| 5-11-2020 | treasuryXL | Treasury Delta | VENLO, The Netherlands, November 5, 2020 – treasuryXL, the community platform for everyone who is active in the world of treasury, and Treasury Delta, an Irish FinTech company, which has brought to market an innovative platform that uses digital technology to connect companies, banks and treasury management […]
04-11-2020 | treasuryXL | Kyriba |
These last few months have highlighted that Payments Fraud continues to be a major problem, with fraudsters quick to leverage the global pandemic, with the amounts involved considerable.
In this session Kyriba’s Paul Simpson will be joined by Helen Alexander from SWIFT and James Bushby from MasterCard, to explain what institutional payment fraud is, with a specific focus on the technology and processes that treasury and finance teams can employ to minimise risk.
In particular, the agenda will follow:
November 12th, 09:30- 10:30 (CET)
| 26-10-2020 | Stichting MKB Financiering | treasuryXL
Uit het onderzoek naar de ontwikkeling van de zakelijke non-bancaire financiering in Nederland dat SMF in juni publiceerde bleek dat de omvang van de non bancaire financiering (€ 2,6 miljard) zó groot is geworden dat niet meer gesproken wordt van alternatieve financiering, maar van non-bancaire financiering. De groei vindt plaats in alle delen van de financieringsmarkt van het MKB (zowel de kleine financieringen als ook de grotere miljoenenverstrekkingen). Tevens werd geconstateerd dat met name bij de financieringsvolumes tot € 1 miljoen het volume van de bancaire financieringen jaarlijks afneemt versus een toename van non-bancaire verstrekkers. De non-bancaire financiers nemen de financieringsrol van de banken in dat segment langzaam maar zeker over.
Het aanbod van financiering is groot en divers geworden, waardoor het voor ondernemers niet altijd duidelijk is waar zij het beste een financiering kunnen aanvragen. De rol van gespecialiseerde financieringsadviseurs wordt in deze markt belangrijker. Zij kunnen de MKB ondernemer begeleiden in hun zoektocht naar financiering. In eerder gepubliceerde blogs hebben wij de verschillende aanbieders van financiering besproken. Onderstaand is een samenvattend overzicht, verdeeld over 4 groepen, opgenomen. Tenslotte is een tabel toegevoegd: dit geeft antwoord op de vraag welke aanbieders gespecialiseerd zijn in welke obligo’s (omvang van bedragen).
Hieronder rekenen wij de financiers die onderwerp waren van het onderzoek van SMF:
Hieronder vallen allerlei (creatieve) financieringsoplossingen die partijen in de keten, binnen hun transacties, met elkaar overeenkomen.
Ook het eigen netwerk kan een heel creatieve bron van financiering zijn. Onder deze categorie scharen wij
In bovenstaande categorieën zijn al enkele langer bestaande geldverstrekkers vermeld (zoals factor- en lease maatschappijen). De nog niet genoemde traditionele verstrekkers zijn
Het aanbod van financiering is groot. Door het grote aantal verschillende financiers is het de vraag: Wie is SPECIALIST in welk obligo? Immers, voor een financiering van € 10.000 kun je beter niet aankloppen bij een bank. Voor een financiering van € 10 miljoen moet je niet bij een Kredietunie zijn. In onderstaande tabel hebben wij d.m.v. sterren aangegeven tot welke partijen je het beste kan richten. Hierbij zij opgemerkt dat het een indicatieve indeling betreft.
Blanco : Betreffende geldverstrekker richt zich niet of niet primair op deze obligo’s
∗ : Binnen de groep van deze geldverstrekkers zijn er (enkele) financiers te vinden die betreffende obligo’s verstrekken.
∗∗ : deze obligo’s vormen een belangrijke groep voor deze verstrekker
∗∗∗ : In deze obligo’s is de betreffende geldverstrekker een specialist
| < € 50k | < € 250k | < € 1 mln | < € 2,5 mln | < € 10 mln | > € 10 mln | ||
| Non-bancair | Toelichting | ||||||
| Crowdfunding |
∗ |
∗∗ |
∗∗∗ |
∗∗∗ |
|||
| Direct lening / investeringsplatforms | Platforms hebben verschillende doelgroepen. Er zijn platforms die zich beperken tot € 50.000, er zijn platform die starten vanaf € 500.000. Per categorie zijn er specialisten |
∗∗∗ |
∗∗∗ |
∗∗∗ |
∗∗∗ |
∗∗ |
∗ |
| Kredietunie |
∗∗∗ |
∗∗∗ |
|||||
| Factoring | Kan per factormij verschillen |
∗ |
∗∗ |
∗∗ |
∗∗∗ |
∗∗∗ |
∗∗∗ |
| Leasing | Kan per leasemaatschappij verschillen |
∗∗∗ |
∗∗∗ |
∗∗∗ |
∗∗ |
∗∗ |
∗ |
| MKB Beurs |
∗∗∗ |
∗∗∗ |
∗∗ |
||||
| Vastgoedfinanciering |
∗ |
∗∗∗ |
∗∗∗ |
∗∗∗ |
∗∗ |
||
| Keten / transactie | |||||||
| Leveranciers |
∗∗∗ |
∗∗ |
|||||
| Afnemers |
∗∗∗ |
∗∗ |
|||||
| Fiscus |
∗∗∗ |
∗∗ |
|||||
| (Eigen) netwerk | |||||||
| Eigen inbreng |
∗∗∗ |
∗∗ |
∗ |
||||
| FFF |
∗∗∗ |
∗∗∗ |
∗∗ |
||||
| WNP | WNP is primair een arbeidsvoorwaarde |
∗ |
∗ |
∗ |
|||
| Informal investors |
∗∗ |
∗∗ |
∗∗ |
∗ |
|||
| Ondernemers |
∗∗∗ |
∗∗ |
|||||
| Traditioneel | |||||||
| Bank | Kleine obligo’s worden met standaard-producten bediend |
∗ |
∗ |
∗∗ |
∗∗∗ |
∗∗∗ |
|
| Participatiemaatschappijen |
∗ |
∗∗ |
∗∗∗ |
∗∗∗ |
Dit overzicht sluit aan bij de gesignaleerde trend in de markt: de non-bancaire financiers zijn op dit moment in toenemende mate de specialisten voor financieringen tot € 1 miljoen en zij spelen in het segment tussen € 1 en € 2,5 miljoen een steeds belangrijkere rol. In de grotere financieringsvolumes spelen de banken vooralsnog een dominante rol.
Ben je dus op zoek naar passende financiering check het bovenstaande schema en ga dan minimaal voor 3 sterren!
| 07-10-2020 | treasuryXL | Kyriba |
We are excited to invite you to the first ever Kyriba Global Summit, a free virtual event bringing together treasury, finance and IT teams from around the world to discuss their successes and the latest innovations in cash management, payments, bank connectivity, FX risk management and working capital management.
Hear successes and stories of transformation from some of the most recognized companies in the world with a globally diverse group of speakers.
Kyriba empowers CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation, while also protecting against financial risk. Kyriba’s pioneering Active Liquidity Network connects internal applications for treasury, risk, payments and working capital, with vital external sources such as banks, ERPs, trading platforms, and market data providers. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai and other major locations. For more information, visit www.kyriba.com.
05-10-2020 | by Rowan Hermes | Symbid
A venture capital financing process takes, for example at Symbid, on average about 3 to 6 months. Shorter is certainly possible with the right effort and focus. Trajectories of 1 or 2 months have occurred at Symbid. The exact duration of a process depends on various financial, legal and organizational aspects.
Blog continues in Dutch language:
| 30-09-2020 | treasuryXL | OpusCapita |
OpusCapita and Analyste join forces
Two leading cash management providers have joined forces to form a new company. OpusCapita and Analyste have merged to create Nomentia – a Nordic powerhouse for global cash management.
”This is a natural step in our journey. Combining forces will improve our offering to our customers, increase our capacity, speed up innovation, and enable us to offer solutions to our customers on a global scale”, says Mikko Soirola, the CEO of Nomentia.
The new company is owned by Providence Strategic Growth (‘PSG’), and Verdane – a North European growth equity investor – will own a minority stake alongside the companies’ management teams. The merger was announced on June 29, 2020.
While the name is new, the companies are not. Founded in the mid 1980s, OpusCapita and Analyste have brought cutting edge Nordic Fintech to the world for over 35 years. Nomentia has a strong heritage of innovation and trust with an average customer lifecycle of over 11 years.
“Our passion is to modernize payment automation and cash management processes and provide clients with the best solutions and tools. We will be able to combine best practices from both companies and create an extensive pool of experience from over 2.300 customers, which will allow for much wider best practice sharing”, says Mikko Soirola.
“We are proud of our Nordic heritage and innovation that we have continuously delivered to the cash management community for over 35 years. Our new brand and visual identity are a salute to our roots, while demonstrating that we have the courage and ambition to be different. From this moment, the name Nomentia shall stand for the Nordic powerhouse for global cash management. We combine best-of-breed solutions from both OpusCapita and Analyste in our cash management portfolio and are looking forward to take this to the world”, states Jukka Sallinen, Deputy CEO Nomentia.
Nomentia is a Nordic powerhouse for global cash management. We believe in a world in which businesses can make the right decisions no matter how unpredictable the times are. Our SaaS-based platform offers solutions for cash forecasting and visibility, global payments with bank connectivity, reconciliation, in-house banking, guarantees, and FX dealing. We serve 2,300+ clients in over 100 countries processing more than 200 billion euros annually. Cash is king!
Mikko Soirola, CEO Nomentia, [email protected] +358 40 703 0553
Jukka Sallinen, Deputy CEO Nomentia [email protected] +358 40 590 6144
Wiebke Arendt, [email protected], +358 458731636
22-09-2020 | treasuryXL | Treasurer Search |
Treasurer Search is founded in 2009. Treasurer Search recruits candidates for both permanent and temporary treasury positions in industry, trade, services and non-profit. They recruit treasury professionals of all levels, from young graduates to senior treasury professionals, for positions including corporate treasurer, cash manager, treasury controller, treasury consultant, treasury analyst, assistant treasurer and group treasurer.
Pieter de Kiewit, Treasury Aficionado, Recruitment Consultant and Owner of Treasurer Search. His market focus is the BeNeLux and Germany, his clients are mainly corporates, non-profit and consultancy organizations. Pieter holds an MSc. in Organizational Science and has over 25 years experience in international recruitment. In many ways he contributes to the Treasury Community by connecting people, companies, education and events.
We asked him 11 questions and 2 bonus questions. Let’s go!
In our vision the professional field of treasury will further evolve and serve a broader group of organizations. It is our mission to listen to treasurers, business and HR leaders and make robust matches taking everybody’s interest into account.
For me as a person, my first professional choice was recruitment. In 2009 I worked in the recruitment industry for 15 years in various roles with two international market leaders. I decided I wanted to recruit in a way that suited my clients, candidates and me best. And that an own organisation was the best structure to do so. Already early in my career I searched group treasurers and liked the job type in so many ways. With the expert combination of both recruitment and treasury, I think we can optimize our added value best.
Results, expertise, authentic
We take pride in what we do, want to show our added value and like our job. We are Dutch, direct, informal and also very much interested in you and what keeps you busy. We are here to stay and want to build long lasting relationships. And we are not afraid to try or even initiate something new.
Understanding the recruitment industry is not hard. What sets us apart from other executive search firms are our treasury expertise which enables us to dig in deeper. And our long lasting relationships. 90% of the candidates we find a position for, we had prior contact with. Over 50% of our revenue is repeat business and we are still growing. Clients like us because we find better candidates, quicker for a fair, market level fee.
Our USPs are stability and treasury expertise combined with recruitment skills. People who combine these aspects are few. We have taken steps not only forward but also back because new colleagues realized after a while that their motivation did not match the mission of Treasurer Search. By now we have a stable team and cautiously continue moving forward. In recruitment for our own organisation we spent even more time in informing potential colleagues.
The treasury community is an interested and intrinsically motivated group of people. Always willing to brainstorm and join. In order to channel positive input into plans that bring us the results we strive for, we cannot lose focus. That brings best results. Over time I better learned to avoid distractions but are not done learning.
Too many to make a comprehensive list. What strikes me most in treasury is that the professional level of treasurers is going up. Treasurers are nowadays educated at a higher level, better communicators and continue to invest in treasury education. Treasury is getting the platform it deserves.
Also recruitment is constantly changing. The success of a new hire will never be an exact science but we try to avoid risk. New insights and technology in our field resulted in www.treasurertest.com. In my opinion a perfect example of recruitment new style.
I hope and expect treasurers will be able to increase their impact. In large corporates they will be able to contribute in strategy, mitigate risk better and save cost. In mid-sized organizations they will find their spot in the CFO team where they are currently not always. The impact of treasury technology cannot be overestimated, one blog is not enough to describe that topic.
The cliché “profit is an opinion, cash a reality” is currently felt stronger than ever. The treasurer that cannot show his added value in these times might not be in the right position.
Predicting the future in these times is more daunting than ever, we just celebrated our first 10 years… I hope 10 years from now we can still show stability, treasury and recruitment expertise. Furthermore I hope clients who currently do not have a treasurer are happy we found one for them and also many more clients who are not based in The Netherlands enjoy our services.
Results. See that my colleagues are happy in their job and help candidates and clients moving forward.
That clients call us again because they like the candidate they hired through us before. That candidates are happy in their job we found them, and for a long time. That we created an organization with employees that like coming to work to a job that pays mortgages and children’s shoes. That the treasury community knows us and knows how to find us.
15-09-2020 | treasuryXL | XE |
XE provides a comprehensive range of currency services and products, including their Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. They leverage technology to deliver these services through their website, mobile apps and over the phone.
We will take a deeper dive into the market, XE businesses and the future of FX.
Wybe Schutte is head of Business Development Europe at XE.com. Wybe’s career has always centered around international business development and managing relationships. Within XE.com both play an important part as globally we XE is the trusted partner of many business in helping them manage & mitigate the risk that is associated with dealing with multiple currencies, be this through simple rate regulation or looking at high level currency risk management & hedging solutions.
We asked him 10 questions. Let’s go!
At Xe, we live currencies. Most people know Xe from the currency converter, however we also provide international money transfer services for business for over 25 years. Xe’s Business Solutions supports company’s that have an exposure to foreign currency, supporting them to safeguard profit margins and improve cashflow through quantifying the FX risk they face and implementing strategies to mitigate it. So that our clients can focus on their core business and do not have to worry about their FX.
We look within each business to see where the currency risks are, and whether these can be offset. For example, any sales made in Euros could be offset against Euro costs. If there is still an exposure this is where products such as Forward Contracts can be considered in order to provide protection against the risk. Currency risk can be divided into three types: Transactional Risk, when a business deals in a country that differs to their base currency; Transnational Risk, when a business has an asset or liability overseas on their balance sheet, and Economic Risk where a movement in the exchange rate can give a business a competitive advantage when competing for a particular market.
FX Risk can either have a negative or positive impact on a business’ bottom line. If you look back over the last 10 years you can understand what the potential impact could be in the most extreme, least extreme and average scenarios over your given timeline.
This can be done by looking at the high & low points of the market and a business’ FX exposure. This step helps companies to understand what the impact of the net exposure can have on the bottom line.
Businesses that have a transactional exposure to the currency markets can differentiate between committed and forecasted exposures. A committed exposure is when the price for a good or service in a foreign currency is known and contracted. Therefore, any movement in exchange rate has a direct impact on their profit or cost unless hedged. A forecasted exposure is when a business looks to the period beyond the committed period to see what their requirements may be. Confidence levels into forecasted periods can vary largely and it is normally the case that the further out a business forecasts, the lower the confidence levels.
There are a number of key stages that a business can look to follow in order to mitigate FX volatility. Firstly, Identify the type of risk, quantify the risk elements, and then look to build a strategy and agree the implementation process. These stages will allow you to decide the products that are most suitable, so you can then move to market timing and execution. Lastly, you should look to review, revise and adjust your approach on a regular basis. It is important to remember that it is not about market speculation but about mitigating your risk.
Given the ever-uncertain world in which we currently live in, finance departments and treasury centres could be looking to build a strategy to deal with currency fluctuations, which over time could have a considerable impact on your company’s bottom line. A structured approach to foreign exchange risk can enable your business to make strategic planning decisions, rather than attempting to respond to day-to-day developments in the market.
There has been significant movements in the currency markets during the Covid19 period and there are still many factors that influence the daily rates. During these uncertain times our clients are looking for certainty and stability. And although price is always important, other key factors like security and credibility became more important. Naturally each of our clients has been impacted very differently and we have worked with them to provide the solutions and flexibility they needed. We have welcomed many new clients from new geographies? as they were growing, and we supported existing clients that were growing or adapting their business models to suit the changing market.
We work closely with our clients to continuously understand their needs and adjust accordingly. Our expert Dealers keep a close eye out on the market. Understanding the movements, resistance levels, and key economic & political updates that can influence the market so that our clients do not have to worry about that. Xe also works closely with our sister companies and parent company Euronet Worldwide.
The near future could be set to weather extraordinary levels of balance sheet expansion and recession, potentially leading to a longer stimulative/expansionary monetary policy which could in turn depress currency rates of the countries that bear them. Near to medium term impacts of this could include a lack of major economic expansion as capital returns are often negative when factoring inflation. This may mean that we see a re-composition of FX strength toward commodity-based currencies (CAD/AUD/NZD) and alternative safe havens (CHF). However, we could see this shift in the longer term as public debt, in particular, becomes more tenable and attractive at such low interest rates and could invite broader investment for countries and to a degree private industry.
We have witnessed ample FX market volatility from an increased reliance on a more narrow data core. Inflation and interest rates and also public debt and balance sheet expansion narratives are having the most impact on rate movements. With this in mind; where much of the corrective forces required are formed around policies related to these key issues, it appears that volatility could behere to stay for at least the coming 6-12 months and beyond.
Supporting a scale-up with their complex FX requirements and enable them to grow their business in a short period of time by eliminating the FX risk and provide significant costs savings along the way.
At XE, they live currencies. XE provides a comprehensive range of currency services and products, including their Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. They leverage technology to deliver these services through their website, mobile apps and over the phone.
Last year, XE helped nearly 300 million people access information about the currencies that matter to them and over 350,000 people used XE to send money overseas. Thousands of businesses relied on XE for information about the currency markets, advice on managing their foreign exchange risk or trusted XE with their business-critical international payments.
XE Business Solutions can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. We provide a comprehensive range of currency services and products to help you access competitive rates with greater control.
At XE, they share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so XE works together to develop new and better currency services that put their customers first.
XE is proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. XE is part of the Money Transfer Division of Euronet and is the unification of HiFX and XE.com.
Visit XE.com
Read XE blogs
| 07-09-2020 | treasuryXL | OpusCapita |
In July OpusCapita and Analyste announced that they entered a transaction. Now the companies are about to launch the new company they form together.
OpusCapita enables organizations to buy and pay quickly and securely, with a real-time view of their business. OpusCapita customers use their source-to-pay and cash management solutions to connect, transact and grow. OpusCapita processes over 100 million electronic transactions annually on its Business Network.
Visit OpusCapita
Visit Partner Page
07-09-2020 | by Rowan Hermes | Symbid
Startups are popping up like mushrooms. There are plenty of wonderful success stories from startups conquering the world. But just as soon as they start up, they also go down. It is sometimes said that 90 percent of startups fail. Fortunately, the actual percentage is lower, but the fact remains that making a startup successful is not that easy. We list the three most common pitfalls.
Blog is in Dutch language: