Automated currency management is potent Covid response

Digitalizing and automating its FX risk management has notably improved a pharma's treasury function.

Théa is an independent pharmaceutical company that specializes in the research, development and commercialization of eyecare products. Headquartered in France, the group has 35 subsidiaries across Europe, Russia, north and sub-Saharan Africa, and South America, and also works with distributors in other regions.

In 2021, Théa Group generated revenues of €683 million, of which one third was through its subsidiary in France.

Group treasurer Catherine Cledel manages a small treasury team with cash, treasury and risk-management responsibilities across the group’s global footprint.

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