What are the main Benefits of an Interim Treasurer?
30-03-2023 | Recently we had a live session regarding Interim Treasury and its benefits. We were particularly interested in your opinions on the key benefits of an interim treasurer.
30-03-2023 | Recently we had a live session regarding Interim Treasury and its benefits. We were particularly interested in your opinions on the key benefits of an interim treasurer.
14-02-2023 treasuryXL | Treasurer Search | LinkedIn
Join us for a thought-provoking Live Session on Interim Treasury Management, where our experts will delve into the pros and cons of this exciting market.
Unlock the Benefits of Interim Treasury Management: Discover Why it’s a Must-Have for Your Business!
Our panel of seasoned interim treasurers, including Emiel van Maris, Francois De Witte, and treasury recruiter Pieter de Kiewit, will share their valuable insights and experiences.
This webinar is designed for aspiring interim managers, potential clients, and anyone interested in learning more about this market.
Don’t miss this opportunity to gain tips and tricks from the experts in the field and engage in an open discussion.
Register now to secure your spot!
Everyone is welcome to this webinar.
🌟Moderator: Pieter de Kiewit of Treasurer Search
🌟Duration: 45 minutes
𝘉𝘺 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘪𝘯𝘨 𝘺𝘰𝘶 𝘤𝘰𝘯𝘴𝘦𝘯𝘵 𝘵𝘰 𝘳𝘦𝘤𝘦𝘪𝘷𝘪𝘯𝘨 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘧𝘳𝘰𝘮 𝘵𝘳𝘦𝘢𝘴𝘶𝘳𝘺𝘟𝘓 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘵𝘳𝘦𝘢𝘴𝘶𝘳𝘺 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴. 𝘠𝘰𝘶 𝘮𝘢𝘺 𝘸𝘪𝘵𝘩𝘥𝘳𝘢𝘸 𝘢𝘯𝘺𝘵𝘪𝘮𝘦. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘳𝘦𝘧𝘦𝘳 𝘵𝘰 𝘰𝘶𝘳 𝘗𝘳𝘪𝘷𝘢𝘤𝘺 𝘗𝘰𝘭𝘪𝘤𝘺.
We can’t wait to welcome!
Best regards,
Kendra Keydeniers
Director, Community & Partners
31-01-2023 | François de Witte | treasuryXL | LinkedIn |
treasuryXL expert François de Witte will lead the upcoming advanced training on PSD2 & Open Banking, exploring its impact on finance and new challenges. Read below more
This training program prepares participants for 2 major challenges of the upcoming years in banking: PSD2 and Open Banking. This will have a major impact on the financial ecosystem and will create new challenges.
The goal of this training course is to:
26-01-2023 | François de Witte | treasuryXL | LinkedIn |
treasuryXL expert François de Witte will conduct advanced training on International Treasury Management and Corporate Finance at the House of Training in Luxembourg on March 2nd. Read below more
The treasurer is the custodian of the company’s daily liquidity and financial risks. He manages, anticipates, secures and help optimize cash flows by ensuring that financial needs are covered and appropriate instruments are used, as well as take necessary measures to mitigate financial risks.
At the end of this programme, the participant will able to:
The various modules will allow to acquire an in-depth knowledge of the different areas of the “Corporate Treasurer” profession.
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School
Speaker François De Witte / Treasury Consultant
Liquidity management – Basic concepts.
Speaker: Benjamin Defays / Senior Associate Vice President
Speaker: Lievin Tshikali
With the successive financial crises, serious concerns have naturally been raised in the population, forcing G24 governments and international organisations to build an incredible set of laws to “better” regulate/monitor the activities of banks and other financial institutions. This module provides an overview of international finance regulation. It considers some regulatory and practical issues affecting transnational financial transactions undertaken by global investment and corporate banks.
Speaker: François Masquelier / CEO
Speaker: François Masquelier / CEO
Financial professionals (finance, banking, accounting, tax, treasury…) willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.
22-12-2022 | François de Witte | treasuryXL | LinkedIn | On December 1, 2022, I had the opportunity to attend in Brussels a panel discussion on “Is the EU market ready for instant payments?”. The event was organized by CEPS (1) and ECRI (2), and featured several prominent speakers.
08-12-2022 | François de Witte | treasuryXL | LinkedIn | As embedded finance continues to evolve, there is an opportunity for treasurers to explore how these developments could help their businesses. The present article explores what embedded finance really means, what’s driving progress in this space, and where should treasurers begin.
07-11-2022 | François de Witte | treasuryXL | LinkedIn
In his day-to-day work, the accountant must in particular be able to follow/manage the cash flow and the credit collections of the company. Cash management starts from a different dimension than the accounting perspective, namely that of flows and cash management.
The objective of this training is to give an overview of the treasury dimension, flow and cash management, monitoring of client settlement (Credit Control) and risk management in terms of financing the company. In addition, we will also look at how best to manage the banking reporting, the reconciliation and the bank relationships.
At the end of the training, the participant will be able to:
Anyone interested in learning how accounting works and understanding corporate cash flow
Basic financial and accounting knowledge
31-10-2022 | treasuryXL | LinkedIn |
The fifth edition in which we discuss the latest poll, is available for your reading. We show how treasurers voted to express their opinions on a current issue, and several of our treasury experts will talk about their perspectives.
There are plenty of education and training courses in treasury, with the aim of obtaining treasury certificates. We wanted to explore how important you think this is, in the job market or for other things. There was a very good participation in the poll, resulting in a record 113 votes. Thank you everyone for actively participating, and join us in voting for the poll that is currently live and let’s try break the record votes right away!
Question: How important is it for you that someone has a well-known Treasury degree? On the job market or for other things?
We see a considerable spread of votes. A large proportion of treasurers value expertise more than a degree. On the other hand, a large proportion considers a treasury degree minimally of high importance. Some of our treasuryXL experts from different backgrounds explained their views on the subject.
Konstantin voted for the option that a treasury degree is a guarantee of quality.
” Specific, treasury-focused education certainly makes sense.”
From the perspective of a recruitment manager who has conducted a number of interviews, I find that a standard academic programme does not focus enough on the topics relevant to the treasury function.
For example, I note that too many candidates for treasury positions find it difficult to understand or don’t know FX forward pricing (relationship between interest rate differential, spot and forward pricing), or don’t understand the difference/relationship between net income and cash flows, etc.
And, of course, these are only general topics; other topics – like cash pooling or hedge accounting are just not part of the regular curriculum. Therefore, specific, treasury-focused education certainly makes sense.
Arnoud voted for the option that a treasury degree is just one of the key aspects.
” There are also elements that you can never learn from a book”
A treasury degree is a great start to a career in treasury. But after having interviewed many candidates in my life, I am also convinced that practice is also a very good learning opportunity. There are also elements that you can never learn from a book. You must have done that. But a treasury degree is a nice theoretical framework to start with.
In treasury you have to think in terms of cash flows and risks. In addition, you still need some understanding of financing, how to price it in relation to the risk that the bank runs on your company.
I don’t have a treasury degree myself, but I am completely self-made man. After 25 years in dealing rooms of banks and then 9 years as a treasury consultant, I think I have seen all facets of the profession.
François voted for the option that a treasury degree is a guarantee of quality.
” It is key to ensure that both the candidates and the current treasury staff keep their treasury knowledge updated”
Within Finance, Treasury is a fast-moving activity, which requires in addition to the soft skills a lot of technical skills and competencies. We are in the war for talent, and we experience more and more staff rotation. Hence it is key to ensure that both the candidates and the current treasury staff keep their treasury knowledge updated.
Several programs have been developed, the most well known being the ACT Certificate in Treasury Fundamentals. In the Netherlands NIVE also organizes the QCM (Qualified Cash manager) and QT (Qualified Treasurer) training. In Luxembourg, ATEL organizes with the House of Training the Certificate in International Treasury Management and Corporate Finance, with a Fundamentals version and an Advanced version.
Some treasury associations partnering with universities to provide treasury certification. In France, the AFTE has teamed up with the university of Paris Sorbonne, the university of Rennes and the University of Lille to develop a full master program in Treasury Management.
We also have in the Netherlands the Vrije Universiteit Amsterdam who organizes the postgraduate Executive Treasury Management & Corporate Finance program combining two finance disciplines which largely overlap and are inextricably connected: Treasury Management and Corporate Finance. It has now been running for more than 20 years.
Beside this we have a lot of other treasury trainings organized by organizations such as Van Groningen, Finsiders Academy, Orchard Finance, etc. However, they do not offer a certification.
In an ever more sophisticating environment, and in view of the increased regulations, it is for me key to look at certified trainings to build a solid background in a Treasury Management field. It enables to meet other talented treasurers and teachers. In addition, thanks to the certification, based upon an examination and/or end paper, you can get a additional quality label, which can be very useful in your career.
In this respect, I wish to share my personal experience in a completely different area. I am currently looking for Board Mandates and realized that there also a certification can be useful. Hence I have started the Guberna programme to become a Guberna Certified Director.
In the event that due to circumstances, you cannot follow certified trainings, you can also get a certification thanks to the Treasurer Test developed by treasuryXL.
22-09-2022 | François de Witte | treasuryXL | LinkedIn
The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The different modules will allow you to acquire the fundamentals of the different areas of the “Corporate Treasurer” profession.
Module 0 – Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager
Bank account opening/closing
KYC
Payments and bank connectivity
Liquidity structures
Cash forecast
Importance of working capital
Factoring/reverse factoring
Main financial measures
Economic thinking
Risk Measures
Hedging
Fraud risk
Credit risk
General context
Bank guarantees
Letters of credit
Module 1 : Payments, Cash Management and Banking Relations – Fundamentals
Speaker François De Witte / Consultant
Payment and interbank clearing and settlement methods.
Payments instruments, processes and tools
Electronic banking channels
Working capital, cash and liquidity management – basic concepts
Day to day cash management
Organisation of the cash management and tooling
Financing the company
Basic insights in managing banking relationships
Module 2 : Risk Management Applied to Treasury – Fundamentals
Speaker: François Masquelier / Group Treasurer
Module 3 : Trade Finance Applied to Treasury – Fundamentals
Speaker: Benjamin Defays / Treasury Manager
Module 4 : Credit and Collection Applied to Treasury
Speaker: Benjamin Defays / Treasury Manager
Module 5 : Cyber-fraud: what you need to know to manage this ever increasing risk
Speaker: Thierry Hamon / Cash management & Cybersecurity expert
Anyone who wants to acquire basic knowledge of corporate treasury and put this knowledge into practice.
Course material will be provided at the beginning of the course.
15-09-2022 | François de Witte | treasuryXL | LinkedIn
Finsiders is een financieel projectconsultancy bureau dat organisaties ondersteunt in hun tijdelijke nood naar ondersteuning, op vlak van controlling, accountancy, treasury en transformatie. We leveren operationele ondersteuning maar denken ook strategisch mee met de organisatie. Daarnaast begeleiden we onze consultants uitgebreid met persoonlijke coaching en begeleiding, onder andere via het online leerplatform van de Finsiders Academy. Daar kunnen ze tijds- en plaatsonafhankelijk zichzelf verder ontplooien en bijleren, alsook zich voorbereiden op een nieuw project.
Op dit moment zijn de volgende modules klaar:
De opleidingen zijn relevant voor finance professionals die een dieper inzicht willen krijgen in het cash en liquidity management.
Geïnteresseerden kunnen via de website inschrijven voor een e-learning naar keuze. Ze hebben 1 jaar toegang tot het online leerplatform en kunnen op eigen tempo en volgens hun eigen agenda tijdsonafhankelijk aan de slag.