"Redbridge played a critical role in the definition of a common best-in-class treasury operating model following the merger between Technip and FMC"
Project Overview
- Definition of the target operating model for the future treasury function after the merger between Technip and FMC
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
- 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
Redbridge’s added value
- 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