“A wide variety of SwiftNet offers from banks”
Group Treasurer, Alten
Lettre du Trésorier
Alten is quite a new organisation?
It was set up just over 20 years ago by three engineers. The company obtained a listing on the Second Marché of the Paris Stock Exchange in 1999. It is now listed on the Euronext under Section A and the stock is eligible for the deferred payment service. Since it was formed, annual growth in business has averaged 20%. The company’s two areas of activity are engineering and technology consultancy – which account for 70% of our business – and IT services and networks. We have a workforce of 12,500 of whom 88% are engineers. In 2008, we generated revenues of €846m, of which one quarter was from outside France, principally from Europe but also from India, Russia and Vietnam.
Broadly speaking how is the treasury function organised?
Our previous system was not totally satisfactory and was characterised by an excessive amount of manual transactions.