Functions:

• Organization of treasury team work.
• Cash management for production site and cash optimization:
• Monthly operational planning, ensuring that the company's long- and short-term cash flow is adequate to operate effectively;
• Short term and long term cash flow forecasting;
• Loan portfolio management and risks controlling.
• Building relations with third parties (Banks, auditors etc).

Results:

• Organized treasury department from scratch;
• Designed and implemented procedure for monthly planning and yearly bank costs budgeting;
• Built monthly closing process meeting the needs of other departments in reporting.
• Designed and implemented new month closing procedures to provide business with accurate and up to date data (data available on 2-4 day after period closing);
• Updated payment policy so that it helped to optimize payment process;
• Set up a procedure on corporate cards usage;
• Designed and implemented risk matrix for treasury. Ensured smooth process to avoid bank penalties;
• Built relations with new banks. Participated in increasing financing by obtaining refinancing with a different bank;
• Redesigned and managed automation of payments processing. As a result bills are paid 20% faster with high level of accuracy.

Functions:

• Cash flow management
• Organization of treasury department daily work
• Short term and long term cash flow forecasting

Results:

• Redesigned payment process so that paper document flow was significantly reduced and it helped to optimize headcount;
• Full intercompany debt repayment in condition of foreign currency deficit;
• Arranged cash collection from Anti-Terrorist Operation area.

Functions:

• Credit Lines from non-resident administration
• Local Currency deposits and credit lines administration
• Cash collection and cash count issues
• Bank relations (negotiations with banks, leading tenders on bank services, etc.)
• Analyses and optimization of bank charges
• Local Currency /Foreign Currency payments and the related communication

Results:

• Conducted complex tender to choose the best Bank service on market. Performed deep analysis of Bank products, negotiated the best conditions for the company, assessed vendors in pilot store and implemented final solution
  

Functions:

• Cash collection and cash count issues, preparation of daily cash collection reports

• Bank relations (updating banking documentation, bank accounts opening, negotiations, etc.)
• Customer financing projects
• Local Currency /Foreign Currency payments and the related communication
• Local Currency deposits and credit lines administration
• Short term cash forecasting
• Preparation of New Stores Opening

Results:

• Supported opening of 19 stores out of 30: controlled bank branch openings, ATMs installation.
• Implemented merchant acquiring services project (card payments).
• Implemented Customer Financing Project with various banks: evaluated market and selected vendors via tender, launched a pilot.
• All payments were performed accurately and within timeframe. All necessary documents were prepared and sent to Bank.

Functions:

• Weekly/short-term treasury forecasting
• Control over Accounts Payable to non-resident suppliers
• Intercompany reconciliation
• Control over cash collected and cash limits
• Monthly treasury reporting to DANONE GROUPE
• Accounts Receivables/DSO reporting and analyses by customers
• Bank relations (updating banking documentation, bank accounts opening, etc.)

Results:

• Established Treasury Function. Created from scratch all processes and organized new unit.
• Designed and implementing internal financial procedures to settle forecasting and cash flow control.
• Designed and implemented reports related to payment process in 1C Accounting system.
• Organized reporting so that all data were sent to DANONE Head office within time frame and accurately.

Functions:

• Preparing Sales reports on Major Customers and Financial KPIs
• Updating price-lists
• Controlling informational flow on sales between departments
• Calculating bonuses for sales force on monthly performance

Functions:

• Preparing daily/weekly/monthly sales reports and statistics
• Maintaining Sales/Equipment database in Access
• Updating price-lists
• Controlling document circulation and installation of equipment
• Controlling data collection and processing for reports
• Creating reports and statistics for Sales/Financial Department

• Translation of financial texts

Functions:

• Creation and maintenance of client database
• Participation in seminars on conflict resolution techniques
• Logistical and administrative support and translation for Project Director and staff

Functions:

• Weekly updating and reporting to head office in Greece on sales level
• Follow-up on customers' receivables, collection of sales statistics
• Processing, filing and following up on overseas customers' orders
• Facilitating customs procedures of receiving imported goods