Executive Summary
Mr Price is a publicly-traded retail company based in South Africa, well known for its focus on value. The group retails apparel, as well as homeware and sportswear through owned and franchised stores across 14 countries, primarily in Africa. It also services customers globally through its online stores.
Client Profile
Year founded: 1985
Industry: Retail
Headquarters: Durban, South Africa
Solution
Mr Price has selected its Technology Services to support their treasury operations. Mr Price is using Treasury Management System (TMS) technology in conjunction with the TreasuryONE bank connectivity network to enhance their cash visibility and forecasting capabilities.
With a range of disparate systems to obtain information from, TreasuryONE’s team integrated the TMS with these systems and bank connections to automate and streamline Mr Price’s treasury team’s access to the critical information and automate the group’s treasury accounting entries – giving the treasury team more time to focus on strategic decision making.