Top 5 most read articles at treasuryXL.com and LinkedIn of 2020

| 31-12-2020 | treasuryXL | Kendra Keydeniers

The last day of 2020 is here. The whole world experienced a ‘year not to forget’. I can imagine that when you popped the champagne last year you had other thoughts and plans in mind for 2020.

To make sure you don’t miss out on the pieces that made the most impact this year, we sifted through the data to uncover the articles our readers loved most in 2020 on our website and LinkedIn. (Treasury Topic ‘What is’ articles excluded).

Top 5 treasuryXL website articles of 2020

  1. Corporate Governance and Treasury | Embrace the Corporate Treasury Policy

    by Francois De Witte

  2. Top 5 most common pain points in Treasury

    by Michael Ringeling

  3. Corporates: Caveat IBOR!

    by Daniel Pluta, Enigma Consulting

  4. Exclusive interview with FX specialist Arnoud Doornbos about FX Risk Management

    by treasuryXL, Arnoud Doornbos

  5. How to simplify Procurement and Finance in the Supply Chain

    by Wim Kok

Top 5 treasuryXL LinkedIn posts of 2020

  1. Nomentia (former OpusCapita) makes Liquidity Management free for all customers!

    by Nomentia

  2. What is the difference between Treasury and Accounting?

    by TreasuryXL

  3. The missing part of a Treasury Job Description

    by Aastha Tomar

  4. An introduction to Forwards, Futures and Options Part 1

    by Aastha Tomar

  5. Partner Interview Series | The deeper dive with TIS (Treasury Intelligence Solutions)

    by treasuryXL, TIS

Within two weeks we will post a full recap of 2020 with an overview of the partners and treasury experts that have joined us, together with some interesting treasuryXL facts!

Thank you for being part of the treasuryXL community. Now it’s time to pop the champagne! Let 2021 begin…

 

Kendra Keydeniers

Director, Community & Partners treasuryXL

Recap of the first ‘Meet the Expert’ interview series and full overview

| 04-08-2020 | by Kendra Keydeniers |

A couple of months ago, we started the ‘Meet the Expert’ interview series with experts from the treasuryXL community with different treasury expertise.

Treasury needs to deal with an increasing availability of alternative financial products, intensifying risk management requirements, regulatory and compliance constraints.

What do our experts think about this rapidly growing movements within the treasury world? What developments do they expect in the future? What opportunities do they see?

We interviewed 10 experts over the last 10 weeks and asked them about their treasury career, experiences, the future of treasury and of course how COVID19 impact treasury from their perspective.

Did you miss an interview? No worries, here is a full overview of the ‘Meet the Expert’ series:

 

 

 

Bertus van de Kamp

Senior Business Consultant & Cash Management Specialist

read interview

 

 

 

 

 

Wim Kok

International Business Consultant & Trade Finance Specialist

read interview

 

 

 

 

 

Aastha Tomar

FX & Derivatives | Debt Capital Markets | MBA Finance | Electrical Engineer | Sustainability

read interview

 

 

 

 

 

Michael Ringeling

Corporate Treasury, Corporate Control and Banking

read interview

 

 

 

 

 

Olivier Werlingshoff

Cash- and Treasury management

read interview

 

 

 

 

 

Ger van Rosmalen

Trade Finance Specialist

read interview

 

 

 

 

 

Francois De Witte

Owner at FDW Consult | Sr. Project Manager at Gaming1 | CFO at Safetrade Holding

read interview

 

 

 

 

 

Arnoud Doornbos

Interim Treasury & Finance | Consultant | FX & Interest Derivatives | Treasury Outsourcing| Risk | Fintech | TMS

read interview

 

 

 

 

 

Vinzenco Masile

Treasury Expert/Credit Risk Manager

read interview

 

 

 

 

 

Arnaud Béasse

Debt Management Specialist

read interview

 

 


A big thank you to everyone that worked with me on this series, to everyone that selflessly shared their knowledge and experience with all of us! You guys rock.

If you’ve enjoyed our series so far, don’t worry, this is just the beginning! We are looking into more perspectives to share with you later this year when we will start the second ‘Meet the Expert’ interview series.

Take care and thanks for reading,

Kendra Keydeniers
Community & Partner Manager at treasuryXL

Meet our Experts – Interview Michael Ringeling

16-06-2020 | Michael Ringeling | treasuryXL

Meet our Expert Micheal Ringeling, an experienced Treasurer with a unique combination of corporate treasury, corporate control and banking expertise. A solid base in finance (Stork, TenneT) and banking (ABN AMRO Bank) contributed to his specialisation in treasury. Being hands on, trustworthy and creative with a can-do mentality, Michael worked as independent interim treasurer in the past nine years for various companies like TNT, Vion, TomTom and Unit4.

Knowing all the ins and outs in the world of treasury, he will hit the ground running and provide efficient and effective solutions on every operational and strategic level in the following areas:

Treasury and Cash Management

  • Cross border cross currency cash pooling, efficient banking infrastructure
  • Finance agreements
  • Intercompany loans, in house bank and intercompany netting
  • Interest rate and foreign exchange (FX) risk management and deal execution (hedging)
  • Treasury policies
  • Cash flow forecasting
  • Establish an optimal relationship between organisation and financial institutions

Treasury Control

  • IFRS, financial instruments and disclosures in the annual report
  • Alignment between Treasury and Control.

We asked him 11 questions, let’s go!

1. How did your treasury journey start?

I started my career in controlling and worked as a corporate controller for the national high voltage grid operator in the Netherlands (TenneT) when the finance director asked me if I would be interested in arranging a bridge loan facility for the acquisition of a company. The answer was obviously yes and that is how my treasury journey started.

2. What do you like about working in Treasury?

The interaction with various people in the business, managing liquidity and funding, finding smart solutions to optimise payment processes, deal with foreign exchange risks. In short, all different aspects of treasury that contribute to the company’s success.  

3. What is your Treasury Expertise?

I am an experienced treasurer with a unique combination of corporate treasury, corporate control and banking expertise.
Finance agreements, Liquidity management, Cash pooling, Efficient banking infrastructure, Intercompany loans, In house bank and intercompany netting, Interest rate and FX risk management, Deal execution, Treasury policies, Cash flow forecasting, IFRS, Financial instruments and disclosures in the annual report and establishing an optimal relationship between organisation and financial institutions are the core of my expertise.

4. Do you have examples of risk mitigation, creation of opportunities and/or cost savings?

For multiple companies, I have advised and executed numerous FX, interest rate and commodity hedges, mitigating the underlying business risks. I have arranged finance agreements enabling companies to pursue new business growth opportunities and implemented cash pools, optimising the cash positions and reducing finance costs.

5. What has been your best experience in your treasury career until today?

I would say the entire journey is one big experience.

6. What has been your biggest challenge in treasury?

Being an interim treasurer, every assignment has its challenges that need 100% attention. The biggest one was a time critical refinance to safeguard business continuity.

7. What’s the most important lesson that you’ve learned as a treasurer?

As a treasurer you are responsible for safeguarding one of the most valuable assets: cash. So be trustworthy at all times, communicate and make sure to always have access to sufficient liquidity.

8. How have you seen the role of Corporate Treasury evolve over the years?

Yes and no. The most important role of a treasurer is safeguarding liquidity. That has not changed much since the concept of money was invented in ancient history. What did change is that we no longer need well armored knights to physically protect the cash. Today’s defense mechanisms are more and more about automation, digital security and regulatory frameworks.

9. The coronavirus is undoubtedly an unprecedented crisis. In general, can you elaborate on the impact this virus has on treasury from your perspective?

Disruptive events like the COViD-19 crisis increase focus on business continuity. Protect your people and your liquidity! Many companies obtained additional (stand-by) credit facilities to make sure sufficient liquidity is available should the business be negatively impacted by the COVID-19 crisis. Cash is king again.

10. What developments do you expect in corporate treasury in the near and further future?

Increasing importance of automation, digitalisation and regulatory frameworks to safely operate corporate treasuries.

11. What is your best advice for businesses without a Treasurer?

Contact treasuryXL and call me.
Most small and mid-size companies will not have a full-time treasurer on board. That does not mean they don’t have treasury risks. Think about finance agreements and their terms and conditions, interest rate risk, foreign exchange risk, payment processes, electronic banking, bank guarantees and bank relationships. Some of these can be efficiently managed by the controller or finance director. However, some treasury topics can be handled better by a specialist. Ad interim, part-time, on a project basis or in an advisory role to support the finance director. Interested in how I can support? Please contact me, I’m just one phone call or email away.

 

 

 

Michael Ringeling

Treasurer

 

 

 


Does your business need support in Treasury or a Treasury QuickScan?

We have treasurers available, go to Rent a Treasurer for all information.



Top 5 most common pain points in Treasury

14-02-2020 | treasuryXL | Michael Ringeling

The purpose of Treasury is to manage a company’s funding, liquidity and to mitigate its financial and other risk. Made up of three sub-disciplines, Treasury’s overall objective is to safeguard the company’s holdings and to follow the long-term strategy set forth by Corporate Finance (and strategy). Cash Management, on the other hand, is primarily focused on operational, short-term, efficiency and process optimisation, whereas Risk Management is oriented towards financial research and operational controls.

Michael Ringeling, corporate treasury expert,  made a top 5 of the most common pain points he encounters in Treasury, including consequences and a solution.

Top 5 of the most common pain points in Treasury

 

  1. Too many bank accounts at too many banks

Consequence:
Complex to manage, poor control, higher risk of fraud, higher costs, more KYC/AML requirements

Solution:
Less bank accounts at fewer banks, all via one or two electronic banking systems or multibank platform to manage payments and cash flows. The result will be more efficient, more secure and more cost-effective payment transactions, reporting and reconciliation into the ERP system.

  1. No reliable cash flow forecast

Consequence:
Poor liquidity management. Insecure about the required short and long term funding and poor management information.

Solution:
A good cash flow forecast, providing adequate insight in the organisation’s short and long term cash flows, will contribute to an efficient funding strategy and lower cost of funds.

  1. FX results, (negatively) impacting the company’s P&L

Consequence:
The company’s financial results are impacted by unforeseen and unknown FX results

Solution:
FX risk management analyses, create a FX policy and perform deal execution (hedging) to control FX results

  1. New Loan Agreement needed – negotiations

Consequence:
Difficulties in assessing if the loan terms and conditions are fair. Risk of overpriced loans and/or unfavorable terms and conditions required by the bank(s).

Solution:
Assist the company when negotiating with the bank(s) to get a fair deal with terms and conditions that will not unnecessary limit the company’s flexibility.

  1. Cash is trapped on too many stand alone bankaccounts around the world

Consequence:
Company cannot effectively use a significant amount of cash, resulting in higher (short term) loans and higher interest costs.

Solution:
Implementation of a cross border cross currency cash pool to centralise the company’s cash balances. As a result the amount of local trapped cash will be reduced and that cash can be used for general corporate purposes. Less short term loans and lower interest costs.

Sounds familiar?

Do you recognize the pain points that we mention above in your business? Or are you experiencing other critical treasury pain points in your business?

In our active network there are several treasury experts who can offer treasury support. They can be hired for specific projects or on a regular basis. Check Rent a Treasurer and let us help you.

 

Michael Ringeling

Corporate Treasurer Expert