Looking for a Treasury Support Employee

28-05-2021 | Treasurer Search | treasuryXL

Our Partner Treasurer Search is looking for a Treasury Support Employee for an industrial conglomerate with a global presence. The ideal candidate for this position has a relevant bachelor degree and completed a first job in the back office of a corporate treasury or a bank. As a person she is very detail oriented and communicates easily with colleagues and banks around the world.

Tasks Treasury Support Employee

Working in a large team, the treasury support employee is responsible for settlements, confirmations, reconciliation of various financial, derivatives and commodity flows. She collects data and prepares analysis and reports. With her colleagues she manages the corporate treasury infrastructure and various projects.

Client

Our client is an industrial conglomerate with a global presence. In Amsterdam the centralized treasury is managed with a team with members with a wide variety of cultural backgrounds.

Remuneration and Process

The expected annual base salary for this candidate is €40K. Our client expects us to manage a thorough recruitment process including reference and diploma checks early in the process. Your input is appreciated. For candidates that qualify and are interested, further information is available.

The Treasurer Test might be part of the recruitment process.

Location

Amsterdam

Contact person

Kim Vercoulen
T: +31 850 866 798
M: +31 6 2467 9339
E: [email protected]

APPLY HERE

 

 

How to navigate changing currency markets when buying services from overseas

27-05-2020 | treasuryXL | XE |

When dealing with overseas currencies, changes in the currency markets and exchange rates could potentially change the amount that your business will need to pay.

If your business imports tangible objects from another country—such as goods, food products, materials, or machinery—then you’ll need to pay in that country’s currency. However, this doesn’t just pertain to tangible goods imported from overseas. If your business requires services from overseas employees, contractors agencies or service providers then you will also need to pay invoices or contracts in their local currency.

When dealing with overseas currencies, changes in the currency markets and exchange rates could potentially change the amount that your business will need to pay. When making regular payments—such as contract payments—having the right solutions to protect your business from market volatility can protect your business’s bottom line and keep your costs level.

What are your exposures? 

Understanding your business’s currency risk exposures is the first step to countering them to protect your business. You’ll want to consider:

  • How frequently you’ll be making payments

  • Which currencies you’ll be dealing with

  • What type of payments you’ll be sending

  • How volatile your currency pairs are.

Use forward contracts to protect your business from market motion 

If you know that you’re making payments in a volatile market, one solution you can use to reduce the impact of market motion is a forward contract.

A forward contract is a payment method that differs slightly from a typical spot transfer. Rather than making an immediate payment at the current exchange rate, it instead allows you to lock in the current rate and set a date for the payment to be sent at today’s rate.

Here is what you would do:

  1. Specify which currencies that you’d like to exchange and provide the amount you need to pay. This will give you a quote at the current rate.

  2. Enter the date that you’d like to send your payment.

  3. Provide your payment information as well as your recipient’s information.

  4. Once that date hits, the transfer will automatically send at the secured rate.

Forward contracts are a valuable tool for price protection as well as peace of mind. You can secure a favourable rate for your transfer, and you won’t need to worry about missing your payment or the markets moving in the days leading up to it. Your payment will already be secured and scheduled.

If you have a contract, then you know you’ll be making payments. With a forward contract, you can secure favorable rates ahead of time so that even if the market changes, the amount that your contract costs your business won’t.

Get Started

Working with Xe can protect your business from market motion 

A knowledgeable and experienced international business payments provider can help your business to weather the currency markets and easily navigate your payments, so you can focus on your business.

At Xe, we have nearly 30 years of experience in the currency markets. We work with over 13,000 businesses around the globe and offer them the right solutions for their operations, size, industry, and currency needs.

Some of our solutions include:

  • Easy-to-use business payment products including spot transfers, forward contracts and market orders.

  • Personalised FX risk management tailored specifically to your business.

  • Knowledgeable support from our team of currency experts.

 

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

 

 

 

Should corporate treasurers stop ignoring bitcoins and other crypto currencies?

26-5-2021 | treasuryXL | Pieter de Kiewit

This is a blog by someone who does not own bitcoins or other crypto currencies and does not intend to purchase any soon. Someone who is not a subject matter expert. Someone who told his colleagues not to consider the topic relevant for corporate treasury for a long time. Someone who thought bitcoins are only relevant for extortionists or those who speculate, gamble and hope to get rich quickly. You understand, that someone would be me.

Slowly I am getting this “One wrong-way driver? I see dozens!”-feeling. Newspapers are filling up with blockchain news. Pension funds start seeing crypto currencies as a relevant asset class. Auction houses start accepting payments (Tesla stopped again) and in countries with hyperinflation in South America, people are fleeing into cryptocurrencies, especially stable coins. After a first attempt with the Libra, Facebook is introducing a stable coin with the so-called Diem that seems to be connected to the US dollar.

My main objection always was that I did not see the underlying value. Real estate is bricks, shares are a piece of ownership, bonds should be paid back and with fiat currencies you can buy in a store. I cannot live in bitcoins and my baker does not accept them as payment. But with gold I cannot buy bread either. It has some practical use as a metal but that does not justify its current value. So why measure bitcoins in practical use and underlying value?

The core discussion is about speculation and trust. There used to be times we knew a dollar or gulden could be exchanged for gold, so we trusted our money. But the gold standard is not so standard anymore. Of course the prices of dogecoins, ethereum and bitcoins are extremely volatile but how about the rates of Argentine Pesos, Venezuelan Bolivars, Turkish Liras or pre WOII German Deutschmarks? When you cannot stand the heat, stay out of the crypto currency kitchen but I do not consider volatility a reason to disqualify the asset class.

As to myself, perhaps I just have to accept that I am a laggard or at best member of the late majority in accepting the technology/solution. As to corporate treasurers, the survey shows they have the ambition to educate themselves better on the topic. Of course to be able to answer questions from their colleagues and perhaps to initiate some form of a practical application of crypto currencies. I hope that, next to the Tesla example, in further blogs we can inform you about relevant business cases. About successful implementation but of course also about the bottlenecks like taxation and reporting. There will be enough happening for many future blogs. And I will be someone who communicates differently about crypto currencies.

PS You might enjoy the slides of a recent presentation by Tristan Verhagen, recent Register Treasurer graduate, a great introduction into Bitcoins with provoking insights. See link.

Take care, Pieter

 

 

Pieter de Kiewit

Owner at Treasurer Search

 

 

 

Exchange rate risk | A Challenge for internationally trading companies (Dutch Item)

25-05-2021 | Erna Erkens | treasuryXL |

Handelt u internationaal buiten de Eurozone, dan kunt u als bedrijf te maken krijgen met een valutakoersrisico, ook wel wisselkoersrisico genoemd. Wanneer u goederen of diensten uit een land buiten de Eurozone importeert of exporteert, kan de wisselkoers hoger of lager zijn op het moment dat u de factuur moet betalen of uw geld ontvangt. Dit kan een gunstig effect hebben op uw marge, wanneer u geluk heeft. Het kan ook een negatief effect hebben op uw marge.

Een koersbeweging kan uw winstmarge dus maken of breken. Er zijn heel veel factoren, die het koersverloop van een valutakoers kunnen beïnvloeden. In dit artikel kunnen we niet alle invloeden benoemen. Zeker ook omdat veranderende marktomstandigheden, ook weer nieuwe invloeden naar voren brengen. In dit artikel behandelen we de belangrijkste factoren.

Voorbeeld wisselkoersrisico

Hoe ontstaat een wisselkoersrisico of een valutarisico? Deze termen worden door elkaar gebruikt.  Een voorbeeld: Uw onderneming levert producten aan een onderneming in de Verenigde Staten voor USD 100.000.

Op het moment dat u de producten in de Verenigde Staten levert is de EUR/USD koers 1.2000. Uw 100.000 dollar is dan 80.333,33 Euro waard. De Amerikaanse aankopende partij hanteert een betalingstermijn van 60 dagen en voldoet de factuur dus 60 dagen na levering.

Op dat moment is de EUR/USD koers 1.2500 en is uw 100.000 dollar nog maar 80.000 Euro waard. U verliest in dit geval dus een bedrag van 3.333,33 Euro. Als dit op nog grotere schaal en met grotere bedragen gebeurt, kan dit pijnlijke verliezen opleveren. Zo erg zelfs, dat het kan leiden tot een
faillissement. Dit is echt niet nodig en kan worden voorkomen. 

Wanneer ontstaat een wisselkoersrisico?

Er zijn verschillende manieren en momenten, waarop een wisselkoersrisico kan ontstaan.

Pre-transactierisico

Stel u brengt een offerte uit aan een bedrijf in China. Of u ontvangt van een bedrijf uit een land buiten de Eurozone een offerte. Op dat moment ontstaat er direct een wisselkoersrisico. De wisselkoers kan namelijk op het moment dat de offerte wordt uitgebracht hoger of lager zijn dat het moment, waarop de offerte wordt geaccepteerd. Daardoor kan de offerte opeens gunstiger of juist minder gunstig uitpakken. Dit risico noemen we het Pre-transactierisico.

Transactierisico

Stel de offerte wordt geaccepteerd en omgezet naar een definitief contract. Op dat moment ontstaat er een vast wisselkoersrisico. Bij het contract hoort namelijk een betalingsverplichting of betalingsontvangst in een andere valuta dan de Euro. Als een contract wordt afgesloten, wordt de betaling meestal niet direct gedaan. In de tijd tussen het tekenen van het contract en de betaling zal de wisselkoers zeker veranderen. Dit risico noemen we het Transactierisico.

Economisch risico

Door het wijzigen van een wisselkoers, kan uw concurrentiepositie en de winstgevendheid van uw bedrijf veranderen.

Stel u bent producent van paraplu´s. U produceert deze in de Eurozone. Een ander bedrijf gaat dezelfde paraplu’s verkopen en laat deze papaplu’s in VS maken. Als de dollar goedkoper wordt (EUR/USD stijgt) dan worden de productiekosten voor uw concurrent die de paraplu’s in VS laat maken goedkoper. Uw concurrent kan de paraplu’s daardoor goedkoper aanbieden. Dit is een voorbeeld van een economisch risico. De mate waarin een wisselkoersrisico de concurrentiepositie of de winstgevendheid van een bedrijf beïnvloed noemen we het economisch risico. 

Voorbeeld van een wisselkoersrisico

Het bedrijf Hippe Tassen importeert handtassen uit China. Het bedrijf uit China wil betaald worden in USD. Dit gebeurt heel regelmatig bij Chinese bedrijven. De factuur voor een collectie handtassen is USD 50.000. Hippe Tassen heeft een offerte gekregen met een wisselkoers van EUR/USD 1.2000. Dus de USD 50.000 met de koers van 1.2000 komt in de boekhouding voor USD 50.000 / 1.2000 = EUR  41.666,67.

En dan komt het moment dat Hippe Tassen de factuur moet betalen. Dit kan bijvoorbeeld via Cash Against Documents (CAD). De boot met de tassen ligt in de haven van Rotterdam. Op dat moment moet de betaling aan het Chinese bedrijf worden gedaan. De koers is dan EUR/USD 1.1500.

Hippe Tassen moet de Amerikaanse Dollars aankopen om de betaling in USD te doen. Maar op dat moment kosten die USD 50.000 ineens EUR 43.478,26 (USD 50.000,– /1.1500 = EUR 43.478,26). Dat levert Hippe Tassen ineens een verlies op van EUR 1.811,59 (EUR 41.666,67 – 43.478,26).

Dit was voor Hippe Tassen niet de bedoeling en dit was ook zeker niet nodig. Andersom komt natuurlijk ook wel eens voor. Als de koers was gestegen van 1.2000 naar 1.2500 heeft Hippe Tassen een extra winst van EUR 1.666,67 (USD 50.000 / 1.2000 = EUR 41.666,67 – USD 50.000 / 1.25 = EUR 40.000).

Maar deze gok is het risico niet waard. Geld moet verdiend worden met de verkoop van hippe tassen en niet met verandering van de wisselkoers.

Schat uw wisselkoersrisico in

Het is als Internationaal handelend bedrijf verstandig om goed in kaart te brengen wat uw valutarisico´s zijn om onnodige verliezen te beperken. Om het wisselkoersrisico zoveel mogelijk te beperken zijn er verschillende mogelijkheden. Een ervan is gebruik maken van termijncontracten.

Maak kennis met Erna

Erna is geboren in Rotterdam in 1963. Ze heeft 35 jaar binnen het bankwezen gewerkt waarvan 33 jaar in Treasury.

Erna’s drijfveer is mensen en bedrijven helpen met haar kennis en ervaring. Leren van elkaar en door samenwerking allemaal beter worden. Met die reden heeft Erna haar business EEVA opgericht (Erna Erkens Valuta Advies). Erna’s mening is dat bedrijven geen zakendoen met bedrijven, maar mensen doen zaken met mensen.

Haar basis voor zakendoen is altijd de mens. Een primaire behoefte van mensen is dat ze het gevoel willen hebben dat ze ergens thuishoren. To Feel that they belong. Mensen met een set van dezelfde normen en waarden voelen zich thuis bij elkaar. Na een poosje voelen ze zich veilig en dan ontstaat er automatisch vertrouwen. Dat kost tijd.

Erna’s kernwaarden: Integriteit, loyaliteit, professionaliteit/kwaliteit en samenwerking. Bent u helemaal thuis in alle vaktermen als u aan tafel zit met uw bank? Of schiet er soms een woord voorbij waarvan u denkt? Wat was dat ook al weer?

In uw werk komen internationale transacties dagelijks voor, kennis van het vakjargon is dan belangrijk. Wilt u in gesprekken met uw bank of broker goed beslagen ten ijs komen en uzelf zeker voelen en alle gebruikte vaktermen begrijpen? Dan is deze online masterclass ‘Vakjargon in 5 dagen’ speciaal voor u!

Ja ik wil meer informatie!

Owner at EEVA







Bron

Provocative Bitcoin Analysis by Vrij Universiteit | Treasury Management – Post Graduate Student

| 20-05-2021 | treasuryXL | Pieter de Kiewit

About a month ago I moderated a well-attended webinar “Bitcoin. Is this the new reality in corporate treasury or is it a hoax”.  The majority of the participants were members of the corporate treasury community.

Foundation of the meeting was research done by PGO student Tristan Verhagen. He presented his findings and kicked off with a thorough description, including timeline, of Bitcoin developments so far. Not being the expert, I found his presentation very helpful in getting up to speed. His presentation evolved and brought some very interesting insights that were the basis for an discussion at academic level. The meeting was very well reviewed, a poll showed that participants have an increased interest in finding out if there is room for Bitcoin applications in their firm.

It was a conscious choice not to record the session. Given recent developments in the Bitcoin and crypto currency market and the quality of his presentation, I am happy Tristan allows us to share his slides (see below). I hope you will enjoy his writings as I did.

Bitcoin presentatie VU

Pieter de Kiewit
Pieter de Kiewit





 

 

 

Are you understanding all the costs involved in your international business payments?

20-05-2020 | treasuryXL | XE |

As you search for the right payment provider, keep an eye out for these two main sources of cost: fees and exchange rate.

When making an international payment, there’s one question that’s on everyone’s mind:

“How much foreign currency will I get for my money, after all the charges have been applied?” 

The answer could surprise you.

When making an international business payment, the actual payment itself is only one part of the overall cost to your business. Depending on the provider you utilise for your payment, the exchange rate that you get for your transfer as well as the fees you’ll need to pay (their cost and the number of fees) can vary drastically.

As you search for the right payment provider, keep an eye out for these two main sources of cost: fees and exchange rate.

Fees—the charges you see 

When making an international transfer, a multitude of fees, charges or commission can apply, both for the sender and the recipient.

It can get complicated, as fees can come about in multiple ways. Providers may levy lots of small charges to disguise exactly how much the transfer cost. Some providers may instead apply their fees to the recipient, meaning that less money will come out on the other end of your transfer than anticipated.

When you get your transfer quote, look carefully at the fees that you see throughout the transaction—not just the ones advertised upfront.

Exchange rates—the charges you don’t see 

For many people making international payments, the exchange rate is the deciding factor in which provider they use.

As you search for the right international payment provider, be mindful of the way that they communicate their costs. It’s more common than you think for providers to offer “commission free” or “fee free” transfers that in fact just give you unfavourable exchange rates in return.

As a result it’s often really difficult to compare one provider with another as some will publish charges and others don’t.

Remember exchange rates often change by the minute, so to compare one company to another you need to do the comparison one after the other in quick succession.

What should you look out for? 

When shopping around and comparing your bank to a currency broker, make sure you look at both fees and rates. Compare the costs across providers—even if some claim to use the mid-market exchange rate for their transfers, you’ll find that rates can differ wildly.

Additionally, be mindful of anything that seems “too good to be true”. While some providers will offer you great deals and discounted rates, if you see a provider claiming absolutely no fees, “free transfers”, or advertising rates that are dramatically lower than the rates you see with other providers, it may be an indicator that there are extra, hidden costs.

What will it cost to send money with Xe? 

At Xe, we want to help you to get the most for your money when you make an international payment. Our money transfers come at competitive exchange rates, and we offer money transfer solutions that can help you to ensure that you’ll get a great rate for your transfer. You can lock in a rate for a future transfer with a forward contract, or you can set a Rate Alert to get notified when the rates are in your favour. Currency market volatility can cost you, but working with a knowledgeable provider can help you to minimise the costs.



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

 

 

 

International Treasury Management Virtual Week | Celebrating 30 years as the world’s leading treasury event

| 19-05-2021 | Eurofinance | treasuryXL |

International Treasury Management is the annual meeting place for 1000s of the World’s most senior treasurers to learn and share experiences in valuable peer to peer discussions. With a reputation for ground-breaking sessions and world-class speakers, our 30th anniversary event will explore the boundaries of the profession, take a glimpse into the future of business, treasury and working life as well as offer the practical case studies on the treasurer’s top agenda items.

Only one treasury event can deliver the comprehensive mix of big picture global insight and granular treasury knowledge you need to make the right choices for the future.


Back to the future, again

Over the past 30 years since EuroFinance’s inaugural conference on International Cash and Treasury Management, much has changed. Treasurers have firmly become business partners, technology experts, risk managers and opportunity spotters. They often lead fundamental change within the company as markets, business models and technology shifts.

What next? This event will delve into how treasury operations can gear up for the future, having learned the lessons from the past. Where, who, what and how will the corporate be in the coming years and what is treasury’s role?

Keynote sessions will offer big-picture insight alongside themed streams including:

  • Payments revisited
  • Risks and Rewards
  • Digital strategies
  • Practical solutions to day-to-day Treasury challenges
  • The power of partnership

What makes International Treasury Management the must-attend event of the year?

  • networking on a global scale – a significant rise in attendees in 2020 boosted the value networking with banks, providers and potential clients… all in one place
  • strategic insights and best practices – get solutions to the challenges you face from treasury and economic experts during keynotes, practical case studies, fireside chats, analytical panels and more
  • future trends – delve into the latest innovations and new technology driving change in treasury, and their practical applications
  • live Q&A with world-class treasurers – enjoy borderless networking and live Q&As with high-profile speakers directly after each session
  • cost and time-efficiency – tune in form anywhere in the world, at the click of a button with no long distance travel or accommodation costs
  • continued learning – catch up on any missed sessions and re-watch your highlights, on demand for up 2 months after the event
  • unite your international teams – as a free event, it offers an opportunity for your whole treasury team to attend. Perfect for encouraging learning and development at all levels

September 27th – October 1st | Virtual

Register Now for Free!

 

 

Successful Businesses Excel At Cash Management

18-05-2021 | treasuryXL | Nomentia |

Nomentia commissioned Forrester Consulting to evaluate the current state of Cash and Treasury management in large global multinationals, the challenges, and the opportunities to move forward.


Embrace future-fit Cash management

We commissioned Forrester Consulting to create a study to understand how global decision-makers will embed cash management excellence into daily operations, processes, and decision-making in 2021 and beyond.

  • Cash flow management tools | To improve visibility and forecasting, companies are adapting cash management, payment efficiency, and cash flow liquidity tools.
  • Improve cash flow visibility | Cash flow transparency, flexible reporting, and data collection can eliminate the high costs associated with the lack of cash flow visibility.
  • Automate core processes | Automating core day-to-day tasks while guaranteeing payment security brings efficiency into the high complexity of treasury operations.

83% of decision-makers at large multinational enterprises say that low Cash visibility has hidden costs 

Understand the cash flow, payment visibility, and efficiency ->  Decision-makers agree that improving data analytics, increasing cash management and payment efficiency, maximizing cash flow liquidity, and improving cash flow and finance reporting are their top priorities in 2021 and beyond.

67% say it’s challenging or very challenging to collect data on cash flow

Technology can help to enable better cash management. Treasury management solutions with analytics, security, and automation can turn treasury from a cost center to a strategic revenue-creating opportunity.

52% of business leaders are prioritizing adopting SaaS Treasury management solutions

Download Study

Learn how companies are enhancing their cash excellence to strengthen and transform cash management operations.



Overcoming Resistance | Integrating Data in Cash Flow Forecasting

| 17-05-2021 | treasuryXL | Cashforce |

Treasurers at mid-cap Corporates looking to use large-scale data analysis to enhance cash flow forecasting are finding colleagues hesitant.

The advantages of using sophisticated data analysis in cash flow forecasting are clear to a growing number of treasurers intent on improving accuracy and eliminating human error. But implementing and executing a data-driven approach often requires collaboration with teams outside treasury, such as AR and credit collections—and some NeuGroup members are meeting resistance.

  • Solid support from leadership and showing the benefits of data analysis may make the transition smoother and help get members of other teams on board.
  • That key insight emerged from a recent discussion at a meeting of NeuGroup for Mid-Cap Treasurers, sparked by a presentation about data-enhanced cash flow forecasting from Cashforce. Read an earlier article from Neugroup here.
  • “A data mindset requires an analytical filter,” one member said, and if another team does not thrive on data, it takes some effort to get colleagues to buy in.

Overcoming intimidation. “I like to be very data-driven,” one member said. “Sometimes that doesn’t go over well in our company. It can be intimidating to people.”

  • “When you start questioning trends, it doesn’t always make people feel very good,” she continued. “I think there can be a lot of defensiveness.”
  • Another treasurer said that, in his experience, “having access to data and showing it to [staff] kind of scares them. People say they want to change—people don’t want to change.”
  • Though there can be a learning and implementation period, he said he was able to find success by stressing how much time data analysis could save in the long run.

Navigating collaboration. Some members said teams that consistently set low expectations for cash flow are often obstacles to using data that produces different, more accurate forecasts. “There can be sandbagging in the forecast, people can be resistant to being more optimistic,” one member said.

  • Another said that, though she would like to see the company implement a more data-focused model for cash flow, it would be too great a challenge to work with functions that don’t fit under the treasurer and do not share the data mindset.
  • One treasurer said his company is having these issues with its AR team, which does not report to him. “When you compare quarters, [we are] 10-15% over our forecast,” he said. “There’s a disconnect.”

Teamwork, dream work. That member said he was able to work with his company’s AR team to incorporate data and effectively eliminate the issue, though there was initial reluctance.

  • He recommends a single individual in a management role spearhead this kind of change. “If it is more driven by one leader, it is easier to shield criticism and make a right decision.”
  • The member said another source of friction can be FP&A and other finance or business leaders outside of treasury who want to maintain oversight of forecasts.
  • Though there is value in working together to incorporate data for forecasting, he said, “the entire organization needs to be ready to become more objective rather than try to manage divisions.”

 

Global Treasury Americas | Planning the post-pandemic Treasury

| 12-05-2021 | Eurofinance | treasuryXL |

The leading virtual event defining today’s corporate treasury agenda

For the past year, treasurers have sweated the core stuff: securing short-term liquidity and longer-term credit; enhancing risk monitoring and hedging processes; and dealing with the implications of remote working. But in the complex and uncertain transition to a new ‘normal’, finance functions will have to resume the search for growth. Can treasury help identify where growth is most likely to come from and which parts of the business are most threatened by digital disruption? And can they do better – can they help build the business strategies needed to prosper as we emerge into the next phase of the pandemic.

This event will explore the practical steps treasurers can take to make enterprise and treasury digitalization a reality and look at varied case studies of transformation in the treasury. The event will look in-depth at new technologies in action as well as more strategic concepts including the sustainability agenda. We look at how treasury can make a difference. Finally, we look at what it takes to transform treasury wherever you are in your journey in order to increase efficiencies, protect the business and make a difference to the bottom-line.

Global Treasury Americas: Planning the post-pandemic treasury

2 days of actionable insights, plus real world case studies tackling the key issues facing treasurers in the region. Topics include:

  • The Great Bounce-back
  • Practical steps on the path to automated Treasury
  • Why sustainability matters for Treasury
  • Name that threat: What’s next
  • Building a true cash culture
  • Payments evolution – the Treasurer’s view

What makes Global Treasury Americas your must-attend event of the year?

  • Understand the practical steps towards making enterprise and treasury digitalization a reality
  • Gain actionable solutions and best practices from varied real-world case studies
  • Network with an unrivalled audience of 800+ senior treasury professionals across the Americas
  • Benchmark your operations against the regions most forward-thinking treasury teams
  • Explore how to support business growth whilst balancing the traditional role of treasury

June 9-10 | Virtual

Register Now