How One Treasury Team is Saving Millions with its New FX Netting Strategy

By GTreasury

06/02/2024

S4 Capital Group’s new Group Treasurer faced a nascent Treasury function upon joining in 2022.

Choosing GTreasury Netting, the team swiftly implemented an intercompany netting program, establishing the treasury as a nimble business partner. By limiting system access to treasury initially, they avoided typical rollout challenges. Collaborating with divisional controllers, the team successfully uploaded netting information within two days, with minimal errors found during manual reconciliation.

The pragmatic strategy skipped project and institutional overhead, expediting implementation. The netting program significantly reduced intercompany FX positions, leading to cost efficiencies covering technology expenses. S4 Capital Group estimates £1m yearly savings with intercompany netting. The economics make the implementation a worthwhile investment for S4 Capital Group.

Read more about S4 Capital Group’s approach to intercompany netting in Treasury Today.

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