our team is well recognized by our internal customers for being trusted business partners, providing expert advice to management on specific projects or key business decisions and effectively form part of the extended finance management team of the affiliates we manage.
Detail on the value your work created for the business, highlighting especially the role of Co-Pilot - or going beyond business as usual - your team played to make it happen.
In the context of the pandemic, the LA affiliates faced unprecedented challenges that required agility and innovative solutions. Leveraging on already established solid networks and experience in crisis management, we played a key role in supporting our customers to assure business continuity addressing liquidity constraints, extraordinary working capital needs and challenges in cash management given the lockdowns. For example, in Argentina, our team proposed and implemented a contingency plan for collections during strict lockdown by negotiating agreements with secure transport companies for 3rd party distributors.
Under more normal circumstances, we consistently focus on being a key and reliable strategic partner to affiliates providing expert advice, proactive and sustainable solutions, with a forward-looking mindset and sense of urgency. As such, it has earned the team trust in consistently meeting the challenges presented by the ever-changing local environments. A few examples:
- In Argentina, our team has successfully implemented a set of measures to protect cash in the context of strict currency controls.
- In Central America, we drove the implementation of a “virtual bank” instead of moving the existing in-house branch, resulting not only in CAPEX saving but a more efficient process overall.
- In El Salvador, we proactively assessed and provided advice on potential impacts to the business driven by the implementation of Bitcoin as legal tender for payments.
- When it comes to the RRP business, we are actively supporting launches, facilitating local negotiations considering that global solutions are not always compatible in our region.
The essence of being a co-pilot to local management is that there is a reliance and well-earned trust built through time and constructed through always supporting the business in times of calm and especially in times of turbulence. Local FDs know they can rely on us to solve business requirements and manage situations of crisis.
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