A Cook’s tour of FX (TT JulAug05 p39-41)

Thomas Cook has restructured its business operations in response to a competitive market. The company has updated its treasury technology with meeting the needs of foreign exchange (FX) as a core objective. Thomas Cook has centralised its treasury operation and introduced an in-house bank. Any technology solution needs to be flexible and configurable to deal with business issues that are unknown at the time of implementation.