In October 2020, Casey's General Stores formed a treasury function for the first time. The chain of around 2,650 convenience stores primarily serves smaller, rural communities. "We were founded in Boone, Iowa, in 1968, and we are proud to be a critical resource for the communities we serve," explains Eric Larsen, Casey's treasurer. "In many of those communities, we are the only local source for groceries and fuel."
This business model means Casey's does a lot of business in cash. By the time the company wound up its treasury department, its scale had made management of bills and coins a significant business challenge.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
