Overview
After merging, Technip and FMC partnered with Redbridge to define the target operating model for the company’s future treasury function.
Objectives
- Define a sustainable, streamlined target operating model for the group treasury function based on best market practices
- Clarify roles and responsibilities of each stakeholder
- Establish a clear action plan and future milestones
Results
- Comprehensive assessment and recommendations regarding: organization, treasury processes, systems, and cash management
- Detailed benchmarking based on a sample of relevant peers
- Definition of a target operating model with a full set of recommendations
- Roadmap for each of the different projects to be carried out
Methodology
- Redbridge’s methodology was based on a four-step approach:
- Assess the existing organizations to be merged, their gaps and any future needs
- Formalize the strategy for the new treasury function with the management team
- Design the target operating model
- Define the implementation roadmap for the selected target architecture
Value Added by Redbridge
- Independent, unbiased assessment of the existing organizations with a forward-looking approach to go beyond legacy structures
- In-depth expertise of treasury functions, enabling Redbridge to address all aspects of the activity and summarize the key decisions to be made by the management team
- Dedicated French-American team aiming to manage change and ensure a smooth transition to the new Group Treasury model