Senior Analist Financieringen & Treasury (m/v)

25-09-2020 | Treasurer Search | treasuryXL

Onze Partner Treasurer Search is op zoek naar een Business Opbouwer (m/v) TMS / Financïele Software voor een opdrachtgever die al decennia actief is in de markt voor treasury management systemen. Samen met de sales manager ga je de Nederlandse markt veroveren:

  • Je buitenlandse collega’s werken je in, vertellen je waarom deze software de internationale treasury software markt tegenwoordig leidt, zowel qua technologie als qua groei. En op welke wijze zij succes hebben, wat je daar van kan overnemen en hoe ze je kunnen helpen;
  • Je bepaalt wat de klanten zijn die je het liefste voor je organisatie wint. En hoe je met hen een relatie op opbouwt.
  • Vervolgens snel aan de slag: heel veel bellen, maar ook events en social media!

Je vormt een tandem met de sales manager waarin hij buiten en jij binnen opereert. Vanzelfsprekend zijn door corona de kaarten opnieuw geschud en bedenk je met hem en je collega’s in London wat nu de beste aanpak is.

Ideale Kandidaat

Dit is geen baan voor mensen zonder ervaring. Je sprak al veel met financials, dat kunnen treasurers zijn maar ook CFOs en controllers. Op hun vakgebied hoef je geen expert te zijn, je moet wel vertrouwen en een relatie op kunnen bouwen. Je bent resultaatgericht en niet bang het eerste contact te leggen. Mogelijk is dit de baan die je al langer deed en doorzet, mogelijk wil en kan je verder in deze groeiende organisatie.

Onze Opdrachtgever

Onze opdrachtgever is al decennia actief in de markt voor treasury management systemen. De afgelopen jaren is er veel geïnvesteerd in technologie en is het bedrijf één van de weinigen die wereldwijd de markt bewerkt. De technologie is ijzersterk maar de organisatie is niet techniek-verliefd: klanten helpen en overtuigen, daar gaat het om. Commercie wordt op een heel doordachte manier gedaan, er is meer dan voldoende ruimte voor lokale initiatieven.

Salaris en vergoeding

De bedrijfscultuur is merkbaar prestatiegericht, de on-target-earning voor deze rol is €60K, waarvan een derde bonus. Deze is uncapped. De onderneming investeert in opleiding en een loopbaan ontwikkelen, in Nederland of internationaal, is mogelijk.

Voor kandidaten die passen en interesse hebben, is een uitgebreide beschrijving beschikbaar.

Contact person

Pieter de Kiewit

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





Location

Nederland – Home Office


APPLY HERE

How to Effectively Track Your Expenses

24-09-2020 | treasuryXL | XE |

When you look for advice on how to create a budget or save more money each month, the first step is usually to track your expenses. But how do you really do that?

Tracking your expenses is a great way to start creating your personal budget, but it’s also a great way to:

  • Spot patterns in your spending, including potential problem areas
  • Be more conscious of your day-to-day spending and prevent impulse purchases
  • Set realistic financial goals
  • Reduce stress surrounding your finances.

But how exactly do you track your expenses, especially when you have a lot of them? Are you supposed to track everything down to the $2 you spent on a drink at the vending machine? Where do you start? How often should you track your expenses? Tracking your expenses sounds straightforward enough, but when you don’t know where to start, it can feel like an overwhelming task. We’re here to help. Keep reading to learn more about how to track your expenses and where to go once you’ve done that.

Write it all down

Yes, all of them. Don’t just track the big purchases or the regular payments. Everything from your rent or mortgage payments to your occasional takeout order needs to be tallied up. Think of it this way: does it cost you money? If so, add them to the list, even if they don’t feel like traditional “expenses”. We recommend splitting your list into three categories: daily, weekly, and monthly. This will help you to understand your short-term, in-the-moment spending habits as well and also keep track of spending over time, to better spot patterns.

How you do it doesn’t matter. Some people prefer the old-school pencil-and-paper method, while others prefer to use spreadsheets or computer programs. There are even budgeting apps that you can use to track your expenses and generate a budget. Choose whichever method you’re comfortable with and know you’ll stick with, and get started!

Break them into categories

If you’ve ever sought out advice on saving money, it’s almost certain that you’ve been advised to remove or reduce your unnecessary expenses and purchases. And it’s true: not all expenses are created equal. Some are essential to keep yourself alive and well, while others might be technically unnecessary but built into your current routine and lifestyle, while others are in-the-moment impulse buys. Budgeting advice typically dictates setting aside a certain amount of money for the unnecessary but enjoyable purchases each month after you’ve already established how you’ll cover your essential expenses. In order to differentiate between the three, we recommend further categorizing your expenses. Consider using the following categories:

  • Bills and other essential regular payments (such as rent or mortgage payments, student loans, car payments, credit card payments, insurance, or utilities)
  • Nonessential regular payments (such as streaming platforms, online subscriptions, gym memberships, and other services)
  • Groceries
  • Eating out or ordering in
  • Gas
  • Prescriptions or medical costs
  • Pet costs (if you’re a pet owner)
  • Charitable donations
  • Personal spending (such as online shopping or buying other goods or services solely for enjoyment)
  • Caring for your family or sending money to loved ones

With each expense type, consider: is this necessary? If not, is this something that brings me happiness or fulfillment? What would happen if I didn’t spend money on this? These questions will help you to determine where these expenses fit in your overall budget.

Look for patterns

Granted, your expenses won’t always be exactly the same. For example, winter holidays mean that you’re likely to spend a little more than usual in December, while you may have some months without many social gatherings or events that necessitate spending money. However, general trends will pop up. For example, do you always stop at the same coffee shop before work? Do you typically order takeout on Fridays? Do you pay for 4 different streaming services, but only consistently use one? How many online purchases did you make this month? How much is your old car costing you in repairs and maintenance?

Some patterns may not surprise you, but others may be eye-opening. Seeing just how much you spend each month on certain things could make you think: do I really need to be spending this much money on these things? Are there other areas in my life where I could use this money?

Use it to form smart financial habits

Now that you know what your expenses are, you’re well on your way to forming a smart, sustainable budget. Compare your expenses to your current monthly income and calculate how much is left over each month. Are you happy saving this much each month? What are you doing with the extra money?

If you’d like to have more left over each month, now’s the time to turn back to your categorized expenses and calculate where you could stand to spend a little less. You could even put “savings” down as a consistent monthly expense, and hold yourself accountable for putting a certain amount of money away each month. Just like your budget, your expenses should be revisited on a regular basis as your circumstances and spending habits change. If your current spending habits aren’t working for you, give it another go.

One common mistake is to immediately cut out all or most of your “unnecessary” spending, but just like immediately cutting out all remotely unhealthy foods from your diet, it’s likely not going to be sustainable in the long run and will only lead to resentment. You’re allowed to have fun and spend money on yourself! Tracking your expenses and creating a budget is the way to do it while still being financially responsible and planning for the future.

 

Get in touch with XE.com

About XE.com

XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.

Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.

Your company money is safe with XE, their NASDAQ listed parent company, Euronet Worldwide Inc., has a multi billion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have a truly global coverage.

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.

 

 

Visit XE.com

Visit XE partner page

 

 

 

Blockchain becomes a reality: growing adoption

| 23-09-2020 | Carlo de Meijer | treasuryXL

Early July I wrote my blog Blockchain and Interoperability: key to mass adoption. There I concluded that “we may say that blockchain seems to be at the threshold of widespread acceptance and adoption”.

This conclusion was confirmed by Deloitte’s Third ‘Global Blockchain Survey 2020’ studying the investment and development trends in blockchain technology. This Survey showed that attitudes toward blockchain have obviously, and measurably, shifted in a positive way. It showed progress in the adoption and implementation of real-world blockchain solutions across a variety of businesses and sectors. Organizations have increased their investments, demonstrating their commitment to blockchain technology. But what about COVID-19?

Deloitte 2020 Global Blockchain Survey

Deloitte’s 2020 Global Blockchain Survey shows the results of a poll amongst almost 1500 senior executives and practitioners from 14 countries that was conducted between February 6 and March 3 this year. Those interviewed had at least a “broad understanding of blockchain, digital assets, and distributed ledger technology (DLT)”.

Main findings

The Survey observed a change in attitudes towards blockchain, with more positive feedback. One of the main conclusions was that blockchain is “solidly entrenched in the strategic thinking of organisations”.

According to the Survey “organizations appear to be more committed than ever” to blockchain. Compared to Deloitte’s 2019 Global Blockchain Survey, there was a significant increase in the interest and implementation of blockchain across businesses. This is further confirming blockchain’s maturity as a valid solution for many institutions and enterprises.

Blockchain already is an integral and vital tool upon which—and with which—new, innovative solutions are being created, and the Survey shows confidence amongst respondents that blockchain solutions will gain even greater traction within the global business community over the next 12 to 24 months.

General consensus, as a key takeaway from the report, was around acceptance of blockchain’s scalability, which continues to increase. 88% believe blockchain is highly scalable and will eventually become mainstream.

Strategic priority for organisations

But let’s look somewhat deeper into the various results. One of the main conclusions is that blockchain technology is increasingly becoming a true strategic priority for organisations. This was affirmed by 55% (2019: 53%) of respondents saying blockchain is critical and in their top-five strategic priorities, with 66% of executives forecasting investments of $1million or more in the next 12 months.

More than four in five respondents (83%) in the Deloitte Survey believe they will lose competitive advantage if they don’t adopt blockchain (2019: 77%). 63% said it was vital to move forward in the blockchain space.

Blockchain initiatives: real-world use cases

In terms of applications, increased advances of large-scale blockchain initiatives are occurring, such as blockchain-based financial infrastructure to simplify global money movement and commerce, as well as distributed ledger technology (DLT) for trade finance and blockchain track-and-trace platforms, among others.

The Survey also revealed increased blockchain initiatives in daily processes. These smaller-scale examples of blockchain adoption, such as title transfer and protection, patient data storage and retrieval, and more efficient voting or food sourcing tracking are “proving to be just as transformational in the way people live and the way work gets done”, according to the Survey.

Adoption of blockchain-based solutions

Adoption of blockchain-based solutions is increasing across organisations, with technology, media and telecommunications (TMT), financial services and non-food manufacturing industries leading the trend.

The number of companies around the globe now driving to intensify their blockchain (and digital asset) integration is speeding up according to the recent Survey. As to what drove them to innovation, 86% of respondents cited their executive teams saying that there are compelling business cases for the use of this technology.

This year, almost twice as many firms surveyed have integrated blockchain solutions compared to 2019. The Survey discovered that 39% of respondents had already implemented blockchain into their operations (2019: 23%), clearly showing this technology is gaining traction. The production figure was even higher at 46% for organizations with more than $1 billion in revenues.

When it comes to preparations for a blockchain-based future, 82% of respondents said they are already hiring new staff with blockchain expertise or plan to do so within the next 12 months (2019: 73%).

Where are corporations using blockchain?

According to the Survey, the top five use-cases for blockchain mentioned by the respondents include digital currencies (33%), data access and sharing (32%), data reconciliation (31%), identity protection (31%), and payments (30%), while track- and trace and asset protection, were adopted by between 27% and 33% of respondents.

Proliferation of digital assets

An interesting part of the Survey is the growing acceptance of digital assets. The Survey unveils the growing role and evolution of digital assets in the near future. 70% of respondents consider the pace of regulatory changes for blockchain and digital asset solutions as very or somewhat fast.

“Digital assets are now enabling enhanced commercialisation models across industries and geographies.” Deloitte Survey

Nearly 89 per cent of those surveyed believe that digital assets will be very or somewhat important to their industries in the next three years.

“Our survey confirms what we see in the marketplace — a proliferation of digital assets used as a means of exchange, a store of value, digital representations of specific assets, or equity in a company,” Rob Massey, partner, global and US tax leader for blockchain and digital assets, Deloitte Tax LLP

Digital assets can be used for a variety of purposes. Respondents who considered digital assets in their business models were most focused on enterprise controlled (64%) followed by general asset-backed (63%), while cryptocurrency comes at number three, with 59%.

A majority of respondents from each country, 83% of the respondents (and even 94% in China) said they strongly (or somewhat) believe digital assets will serve as an alternative to, or even replacement for, fiat currencies in the next five to ten years.

“While our survey revealed great faith in digital assets’ future importance, it shows no clear or specific consensus about exactly how those assets will be used or the specific role they will play—a kind of incoherence that we have seen in blockchain use cases in the past and today,” Survey

A vast majority of respondents expressed confidence that they will meet their regulatory burdens. Some 80% claimed to be very or somewhat prepared to deal with the regulatory aspects of digital assets (KYC, Tax, GAAP/FAS, etc.).

Other areas

The Survey also deep-dived into the issues of global digital identity and consortia and governances.

The Survey explored the use of global digital identity. 90 % of respondents believe global identity will be very or somewhat important in their future blockchain and digital assets strategies. Among the applications of digital identity, global financial transactions (29%) and data privacy (27%) stand to benefit the most.

The 2020 Survey studied the issues faced by enterprises when joining a consortium. It revealed leadership perspectives around joining consortia and an increased understanding of the benefits of consortia to help address regulatory and other complexities of implementing blockchain.

These same leaders thereby shared concerns about how consortia are run, how decisions are made, and how profits are shared across memberships. The most prominent challenges for 41% of the respondents of joining a consortium were the inability or incompetence  to create fair and balanced governance rules and poorly defined roles and responsibilities of members.

These concerns can be exacerbated further based on geographic, namely cross border, and industry-specific governance.  I described that in detail in one of my earlier blogs “Blockchain consortia need good governance: but how?”.

Blockchain and the regions

While global adoption has increased, blockchain adoption proved to be uneven in different countries. Countries’ averages are varying wildly whereby China turned out to be one of the biggest supporters of blockchain and digital assets.

While in China 59% of the respondents stated that their companies have already incorporated blockchain into production, this figure is almost twice as small (31%) in the US. The APAC region stood at 53%. Other countries are also outpacing America in terms of blockchain integration. Throughout the European Union including the United Kingdom, blockchain is witnessed as a matter of priority with multiple approaches.

Countries worldwide also follow multiple approaches. Asia Pacific responses revealed a widespread recognition of blockchain’s strategic value, while China expressed concerns over cross-border implications. Germany exhibited substantial activity around crypto regulation.

The UK market is seeing ongoing and increasingly mature activity across key sectors with several substantial projects now live, typically among industries reliant on complex, multiparty, and international supply chains. UAE is evolving as a digital assets hub with a consistently growing ecosystem. While Israel is emerging as a leader in blockchain innovation.

Sceptics

However, sceptics about blockchain remain. It is important to note that 54% of respondents said that blockchain is overhyped, compared to last year’s 43%. This has all to do with remaining barriers. The respondents claim there are still a number of organisation or project barriers that prevent them from adopting and implementing blockchain.

According to the Survey the top barriers of blockchain adoption include: implementation: replacing or adapting an existing legacy system (35%), concerns over sensitivity of proprietary information (34%), potential security threats (34%) an lack of regulatory clarity.

As companies develop use cases and adopt digital assets, the most significant problem areas are new tax and regulatory compliance structures. A patchwork approach, different regulatory treatments, or improperly defined parameters could threaten the underlying advantages of these blockchain solutions. But companies are not impressed by this, and some 80% claimed they were prepared to deal with regulatory aspects of digital assets.

Along with regulatory uncertainty, 58% of respondents said cybersecurity was also impacting their blockchain and digital asset strategy. Meanwhile, 21% said cybersecurity was the only hindrance to advancing their strategy.

But what about the impact of COVID-19?

According to the KPMG COVID-19 Survey that was published in August, blockchain investments fell by 63% because of COVID-19. The report compiled by KMPG International and HFS Research, is drawing on a survey of 900 technology executives from different organizations on the Forbes Global 2000 list of the largest companies in the public that have more than $1 billion in annual revenue.

According to the report roughly 40% of the executives indicated that they had moved to entirely cease investment into the emerging technology initiatives. Distributed ledger technologies (DLT) slid from the largest emerging technology sector with an average investment of $18 million in March/April,  to the second smallest with $6.5 million in May/June.

7% of the executives said COVID-19 had significantly changed strategic priorities for emerging technologies. In the earlier survey, the priorities were cost reduction and improved brand value. Since May/June, emerging technologies are now assessed based on survival.

The report also found that 59% of the executives believe that the pandemic created an impetus to accelerate digitization initiatives. After the heavy funding cuts for blockchain that occurred in 2020, global companies are looking forward to the technology as a way to regain a competitive advantage in the business landscape after the Corona crisis. They predicted that blockchain will be one of the five emerging technology sectors that will see increased investments from enterprises over the next 12 months.

Blockchain won’t be cut across the board. Projects that are close to production or already live are less likely to be put on hold if they can show reasonably quick returns. Blockchain tools that can help improve a company’s visibility into its own supply chain are the sorts of candidates that could attract budget. Applications that combine blockchain with other more “survival oriented” emerging technologies could also do better.

Blockchain is a reality already!

The Corona-crisis will undoubtedly have negative impact on blockchain for some time. Companies will turn their interest towards less ambitious, more targeted projects.

But the substantial portion of respondents of the Deloitte Survey who already have blockchain in production in their organization highlights the growing maturity. There is however still substantial work to be done. The report does note that “it remains an iterative process, with bumps remaining in the road”.

“As companies adopt and implement blockchain solutions, and as leaders increasingly accept blockchain as a fact rather than a future breakthrough, there remains an underlying level of uncertainty about current and future applications of blockchain technologies.” “We don’t expect that organisations will sort this all out right away – this process will continue to take time, depending on industry, maturity, risk tolerance, and budgets.” Deloitte Survey

But the sentiment at companies towards blockchain has definitely changed. This technology is increasingly becoming a reality for many of them, not just in the future but already!

 

 

Carlo de Meijer

Economist and researcher

 

 

 

 

Source

Partner Interview Series | More than a decade of Treasurer Search proudness

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.

AN INTRODUCTION TO

 

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!

 

INTERVIEW

1. Can you tell us about Treasurer Search and its mission and vision?

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.

2. What was the main reason to start with Treasurer Search in 2009?

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.

3.  How would you describe your company in 3 words?

Results, expertise, authentic

4. Can you take us with you into your company culture? How would you describe it?

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.

5. What is, in your perception, the biggest benefit for clients and candidates to work with Treasurer Search?

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.

6. What has been your biggest challenge since the start of Treasurer Search? And how did you deal with it?

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.

7. What is the best learning experience you ever had as business owner of a treasury recruitment club?

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.

8. In the last 10 years, what are the main differences in the world of treasury & recruitment?

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.

9. How do you see the future of the function of treasury?

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.

10.  How important is treasury in times like these? In times of COVID19….

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.

11. Tell us, 10 years from now, what does Treasurer Search look like?

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.

BONUS QUESTIONS

What makes you happy in your work?

Results. See that my colleagues are happy in their job and help candidates and clients moving forward.

What are you most proud of in your career at Treasurer Search?

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.

Prinsjesdag 2020, unique and economically uncertain times

21-09-2020 | by Rowan Hermes | Symbid

Prinsjesdag 2020 was unique. For the first time since 1904, the Speech from the Throne (Troonrede) was not delivered in the Ridderzaal, but in the Grote Kerk. More attention was paid to the different mouth masks than to the hats on the hottest Prinsjesdag ever. Without a Golden Coach, a balcony scene and people dressed in orange, it was a sober day. But a number of traditions remained, including the leakage of some of the plans (well) before Prinsjesdag. The main message of the Speech from the Throne was that the Netherlands must brace itself for the consequences of a severe economic setback. We look at two measures that are of interest to investors.

Blog is in Dutch language:

 

Source

Business Opbouwer (m/v) TMS / Financiële Software – Dutch Speaking

18-09-2020 | Treasurer Search | treasuryXL

Onze Partner Treasurer Search is op zoek naar een Business Opbouwer (m/v) TMS / Financïele Software voor een opdrachtgever die al decennia actief is in de markt voor treasury management systemen. Samen met de sales manager ga je de Nederlandse markt veroveren:

  • Je buitenlandse collega’s werken je in, vertellen je waarom deze software de internationale treasury software markt tegenwoordig leidt, zowel qua technologie als qua groei. En op welke wijze zij succes hebben, wat je daar van kan overnemen en hoe ze je kunnen helpen;
  • Je bepaalt wat de klanten zijn die je het liefste voor je organisatie wint. En hoe je met hen een relatie op opbouwt.
  • Vervolgens snel aan de slag: heel veel bellen, maar ook events en social media!

Je vormt een tandem met de sales manager waarin hij buiten en jij binnen opereert. Vanzelfsprekend zijn door corona de kaarten opnieuw geschud en bedenk je met hem en je collega’s in London wat nu de beste aanpak is.

Ideale Kandidaat

Dit is geen baan voor mensen zonder ervaring. Je sprak al veel met financials, dat kunnen treasurers zijn maar ook CFOs en controllers. Op hun vakgebied hoef je geen expert te zijn, je moet wel vertrouwen en een relatie op kunnen bouwen. Je bent resultaatgericht en niet bang het eerste contact te leggen. Mogelijk is dit de baan die je al langer deed en doorzet, mogelijk wil en kan je verder in deze groeiende organisatie.

Onze Opdrachtgever

Onze opdrachtgever is al decennia actief in de markt voor treasury management systemen. De afgelopen jaren is er veel geïnvesteerd in technologie en is het bedrijf één van de weinigen die wereldwijd de markt bewerkt. De technologie is ijzersterk maar de organisatie is niet techniek-verliefd: klanten helpen en overtuigen, daar gaat het om. Commercie wordt op een heel doordachte manier gedaan, er is meer dan voldoende ruimte voor lokale initiatieven.

Salaris en vergoeding

De bedrijfscultuur is merkbaar prestatiegericht, de on-target-earning voor deze rol is €60K, waarvan een derde bonus. Deze is uncapped. De onderneming investeert in opleiding en een loopbaan ontwikkelen, in Nederland of internationaal, is mogelijk.

Voor kandidaten die passen en interesse hebben, is een uitgebreide beschrijving beschikbaar.

Contact person

Pieter de Kiewit

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





Location

Nederland – Home Office


APPLY HERE

What’s the Best Way to Exchange Your Currency for a Trip Abroad?

17-09-2020 | treasuryXL | XE |

Got an international trip coming up? Need to make a currency exchange? Let us talk you through your options.

When you’re preparing for an international vacation, there’s a lot you need to remember to bring. Between your passport, enough clothes, adapters, it’s easy to fill up a few bags with just the essentials. However…it’s also important that you don’t forget to bring some money to use on your trip. Odds are, if you’re traveling internationally, you’ll need to make payments in a different currency. What’s the best way to get the money? When should you make the currency exchange?

You have a few different options for exchanging your currency. We’re going to run through your options and let you know what the best option is and what you should do your best to avoid.

4. Using ATMs and card payments

Technically, you don’t need to make any currency exchanges. If it comes down to it, you can just go to an ATM or use a debit or credit card to make your payments. But while this option might sound like the most convenient one (at least as far as your time is concerned), it’s far from the best option.

When you visit ATMs or use your card to make payments in another country (and currency), you’re going to be subjected to numerous service fees and transaction fees each time you withdraw cash or swipe your card. If you’re there for a short time and only plan on making one or two payments that might not be so bad, but if you’re planning on making numerous purchases, these fees can and will add up—fast.

3. Exchanging in person at your destination

Another common option is waiting until you enter the country, and exchanging your currency there. People typically do this at the airport or at a local bank or currency exchange store.

While this method will let you avoid the high transaction fees, it unfortunately will not protect you from unfavorable rates of exchange. These providers are free to set their own rates, and it is very likely (especially if you’re exchanging at an airport kiosk) that the rates will give you much less for your money than if you transfer elsewhere.

And from a peace of mind perspective, wouldn’t it be nice to have your money taken care of before your arrival? That way, once you arrive, you’re free to start exploring or take a rest, without having to worry about getting money on top of wrangling your luggage and figuring out how to get to your lodgings.

2. Exchanging at the bank before your trip

As we mentioned in the previous section, it’s always nice to have your currency exchange taken care of before you reach your destination. It’s one less item to have on your to-do list when you arrive, and then if something happens upon arrival, you’ll already have the money that you need.

While banks are reliable, easily accessible, and can facilitate a currency exchange for you, they still aren’t the best option. While their rates will be better than those of airport kiosks, banks still come with a few drawbacks—namely, limited working hours, unfavorable exchange rates, and transaction fees.

So where does that leave us? Well…

1. Using money transfer to get currency before your trip

We promise we’re not biased—this really is the best option. Using an online money transfer service to exchange your currency before your trip will allow you to:

  • Avoid transaction and payment fees

  • Trust you’ll get a fair exchange rate

  • Take care of your currency exchange quickly and from your own home

  • Let you relax knowing that your currency exchange has already been handled.

It’s quick and easy to make an online money transfer. You don’t need to find a physical storefront and worry about business hours—you can initiate one on the go, 24/7, 365 days a year.

 

 

Get in touch with XE.com

About XE.com

XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.

Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.

Your company money is safe with XE, their NASDAQ listed parent company, Euronet Worldwide Inc., has a multi billion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have a truly global coverage.

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.

 

 

Visit XE.com

Visit XE partner page

 

 

 

Only 5 days left until the International Treasury Management Virtual Week 2020

| 16-09-2020 | Eurofinance | treasuryXL |

Don’t miss the Treasury Event of the Year! If you haven’t signed up already, here is a reminder to join this great virtual event with incredible speakers and live sessions.

Virtual Event

Now more than ever, we need to learn and engage with other treasury professionals around the world, so that we can navigate and overcome the unprecedented challenges we are facing.

As the current situation unfolds, the role of the corporate treasurer is evolving and becoming more strategic than ever before. The complexities and function of treasury within the business is changing even more rapidly. The question is: What does the future of treasury look like and how will this affect my team? And where can I turn for world-class advice on building resiliency, supporting the business and addressing future challenges?

Look no further than EuroFinance’s International Treasury Management Virtual Week taking place 21-25 September. It will see world-leading treasurers and economists come together to address these issues, deliver big picture global insights and share the essential granular knowledge you and your team need for the path ahead. In the spotlight will be the latest on cash flow forecasting, supply chain finance, tech, liquidity and FX and payments plus much more.

Speakers and Live Sessions

The line-up of speakers is impressive with the likes of Shell, Alibaba Group, HP Inc., eBay, Finnair, Microsoft, Intel Corporation, Schlumberger, Booking Holdings Inc. and Rio Tinto holding centre stage in one of the 75+ live sessions. But don’t worry if you miss a session, they will be available on-demand for you to watch at a time that suits you.

The custom-built virtual conference platform will bring the experience of a live event to life in a virtual world. It offers plenty of opportunities to network and learn from your global peers, plus a smart calendar to build your schedule.

Free Registration

The great news is, the 2020 event comes without a price tag! It is free for corporate treasurers. So, you can get all the world-class expert knowledge and insights you expect from the leading treasury event without the costs of registration, flights, accommodation or even expenses.

What are you waiting for? Set your treasury team up to thrive not just to survive.

Register for free today!

 

Partner Interview Series | XE the world’s trusted currency authority

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.

AN INTRODUCTION TO

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!

 

INTERVIEW

1. Can you tell something about XE and its mission?

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.

2.What kind of FX risk types exists and how does XE deal with it?

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.

3. How can you measure the different types of FX risk?

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.

4. What are the most common critical FX problems that businesses have?

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.

5. How can businesses protect their bottom line against the currency markets?

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.

6. What is, in your perception, the biggest benefit of a working Foreign Exchange strategy?

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.

7. Do you experience differences in FX before COVID19 and the time we live in now? What are the differences?

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.

8. The market is always changing, how does XE stay top of mind of the latest developments in the currency world?

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.

9. How does the future of FX look like in your perspective?

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.

10. What has been your best experience ever in the world of currencies?

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.

 

About XE

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.

International Payments & FX Risk management for business

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

Cash Management Generalist as your next career move?

11-09-2020 | Treasurer Search | treasuryXL

Our Partner Treasurer Search is looking for a Cash Management Generalist for a modern tech company with a global presence. The main tasks of the generalist are in cash management: payments, bank account opening & maintenance, forecasting, liquidity management, et cetera. Occasionally also FX risk or support in funding activities by the CFO will be required. Starting with a focus on a structural availability in cash, the generalist will be allowed to expand responsibilities and pick up other corporate treasury tasks.

Ideal Cash Management Generalist

Essential in the personality of the generalist is that she is not afraid to take responsibility. She has a relevant education and at least two years experience in operational cash management. She is able to oversee what is important and what are the priorities. The ideal generalist is not afraid to do the operational work and knows that, given the size of the organisation, overly sophisticated treasury tooling is not appropriate.

Our Client

Our client is a modern tech company with a global presence and a history of several decades. About 1000 employees work internationally and serve thousands of clients. The high number of transactions has an impact on treasury operations. There is a small CFO team in The Netherlands of which the generalist is a member.

Remuneration and Process

The base salary is expected to be €50K. The Treasurer Test might be part of the recruitment process.

Contact person

Pieter de Kiewit

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





Location

Utrecht Region


APPLY HERE