What will be the Treasury Trend of 2023?

30-11-2022 | treasuryXL LinkedIn |

As 2023 is approaching, we explored what Treasurers are particularly looking forward to in treasury for next year. What will be the Treasury Trend of 2023? Are treasurers curious to know what is going to happen in the area of Market and FX Risk Management, or just what the developments are going to be in e-commerce related to Treasury? Or will the understanding of APIs in Treasury be the story of 2023, or the role of Treasury within companies? We sought it out!

We thank Huub Wevers and Kim Vercoulen for sharing their views with us.

Poll results

As 2023 is approaching, we explored what treasurers are particularly looking forward to in treasury for next year. Are treasurers curious to know what is going to happen in the area of Market and FX Risk Management, or just what the developments are going to be in Ecommerce related to Treasury? Or will the understanding of APIs in Treasury be the story of 2023, or the role of Treasury within companies? We sought it out! This topic was also the subject of discussion during the last webinar together with Nomentia, you can find the recording here.

Question: What are you particularly interested in that will develop in 2023 in treasury?

treasury trends 2023

First observation

We see that Market and FX Risk Management stands out a little, and that there is less focus on trends in e-commerce and Treasury. What do those within treasuryXL say about this, and what are they looking forward to for next year?

View of treasuryXL experts

Huub Wevers (Nomentia)

Huub is especially interested in the developments in APIs for Treasury for in 2023.

“My personal interest is in the focus on APIs, which is good, as APIs offer new functionalities and convenience for treasurers”

With the current political and economic turmoil, it makes sense that market risk is back on the agenda. Interest rates are rising and emerging markets are becoming riskier. My personal interest is in the focus on APIs, which is good, as APIs offer new functionalities and convenience for treasurers. However, it is a jungle because everyone promises APIs, but few deliver on them, and the few that do make them have no standards.

We also see APIs that are ‘disguised’ file connections. This makes sense, because an API means linking two applications and this can be done through authentication, security and then exchange of a file. We see this a lot with Payment Service Providers. Getting reporting files for matching purposes, for example.

The webinar the other day was interesting because Niki and I represent two different areas of treasury that are important to Patrick, a very experienced treasurer, namely market risk and technology. Together with Pieter as moderator, it was fun to hear the different perspectives and experiences!


Kim Vercoulen (Treasurer Search)

Kim is especially interested in the developments of Market and FX Risk Management for in 2023.

” Important question for the treasurer will remain what to do about this.”

I chose for Market and FX Risk Management. I think especially with inflation and higher interest rates, this is going to have an impact on the treasurer’s work within the treasury department.

This is obviously all going to play through on companies’ costs, and pressure on selling prices will also increase. Important question for the treasurer will remain what to do about this.

How this will affect the treasury market compared to the current year remains to be seen. That is what we are going to witness at Treasurer Search.


Would you like to explain your own vote for this poll? Join the discussion in the comments. And above all, don’t forget to give your opinion on our latest poll question

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Top 5 most read articles at treasuryXL.com and LinkedIn of 2021

04-01-2022 | treasuryXL |

Welcome in 2022! We are thrilled to share the Top 5 Most Read Articles with you below.

TreasuryXL has grown considerably last year, and our data shows us that our articles have widely been visited. We would like to take you to our most viewed website and LinkedIn articles of 2021. (Treasury Topic ‘What is’ articles excluded).


Top 5 treasuryXL website articles of 2021

  1. What are BIC/ SWIFT codes, how do you find them, and how do they work?

    by Xe

  2. Blank Sheet Treasury

    by  Jesper Nielsen-Terp

  3. 7 steps on how to make Cash Flow forecast a success

    by Bas Kolenburg

  4. Blockchain and the Corporate Treasurer: towards Smart Treasuries

    by treasuryXL, Carlo de Meijer

  5. The principles of multilateral netting: what, why and how

    by Enigma

 

Top 5 treasuryXL LinkedIn posts of 2021

  1. VU ‘Treasury Management & Corporate Finance’ Programme – Online Open Evening

    by VU

  2. 8 questions for Treasury Expert Philip who won the award for 2020 Best Fintech Solution

    by Philip Costa Hibberd

  3. Webinar Series Treasury Management | “Bitcoin. Is this the New Reality in Corporate Treasury or is it a Hoax?”

    by VU

  4. Interview | 8 questions for Kim Vercoulen, treasury recruitment consultant at Treasurer Search

    by Kim Vercoulen, TreasurerSearch

  5. Treasury: the sad story about the ones that do not get it

    by Pieter de Kiewit, TreasurerSearch


Thank you for being part of the treasuryXL community. Wish you all the best in 2022!

 

Kendra Keydeniers

Director Community & Partners

 

 

 

Wout van Wijlick

Marketing Coordinator

 

 

Looking for a Treasury Analyst with TMS Integrity experience

26-03-2021 | Treasurer Search | treasuryXL

Our Partner Treasurer Search is looking for a Treasury Analyst with TMS Integrity experience for a fast growing international company. The ideal candidate for this position will start her second career step and has operational experience in a corporate treasury department. Experience with TMS Integrity is a must, any experience with SWIFT, KYC or TMS implementation is appreciated. English is a must, Dutch a plus. As a person she is hard-working, flexible and eager to learn.

Tasks 

  • Operational cash and liquidity management;
  • Use and improve the TMS, Integrity, become the key-user;
  • Bank account opening & closing and related (KYC) documentation;
  • Payments and troubleshooting.

Client

Our client is a fast growing, international company with a very robust owner. Based upon a strategic vision expansion is being planned and executed. The treasury team is taking shape and is quickly reaching a very professional level and working from various European locations (UK & Continental Europe). Relevant investments in the organization are being done.

Remuneration and Process

The salary indication is €45K-€60K, the first contract is for one year with an intention to extend to permanent. The Treasurer Test might be part of the recruitment process.

Location

Amsterdam / Home Office

Contact person

Pieter de Kiewit
T: (0850) 866 798
M: (06) 1111 9783
E: [email protected]

 

APPLY HERE

 

Become the next Cash Manager with City Financials Expertise (m/f)

27-05-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Cash Manager with City Financials Expertise (m/f)

Tasks Cash Manager

The cash manager is responsible for operational tasks like forecasting, payments, liquidy management and bank relationship management. Specifically the use and improvement of the TMS, City Financials, will take substantial time.

Ideal Cash Manager

The ideal candidate for this position has corporate cash management expertise. Only candidates with City Financial experience will be considered.

Our Client

Our client is a multi-billion, international company with a large presence in The Netherlands. 

Remuneration and Process

We are in dialogue with our client about the set of tasks and the ideal candidate for this position. Our first feasibilty study shows a limited number of candidates in the Dutch labour market with City Financials experience. As this is a dealbreaker, we already started communicating with the market mentioning this constraint. We invite candidates with this expertise to contact us and find out if this position might be for them. The Treasurer Test might be part of the recruitment process.

Location

Utrecht Region

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339




Treasury Manager wanted for a fast growing services company

13-05-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Treasury Manager for a fast growing services company with a global and capital intense infrastructure.

Tasks Treasury Manager

The position is newly created. The Treasury Manager will be responsible for:

  • European cash management, liquidity and forecasting
  • Managing and optimizing banking structures
  • Give treasury advice to operating companies, liaise with other finance functions
  • Assist in aquisitions and funding activities
  • Develop risk strategies (FX, IR)
  • Managing regulatory compliance

Ideal Treasury Manager

The ideal Treasury Manager has a relevant University degree and at least 3 years experience in Treasury with operations as a main focus. Experience or expertise in funding and risk management is highly appreciated. Personality & mindset are at least as important as treasury knowledge and experience. As a person he/she is ambitious, adaptive and thrives in a dynamic environment. He/she is able not only to be the expert but also the result oriented project manager taking the organisation to the next level.

Our Client

Our client is a fast growing services company with a global and capital intense infrastructure. The company is innovative and the culture is Anglo-Saxon company culture. The company has a clear strategy, aims high and gets results through acquisitions and autonomous growth. Further investments are currently being done to bring the organisation to the next (professional) level, there is a willingness to invest.

Remuneration and Process

Our client offers a market level salary, the expected annual base salary will be about €70K. For candidates that obviously bring more, our client is willing to pay more. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

South-West Netherlands

 

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339




New Job Opening: Treasury Manager (m/f)

29-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Treasury Manager for a fast growing services company with a global and capital intense infrastructure.

Tasks Treasury Manager

The position is newly created. The Treasury Manager will be responsible for:

  • European cash management, liquidity and forecasting
  • Managing and optimizing banking structures
  • Give treasury advice to operating companies, liaise with other finance functions
  • Assist in aquisitions and funding activities
  • Develop risk strategies (FX, IR)
  • Managing regulatory compliance

Ideal Treasury Manager

The ideal Treasury Manager has a relevant University degree and at least 3 years experience in Treasury with operations as a main focus. Experience or expertise in funding and risk management is highly appreciated. Personality & mindset are at least as important as treasury knowledge and experience. As a person he/she is ambitious, adaptive and thrives in a dynamic environment. He/she is able not only to be the expert but also the result oriented project manager taking the organisation to the next level.

Our Client

Our client is a fast growing services company with a global and capital intense infrastructure. The company is innovative and the culture is Anglo-Saxon company culture. The company has a clear strategy, aims high and gets results through acquisitions and autonomous growth. Further investments are currently being done to bring the organisation to the next (professional) level, there is a willingness to invest.

Remuneration and Process

Our client offers a market level salary, the expected annual base salary will be about €70K. For candidates that obviously bring more, our client is willing to pay more. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

South-West Netherlands

 

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339




Wanted: Cash Manager with City Financials Expertise (m/f)

22-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Cash Manager with City Financials Expertise (m/f)

Tasks Credit Analyst

The cash manager is responsible for operational tasks like forecasting, payments, liquidy management and bank relationship management. Specifically the use and improvement of the TMS, City Financials, will take substantial time.

Ideal Credit Analyst

The ideal candidate for this position has corporate cash management expertise. Only candidates with City Financial experience will be considered.

Our Client

Our client is a multi-billion, international company with a large presence in The Netherlands. 

Remuneration and Process

We are in dialogue with our client about the set of tasks and the ideal candidate for this position. Our first feasibilty study shows a limited number of candidates in the Dutch labour market with City Financials experience. As this is a dealbreaker, we already started communicating with the market mentioning this constraint. We invite candidates with this expertise to contact us and find out if this position might be for them. The Treasurer Test might be part of the recruitment process.

 

Location

Utrecht Region

 

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339




New Job Opening in Treasury: Credit Analyst (m/f)

15-04-2020 | Treasurer Search | treasuryXL

Our partner Treasurer Search is looking for a Credit Analyst (m/f).

Tasks Credit Analyst

The Credit Analyst will focus on the financial analysis of counter parties from around the world. He communicates with internal and external stakeholders, combines different sources of information and uses these to (help) make solid decisions. The Credit Analyst reports to the Head of Treasury and Finance.

Ideal Credit Analyst

The ideal candidate has a relevant Bachelor or Master degree and at least 3 years of experience with analyzing counter party risk. He has experience with credit ratings, credit insurance and balance sheet analysis. He is expert in his field and combines good communication with analytical skills. As our client is in a transition, the ideal candidate is flexible and able to deal with organizational change.

Our Client

Our client is a company with a multi billion revenue stream and a global presence. Recently the organisation went through a transformation, the rebuilding of treasury and finance is one of the results of this. The company culture can be described with key words like: result oriented, hands-on and multi-cultural.

Remuneration and Process

Our client offers a market level salary, the annual base salary is expected to be between €60K and €70K. For interested candidates who qualify, a more elaborate job description is available. The Treasurer Test might be part of the recruitment process.

 

Location

Eindhoven Region

 

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339




5 reasons why the most qualified candidate does not get the job

08-04-2020 | Treasurer Search | treasuryXL

Kim Vercoulen is recruitment consultant specialized in treasury vacancies for interim and permanent positions. As a recruitment consultant she often experience that the most qualified candidate does not get the job. In her blog below she gives 5 reasons why the ‘perfect match’ is not a matter of course… enjoy!

You may have been in the situation yourself that you read a job description where you find that the requirements match your experience for (almost) 100%.  You get invited for one or two interviews, you think it went great and expect positive feedback. But then.. You receive the call that they will propose an offer to another candidate. You are puzzled and don’t know what you could have done more. As a recruiter I have seen this situation and in this article I will discuss 5 reasons why the best qualified candidate does not always get hired.

1. Interview skills

For starters, getting a job takes a different skill set than doing the job. I see so many jobseekers focused on their previous experience in the field, which of course also is necessary, but getting the job requires you to practise other skills you might not have used in a long time. Skills like how to interview, network and negotiate. Recognize that these are skills that need practice. In a previous article we wrote we give you tips on how to prepare. You can also find a lot of helpful interview tips on the internet.

2. Socially desirable answering

One thing we also see is that people often give socially desirable answers in an interview. They give the answers they think the recruiter wants to hear. This gives the recruiter an unnatural impression and can hurt your credibility. In interviews the feeling you leave your conversational partner with plays a big role, you can imagine that only giving socially desirable answers does not leave them with a good feeling about the interview. They might think you are hiding your true self. That’s why it’s always better too keep your answers honest and authentic.

3. No match with company culture

You can be the perfect candidate on paper but in real life not fit in with the company culture. This could feel as unfair, but for both parties (candidate and company) this is very important in order to make a long lasting match. When you don’t feel at home you will be simply less enthusiastic, less motivated, less productive and will likely end up leaving the company sooner.

4. Lack of enthusiasm

Sometimes we receive feedback from our clients that they think the candidate could do the job very well, but that they did not feel that the candidate was enthusiastic about the company and the job. Do not assume that just because you applied it signals that you want the job. Make sure your verbal as well as your non-verbal communication shows how much you want to be hired. In the end we see that in most cases an employer will pick the enthusiastic though less qualified candidate over the more qualified but tepid candidate. So do not be afraid to explicitly state your enthusiasm for the job.

5. Unrealistic salary indication

Our clients always ask us to introduce candidates with a salary indication to make sure this will not become a dealbreaker in the end of the process. We sometimes speak to candidates who do not know their market value and ask for a too high (or too low) salary based on the market rate. Going too low can lead to underestimation and can result in employers thinking you might not be up for the task, while aiming too high can result in not getting the job because they can’t afford you. Make sure you know your worth before starting with applying by studying vacancies and using online tools. You can always consult us too, we have a good view on the treasury market and can help you with setting a realistic salary indication.

Take advantage with the Treasurer Test

Treasurer Test is the assessment tool for treasurers and it’s integrated in our services. With the Treasurer Test result report you can show your treasury skills at a glance next to your cv and motivation.

Find more info about the Treasurer Test here.

Take a deeper dive into how we integrated the Treasurer Test in our services here.

Author

 

T: (0850) 866 798
M: (06) 2467 9339

Career calibration meetings with Treasurer Search

01-04-2020 | Treasurer Search | treasuryXL

Due to the current economic circumstances it might not feel like the right time to take a next step in your career.

 

It might however make you think about where you are going in your career and how your next step should look like.
If you are one of those people, don’t hesitate to contact Treasurer Search for an online career calibration meeting.

You can contact Kim Vercoulen directly with below contact details.

Contact person

 

T: (0850) 866 798
M: (06) 2467 9339