Chocolate is a very global business. Just ask Jurgen Auerbach, the CFO of Ghirardelli Chocolate Co., who is on the road almost as many days as he is in his office at the San Leandro, Calif.-based confectioner. In particular, he is a frequent flier between California and Kilchberg, Switzerland, headquarters of Ghirardelli's parent Lindt & Spr
ngli Group.
This was a problem for Ghirardelli's finance department, which has no treasurer and needs Auerbach to be able to approve wire transfers in less than an hour at times. The solution: Wells Fargo Co.'s Commercial Electronic Office (CEO). These days, Ghirardelli gets nearly all of its cash management service through CEO, a single electronic portal, even as many companies resist moving any closer to straight-through processing or relying on Web-based, real-time systems.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
