31
CSCL’s treasury therefore decided to expand
the relationship with Citi to implement
TreasuryVision
®
, including its cash flow
forecasting module, the first company in
mainland China to do so. The solution covers
accounts with Citi globally, including accounts
held with third-party banks during subsequent
project phases. Not only does TreasuryVision
®
support CSCL’s cash visibility and forecasting
objectives, the solution was more cost-effective
than treasury management or ERP solutions.
By implementing TreasuryVision
®
, CSCL now
has timely, accurate and complete visibility over
its cash positions and fund movements.
Information can be consolidated at different
levels, from group level to individual business
segments, regions and business units. As
treasury no longer has to produce this
information manually, the risk of error or
omission is eliminated, resourcing requirements
are greatly reduced, and information can be
produced quickly and in a flexible format.
The Results
Implementing Citi’s TreasuryVision
®
has been a
vital step in transforming CSCL’s treasury
function into a highly automated, efficient
department that positions the company for
future international growth. With greater
visibility and insights into current and future
cash flows, CSCL is now in a position to manage
liquidity and risk in a strategic, efficient and
cost-effective way. For example:
• The team now produces sophisticated cash
flow forecasts using a bespoke template to
reflect the specific needs of the business,
together with the ability to present data
over a variety of horizons and levels of
consolidation.
• Cash flow forecasting capabilities are
supplemented with a variety of advanced
analysis tools such as variance analysis,
what-if calculations and stress testing, and
workflow tools such as personalized alerts of
account movements.
Asia Pacific Sector Insights
| China Shipping Container Lines
Implementing Citi’s TreasuryVision
®
has been a vital step in transforming CSCL’s treasury
function into a highly automated, efficient department that positions the company for future
international growth. With greater visibility and insights into current and future cash flows, CSCL
is now in a position to manage liquidity and risk in a strategic, efficient and cost-effective way.
