Masterclass: Ontwikkelingen in het Betalingsverkeer

| 23-04-2019 | ENIGMA Consulting |

In samenwerking met Euroforum organiseert Enigma Consulting op 9 mei 2019 in Driebergen een Verdiepende Masterclass: Nieuwe ontwikkelingen in het Betalingsverkeer.

De veranderingen en innovaties in het betalingsverkeer zijn evident. Allerlei ontwikkelingen grijpen in op het betaaldomein en nieuwe spelers gaan verrassende diensten bieden. Tijdens deze intensieve masterclass krijgt u op 1 dag alle ins & outs van deze veranderingen te horen. En wat voor kansen dit concreet kan bieden voor uw dagelijkse werk! De Masterclass is bestemd voor banken, betalingsverkeer financials vanuit bedrijfleven en overheid, Fintech’s en start-ups.

Onderwerpen Masterclass

Impact Instant Payments

In de loop van 2019 worden betalingen 24/7 binnen 5 seconden afgewikkeld. Instant is het nieuwe “normaal” en klanten verwachten dat dit ook meteen zichtbaar is. Gaan bedrijven dus ook volledig realtime? Dit heeft invloed op alle huidige, vaak batch georiënteerde, betaalprocessen. Hoor hoe u hier effectief op inspeelt!

PSD2 eindelijk geïmplementeerd

De open banking era begint nu echt in volle omvang. Dienstverlening door tientallen Fintech’s en banken die nieuwe services aanbieden op basis van de betaalgegevens van klanten en met toestemming van klanten betalingen initiëren. Accuratere credit-rating wordt mogelijk, blijft iDEAL wel bestaan en wat gebeurt er met de incasso? Wat is de concrete impact nu PSD2 geïmplementeerd is?

Impact Innovaties

Welke impact hebben innovaties als E-signing, big data, Robotics, internet-of-things, open banking en biometrics op het betaaldomein? Gaan de grote Fintech partijen de dienstverlening van banken overnemen?

Services in het betaalproces

Financieel klantbeeld op het “mijn-domein” wordt steeds belangrijker. Welke informatie toont u? En welke self-service mogelijkheden en controles biedt u om het betaalproces te vergemakkelijken? En hoe gaat u om met achterstanden en welke betaalmix biedt u om vorderingen te incasseren?

Aan de hand van concrete klantcases komen alle thema’s aan bod en inventariseren wij hoe u voordeel kunt halen uit bovenstaande onderwerpen!

Meer informatie over de masterclass kunt u vinden op de website van ENIGMA Consulting.

 

 

ENIGMA Consulting

 

 

The evolution of the market for corporate treasury solutions

| 16-4-2019 | by  Pieter de Kiewit |

A few years ago I wrote a blog about the relay in TMS market leadership and kept following the market as an interested bystander. Last years I saw an increase in parties that steer away from traditional solutions for corporate treasurers like banks, consultants and TMS houses. What I saw was the rise of firms like Cashforce (forecasting), TIS (bank independent payment platforms) and NWBM or Kantox (FX dealing). The result is a very diverse landscape of many solutions that cover various aspects of the treasury value chain. Even for experts it’s not easy to oversee what is happening.

Currently I observe the market entering the next phase in maturity. I expected firms like Google, Microsoft, Amazon or SAP to step in, acquire a number of smaller suppliers and start an integration. This is not (yet?) happening. What I see is an increase of cooperation between smaller firms. TIS and Cashforce organize sales meetings together. By now Cashforce has also started a partnership with the traditional bank BNP Paribas. TMS supplier Bellin works together with transaction platform 360T and today I saw that TIS enters a partnership with FX broker Ebury. Apart from this, the traditional bank ABN AMRO launches an Ebury competitor Franx and ING launches a TIS competitor Cobase. All exciting developments and I am not able to predict what will happen next.

What I do know is that it will not be easier for corporate treasurers to make decisions about their infrastructure and services. Modern solutions can offer a lot more and often at a better price level. But what is the best solution? And if you choose for one solution, do you automatically also choose for others? Does your supplier advise you about the best solution or the one where he can get the highest kick back fee? How hard will it be to say goodbye if you are not satisfied anymore?

So for you as a corporate treasurer, the world gets better and more complex. A number of the issues already existed in the past, but were not so obvious. Personally I love to see all new possibilities. I think, at the end of the day, you will have to put in the effort, read, listen and speak, then analyse and decide for yourself. The responsibilities that come with being a treasurer cannot be outsourced.

What do you see in this market? I would love to read or hear from you,

 

Pieter de Kiewit

 

 

Pieter de Kiewit

Owner of Treasurer Search

 

 

AUTOMATING BANK FEE ANALYSIS AND BECOMING BEST IN CLASS

| 15-4-2019 | Vallstein | treasuryXL |

About Vallstein

Vallstein was built around the philosophy that transparency in bank relations should be equally relevant from the perspective of a corporate client towards its banks as vice versa.  The history to date has proven Vallstein´s vision right.  Clients applying Vallstein´s BRM solutions gain and maintain pro-active control over their banking charges based on sustained information advantages, enabling ongoing monitoring and business allocation based on transparency and best-practice benchmarking.

Why Vallstein

By opting for Vallstein, companies will not only  gain access to the WalletSizing® Bank Fee Edition but will also avail itself of the know-how of over 18 years of experience in the development and management of Award-winning WalletSizing® and Bank Fee Management solutions and the associated global lead position in Bank Relationship Management.

The  Bank Fee Edition enables the efficient implementation of this important initiative in controlling banking fees. Bank invoices will be uploaded and interfaced into the Bank Fee Edition in a seamless matter. Based on the insights and analytics and the associated benchmarks provided by Bank Fee Edition, companies will establish a solid basis for transparency and control on all its banking charges in cash management.  Vallstein software solutions enable ongoing monitoring and reporting of the banking landscape, ensuring embedded pro-active control and compliance with banking policies and cash management pricing agreements negotiated with the banks.

Unlike other treasury systems and treasury consulting firms, Vallstein is solely and fully dedicated to BRM.

The nature of our client relationships varies and is entirely driven by the tailor-made approach from client to client. The majority of our clients operate in multiple countries, where in turn they maintain multiple local banking relationships.  In supporting our clients on their bank relationship management Vallstein has thus developed a unique and extensive database covering market data on banking products and services from over 300 banks worldwide.

Furthermore, all the prices for Cash Management will be benchmarked on the basis of size and quantities per product and this will provide the company with the necessary insight in the business value of its Cash Management wallet. With this knowhowthe best practice prices in the market can be negotiated.  For many of our clients this has lead to substantial savings on their annual Cash Management fees and an improved relationship with their bank(s).

Clients of Vallstein

Vallstein has served hundreds clients directly and indirectly in cooperation with its partners.  These clients represent a wide range of industries and vary in size from EUR 30 mln to well over EUR 300 bln in annual sales.  The clients are headquartered in a wide range of countries, including countries in the Middle East, Europe and North America and have operations in 180 countries world-wide. In many cases, the client relationship is multi-year, with our oldest client relationship indeed dating back to the year of inception of Vallstein in 2000.

Do you want to explore the possibilities for your company? Please contact Salco Herschberg.

Email: [email protected]
Tel. +31 (06) 46 59 73 34

 

Salco Herschberg

Country Head at Vallstein 

 

CASHFORCE AND FIDES WIN GLOBAL FINANCE 2019 TREASURY AND CASH MANAGEMENT AWARD

| 11-04-2019 | treasuryXL | Cashforce |

Cashforce, the global leader in cash forecasting and working capital optimization, and Fides Treasury Services Ltd., the global leader in multi-bank connectivity and communications, have won the Global Finance 2019 Treasury and Cash Management Award for Best Use of Artificial Intelligence in Treasury Management.

The two companies were jointly honored for their efforts to deliver an end-to-end solution that leverages artificial intelligence (AI) to provide better outcomes for corporate treasury and finance departments.

“We are excited to be recognized for the work we have done concerning AI-powered cash forecasting,” said Nicolas Christiaen, CEO of Cashforce. “We will continue to invest in innovation to deliver comprehensive tools that help treasury and financial professionals be more efficient and more effective.”

Partnering together, Fides and Cashforce are pioneering new ways for corporate treasurers to connect to their cash-impacting data and leverage bank and ERP data for success. Fides’ multi-bank connectivity solutions in conjunction with Cashforce’s AI-powered cash forecasting module delivers best-in-class cash flow analytics, helping treasury and finance departments quickly obtain and present a single and accurate version of the truth.

“We are proud to receive this honor from Global Finance,” said Simon Kaufmann, Head, Client Relations and Marketing at Fides. “This award highlights the value of coupling trusted technology with cutting edge innovation, and the value customers can receive through strategic supplier partnerships like that of Fides and Cashforce.”

The Best Use of Artificial Intelligence in Treasury Management was a new award category this year. It was open to submissions from providers of treasury and cash management systems, services and technology that demonstrated innovative problem solving and treasury and cash management best practices.

ABOUT FIDES

Fides is the global leader in multi-bank connectivity and transaction communications. With the industry’s largest bank connectivity network, Fides helps over 3,000 active clients communicate with more than 10,000 banks globally. Our geographic reach spans 170 countries across the Americas, EMEA, and APAC regions.

Committed to helping corporations optimally connect and interact with their banks for over a century, Fides’ solutions deliver critical multi-bank account statement, payment workflow and reporting capabilities that allow treasury and finance teams to easily, accurately and securely communicate with their banks through any possible channel such as SWIFT, EBICS, SFTP or any alternative network.

ABOUT CASHFORCE

Cashforce is the global leader in cash forecasting and working capital optimization, with offices in Antwerp, Amsterdam, Paris, London and New York. We provide cash visibility to multinational corporates across various industries in over 120 countries worldwide.

The Cashforce platform is a ‘next-generation’ cash forecasting and treasury platform, focused on analytics, automation and integration. Cashforce connects the treasury department with other finance/business departments by offering full transparency into its cash flow drivers, accurate and automated cash flow forecasting and treasury reporting. The platform is unique in its category because of the seamless integration with numerous ERPs and banking systems, the ability to drill down to transaction level details, and the intelligent A.I.-based simulation engine that enables multiple cash flow scenarios, forecasts and impact analysis.

 

Nicolas Christiaen

Managing Partner at Cashforce

 

REMINDER: CONGRES TOEKOMST VAN HET BETALINGSVERKEER

| 9-4-2019 | Euroforum | treasuryXL |

Het jaarcongres Toekomst van het Betalingsverkeer is al 20 jaar dé ontmoetingsplaats voor alle Payment Professionals in Nederland. Om deze mijlpaal te vieren wordt het programma dit jaar nog uitgebreider dan voorheen.

Op verschillende podia vertellen (inter) nationale Keynote Speakers de meest interessante verhalen. Daarnaast bestaat het programma uit diverse co-creatie sessies en round tables waar de meest prangende vraagstukken van dit moment worden besproken. Bij dit proces is uiteraard de Adviesraad weer nauw betrokken.

What’s Going on in Payments?

Wat kunt u op 18 april verwachten?

> Circa 300 Payment experts van strategisch niveau aanwezig om u netwerk te vergroten.
> Meer dan 10 C-Level speeches delen hun visie op: Digitale Transformatie van Banken, Succesvol samenwerken met Fintechs, de NextGen Klant, Nieuwe business modellen door PSD2,
Impact van Blockchain en Artificial Intelligence.
> Meer dan 15 Round Table Sessions over EID, PSD2 Update, Instant Payments, Cybersecurity, Crypto Currencies, Data driven business modellen.
> Gepresenteerd door de payments experts in Nederland vanuit Betaalinstellingen, de nieuwkomers, banken, PSP’s, frontrunning consultancys.
> Interactieve werkvormen zoals dit jaar ‘Battle of the Finance’ en ruim de gelegenheid om te netwerken.

Voor meer informatie over het volledige programma, de sprekers en de locatie kunt u de website van het event bezoeken.

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Gartner Blockchain Spectrum: a great tool for CIOs

| 08-4-2019 | Carlo de Meijer | treasuryXL

CIOs of companies are increasingly showing their interest in blockchain technology. In PwCs 2018 survey amongst a large number of business executives from 15 different industries in various countries, more than 80% of the respondents said their company was actively involved with blockchain technology. Some more than others. This is not surprising given the fact that blockchain may bring a number of great opportunities for enterprises, ranging from improvements in business processes to a complete overhaul of business models.

CIOs are under growing pressure to give guidance to decisions on ‘if’ and ‘how’ they should implement blockchain in their company. Within corporates there is a growing focus on the business challenges that blockchain could solve. CIOs however struggle with the issue of how and where to apply this technology as understanding is far from complete. While this technology is developing and changing fast, the features of blockchain are not (yet) fully mature, and current frameworks are far from adequate.

Looking at the various blockchain solutions that are coming to the market there is a lot of confusion which one would really meet the needs of companies when making up their decisions. This makes it for CIOs a very complex exercise.

Gartner recently launched its Blockchain Spectrum that should enable CIOs to take the right decisions and “make the right investments at the right time”.

PwC Survey: present attitude of CIOs

PwC (PricewaterhouseCoopers) recently launched a survey amongst a large number of CIOs from various industries on their attitude towards blockchain. It gives us some interesting insights about the CIOs present view on blockchain technology.

Survey results

This survey shows that many CIOs embrace blockchain. One of their findings was that 84% of the surveyed had at least some interest around blockchain. Not surprising given the enormous hype surrounding this technology. But the idea what blockchain really means for their company and how it should be implemented is still rather limited.

Looking more detailed into the survey results a very diverse picture of how companies are involved arises. For many CIOs blockchain is not yet a priority, at least compared to other new technologies including AI, Big Data analytics, and cloud. Only 15% has gone live while 10% is in the pilot stage. The large majority has just started in terms of research (20%) and development (32%).

The industries that are thereby leading are financial services (46%) and industrial products and manufacturing (46%). It should be mentioned that the financial services sector fell back from 82% in 2017. The survey respondents however still believe that financial services will remain the “current and near-term leader” of blockchain adoption. But there is increased potential in other areas such as energy & utilities, and healthcare.

Non-optimal blockchain solutions

Most blockchain initiatives today are Proof of Concepts (PoCs) that do not have real value. The existing models for blockchain that corporates operate are immature and therefore not suited to realise the various capabilities of blockchain technology. Most trials do not account for the evolutionary nature of blockchain “that leads to a spectrum of possibilities over time”.

“Inadequate understanding, lack of proven scalable models, inability to think beyond today’s business paradigms, lack of talent, and internal and external pressure to do something lead to tepid proofs of concept (POCs).” Gartner

Only 5% to 10% of current PoCs is expected to eventually “graduate to a preproduction” solution, with “major refactoring of requirements and architecture”. Even the ones that move beyond PoCs use just a “subset of blockchain capabilities” and that within current business models. They offer little or no decentralization and tokenization, being the most valuable features of blockchain.

This has much to do with “unwillingness or inability” to think beyond today’s business models and processes, according to Gartner.

Read the full article of our expert Carlo de Meijer on LinkedIn

 

Carlo de Meijer

Economist and researcher

 

Masterclass: Nieuwe ontwikkelingen in het Betalingsverkeer

| 04-04-2019 | ENIGMA Consulting |

In samenwerking met Euroforum organiseert Enigma Consulting op 9 mei 2019 in Driebergen een Verdiepende Masterclass: Nieuwe ontwikkelingen in het Betalingsverkeer.

De veranderingen en innovaties in het betalingsverkeer zijn evident. Allerlei ontwikkelingen grijpen in op het betaaldomein en nieuwe spelers gaan verrassende diensten bieden. Tijdens deze intensieve masterclass krijgt u op 1 dag alle ins & outs van deze veranderingen te horen. En wat voor kansen dit concreet kan bieden voor uw dagelijkse werk! De Masterclass is bestemd voor banken, betalingsverkeer financials vanuit bedrijfleven en overheid, Fintech’s en start-ups.

Onderwerpen Masterclass

Impact Instant Payments

In de loop van 2019 worden betalingen 24/7 binnen 5 seconden afgewikkeld. Instant is het nieuwe “normaal” en klanten verwachten dat dit ook meteen zichtbaar is. Gaan bedrijven dus ook volledig realtime? Dit heeft invloed op alle huidige, vaak batch georiënteerde, betaalprocessen. Hoor hoe u hier effectief op inspeelt!

PSD2 eindelijk geïmplementeerd

De open banking era begint nu echt in volle omvang. Dienstverlening door tientallen Fintech’s en banken die nieuwe services aanbieden op basis van de betaalgegevens van klanten en met toestemming van klanten betalingen initiëren. Accuratere credit-rating wordt mogelijk, blijft iDEAL wel bestaan en wat gebeurt er met de incasso? Wat is de concrete impact nu PSD2 geïmplementeerd is?

Impact Innovaties

Welke impact hebben innovaties als E-signing, big data, Robotics, internet-of-things, open banking en biometrics op het betaaldomein? Gaan de grote Fintech partijen de dienstverlening van banken overnemen?

Services in het betaalproces

Financieel klantbeeld op het “mijn-domein” wordt steeds belangrijker. Welke informatie toont u? En welke self-service mogelijkheden en controles biedt u om het betaalproces te vergemakkelijken? En hoe gaat u om met achterstanden en welke betaalmix biedt u om vorderingen te incasseren?

Aan de hand van concrete klantcases komen alle thema’s aan bod en inventariseren wij hoe u voordeel kunt halen uit bovenstaande onderwerpen!

Meer informatie over de masterclass kunt u vinden op de website van ENIGMA Consulting.

 

 

ENIGMA Consulting

 

 

New update for the community: Treasurer Test

| 02-04-2019 | by  Roy Baaten |

Dear peer goup members, treasurers, financials and friends of the community.
It has been a while since we updated you on the treasurer test.

First of all, we would like to thank everyone who helped us in one way or the other. A special thanks for those who made the test as a peer group member and provided us with very valuable feedback.

From the start we communicated that everyone will receive their report at the same time when the peer group is complete. We nearly completed the senior categories of the peer group but have to invest in finding candidates for the categories “no experience in treasury” and “treasurers with up to two years of treasury experience”. We are working very hard so everyone can receive their report they worked so hard for. We are almost there!

If you are a candidate for the aforementioned categories or know people who qualify and might want to take the test, send an email to [email protected] We appreciate your help.

We will inform you again if we have more news.

Roy Baaten – Community Manager

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Spring Summit 2019 Treasury Management & Corporate Finance VU

| 28-3-2019 | Vrije Universiteit Amsterdam |

On Thursday evening, 11 April 2019, Vrije Universiteit Amsterdam’s postgraduate  Treasury Management & Corporate Finance programme will host the annual Spring Summit. This year’s theme is the programme’s mission: training academic professionals.Vincent Almering of Interfoods and Peter de Vries of Energie Beheer Nederland (EBN) will talk about how the Treasury Management & Corporate Finance programme added value to their careers. They will also present results of the research they conducted during the programme: on hedging volatility in dairy markets and financial management at EBN, respectively.

Don’t miss this lecture! Mark your calender: 11 April 2019, Vrije Universiteit Amsterdam.

Participation is free of charge.
Register here

We look forward to seeing you at the Summit!

LOCATION:

VU Amsterdam, Alma Hall, OZW Building, 10th floor, De Boelelaan 1109, Amsterdam

PROGRAM

16.45 hrs.Welcome

17.00 hrs. Introduction Herbert Rijken

17.30 hrs. Peter de Vries – Financial management at EBN

18.00 hrs.Vincent Almering – Hedging volatility in dairy markets

18.30 hrs. Epilogue Herbert Rijken

19.00 hrs. Drinks

REGISTER

You can register here

CONTACT

Myrthe Scholze
020-598 2171
[email protected]
VU/Treasury