"Redbridge played a critical role in the definition of our treasury operating model and the system selection and implementation processes following our demerger from the Louis Dreyfus Company."
Engagement Overview
Definition and implementation of a new treasury system architecture against the backdrop of IXM leaving the Louis Dreyfus Company group and becoming a standalone organization
Objectives
- Ensure continued relevant functionality after the demerger
- Define a sustainable, flexible and streamlined target operating model for the group’s treasury function across the world
- Ensure smooth, timely implementation of the new model
Results
- Increased visibility and better internal understanding of critical aspects of the treasury’s organization, processes and systems
- Market practices benchmark
- Optimal FX platform and TMS selection
- Implementation based on IXM’s specific situation and requirements
- Improved internal resource management given Redbridge’s project manager role
Methodology
Redbridge adopted a methodology that was tailor-made for IXM:
- assess the existing organization’s processes and systems, their gaps and any future needs
- formalize the strategy for the new treasury function together with the management team
- design the target operating model
- define the implementation roadmap for the selected target architecture
- manage the RFI / RFP and implementation processes for the selected systems.
Value Added by Redbridge
- Independent, unbiased assessment of the existing organizations, adopting a forward-looking approach to go beyond legacy structures
- Global treasury best-practice benchmarking
- Broad knowledge of treasury management system market and vendors
- In-depth expertise in treasury functions, enabling Redbridge to address all aspects of the activity and summarize the key decisions to be made by the management team
- Dedicated resources for project management