25-04-2022 | treasuryXL | Treasury Delta | LinkedIn | RFPs are one of the less attractive parts of projects, although a necessary evil. Treasurers hate them because to set up this huge document and organise the necessary stakeholders it takes time and effort, while remaining highly manual. Let’s break down the myths around tenders and see […]
21-04-2022 | treasuryXL | Kyriba | LinkedIn |
By Brian Blihovde, Senior Director, Product Marketing
CFOs looking to optimize their processes and systems view APIs as a gateway to enterprise-wide liquidity and the organization’s financial capabilities and health. Finance transformation starts with bank connectivity, leading to real-time decision-making, but the opportunities do not stop there. Bank connectivity and payments help finance deliver more complete, real-time information to all parts of the business. This is the benefit from composable financial systems and design. CFOs, treasurers, and their IT counterparts must all collaborate, consider and plan how transformations continue to drive impacts beyond bank connectivity for all of finance and business units as well.
Finance and the business units to include manufacturing, warehousing, inventory, sales, and distribution all comprise enterprise-level functions contributing important strategic decision-making information. APIs should be used to drive transformation, resilience of data, efficiency, and real-time reporting. Strategic liquidity decision-making will improve once IT and finance can collaborate.
CEOs and CFOs are finding it harder to justify an entire re-do of their systems landscapes. CFOs should not look at their systems as “legacy” as API integration can take data and transform it into information and expanded decision-making capabilities. This API-driven unification of data from systems available and stored within various databases and systems across the organization. Legacy is an outdated concept when leading-edge, comprehensive APIs are introduced as technology enablers.
Information, today, is compiled, rationalized, and optimized with APIs regardless of the source system or application; definitions of “legacy” are not relevant any longer. CFOs and finance leaders make decisions with aggregated data transformed into business intelligence repositories from the information they have today and at reduced timelines with leading APIs.
Treasury and finance can do more when they use a vendor with integrative API capabilities beyond payments and banking alone. Integrating procurement, ERPs, GLs, and other third-party systems delivers the data unification needed for a comprehensive decision-making platform. Today, APIs go beyond banking and payments for integration across:
To obtain better, and more accurate access to finance information, APIs link the systems used to compile and compose this data into an automated and real-time systemic process. When synchronous ERP, ancillary and core treasury systems collectively feed into the strategic cash flow forecasting process and BI dashboards, the result is a comprehensive view of mid and longer-term flows equaling less effort, more insight and better decision-making.
Enterprise views of cash and liquidity begin with bank connectivity as it provides the needed access to payments, cash and liquidity availability and should always be real-time. However, it is not the end of the story; today’s organizations require more prescriptive, forward-looking capabilities only delivered with information flows like procure to pay and order to cash cycles from the entire unified financial landscape. These holistic, API-integrative systems can generate the business information and intelligence needed to quickly make better decisions and speed the success of today’s organization.
To learn more on how new leading APIs are becoming the standard for how finance and treasury become more than information stewards, but rather catalysts and centers of excellence for better strategic decision-making for their greater organizations – www.kyriba.com.
20-04-2022 | treasuryXL | LinkedIn |
The treasury and finance community finally meets in person again. treasuryXL is proud media partner of the 33rd Finance Symposium.
For more than 30 years, the Finance Symposium has developed into the most important industry gathering for treasurers and finance managers in the German-speaking world. Every year, around 2,300 finance experts meet to discuss together, make contacts and receive new impetus. The outstanding congress program offers visitors a broad spectrum of professionally challenging topics from finance and treasury management in three days. In over 170 forums, workshops and expert panels, participants will learn about the latest developments in finance and treasury.
The speakers are high-ranking finance managers from major companies and prominent guests from politics and business. For example, in 2022 Martin Schulz, former President of the European Parliament , and Verena Pausder, entrepreneur and expert in digital education, could be won for exciting presentations and discussions. The most important banks, system providers and financial service providers in the industry will present themselves on 1,000 m2 of exhibition space.
Director, Community & Partners at treasuryXL
The barriers to entry that have traditionally protected the financial services sector are beginning to fade away, and incumbents now face a multitude of disruptive shifts. On the other side, customers expect real-time, seamless, and intelligent financial services. Regulation drives further competition.
14-04-2022 | treasuryXL | VU Amsterdam | LinkedIn |
Are you up for the next step in your career? Would you like to further develop your knowledge, skills and professional view on this fast-changing world?
We invite you to join our Online Open Evening on Thursday, 21 April 2022. Get inspired by our programme manager Robert Dekker and ask your questions during a live stream Zoom session.
Fundamentals of Treasury Management 20.00 – 21.00 hrs.
This is what graduates say about the course
Ahmed Fathi Ahmed – EMEA Sales Advisory Cash Management – BNP Paribas: ‘The certification Fundamentals of Treasury Management is an excellent way to build a solid background in a Treasury Management field. Indeed, it allows me to develop a very finest and an efficient toolbox with regards to International Cash Management, Supply chain and Trade Finance. That has helped me to better serve the large corporations that I manage in my company. Furthermore, I was thrilled to meet talented treasurers and professors which expanded my corporate network.’
Next course starting May 2022 More information & registration.
We are looking forward to welcoming you!
Best regards,
Herbert Rijken
Programme director
14-04-2022 | treasuryXL | Cashforce | LinkedIn |
Have you seen the Treasury Dragons vs. Cash Forecasting session yet? Watch the replay now to learn which cash forecasting solution is right for your business. This session is for treasurers who want to enhance their cash forecasting but aren’t sure which technology will work best for their company. In this session, Nicolas Christiaen compares and contrasts best-of-breed Cashforce with alternative options.
Cash flow forecasting is the process of predicting the flow of cash in and out of a business over a period, generally the responsibility of the corporate treasurer. An accurate cash flow forecast helps companies predict future cash positions, avoid cash shortages, and invest any surplus cash to generate extra income.
Generating an accurate forecast involves collecting information from multiple sources. It’s often still a manual process using spreadsheets and multiple bank downloads. However, today, there are many solutions available which can automate and streamline cash flow forecasting for corporate treasury.
This Treasury Dragons online session on Tuesday, April 5th 2022 at 3:00 PM (BST) looks under the hood of these cash forecasting systems in a live Q&A with real corporate treasurers.
Among the solution providers we’ll be featuring are:
This is the latest in a series of online debates in which treasury technology firms present their solutions to our ‘Dragons’ – and to you.
In short, sharp presentations you will see the highlights of each treasury-enhancing system on offer – and then the solution providers will face some challenging questioning from our panel of treasury tough nuts.
It’s the fastest way to get up to speed on what’s really on offer.
Nicolas Christiaen
Managing Partner at Cashforce
13-04-2022 | treasuryXL | CashAnalytics | LinkedIn |
TreasuryXL is partnering with CashAnalytics to discuss how much time, effort, and money you can save by adopting a data-driven approach to cash forecasting.
Date & time: April 28, 2021 at 3 pm CET/ 2 pm GMT | Duration 45 minutes
Join our expert panelists as they present battle-tested methods for increasing the reliability of your data, breaking free from tedious forecasting processes, and freeing up more of your time for analysis.
If your team spends more than a few hours each week creating forecasts, this is an event you won’t want to miss.
Click on the banner for registration.
13-04-2022 | treasuryXL | LinkedIn |
Receive your eBook What is Treasury? after subscribing to the free treasuryXL weekly newsletter.
The world of Treasury is a complex topic. Many people will think about pirates and big see ships that sank deep into the bottom of the ocean including their ‘treasure’. A mystery treasure map will lead the finder to a treasure worth a lot of money. In some way Treasury and Treasure have similarities, it is about money and other valuables.
treasuryXL created a 41 pages eBook for the corporate treasurers and the world of finance addict.
This eBook is designed to answer layman questions about the function of Treasury. treasuryXL bundled the most important information for you and created an easy to read and understand articles about the main subjects within the World of Treasury:
This ebook will answer your questions about Treasury topics.
treasuryXL explains the purpose of each Treasury function; what specialists do, examples of activities, FAQs, and a summary.
This ebook is based on the most relevant best practices that Treasury experts provided over the last years. On the website of treasuryXL you can explore additional information on the latest in Corporate Treasury.
HAVE FUN READING!
Director, Community & Partners at treasuryXL
12-04-2022 | treasuryXL | TIS | LinkedIn |
TIS invites you to this virtual event. Get to know the product roadmap for 2022, the TIS Enterprise Payment Optimization story and much more.
Enjoy an afternoon full of information and networking on our event app as we reflect on our vision and product roadmap for 2022. Get the opportunity to hear from our customers how they use our solution to build defences against payment fraud.
We will reveal an agenda in due course. Stay tuned for more information
11-04-2022 | Ronald Kleverlaan | treasuryXL | LinkedIn |
The European Centre for Alternative Finance, of which Ronald Kleverlaan is director, and COST Research Conference 2022 will take place on 6 Octobre 2022 at Utrecht University. This year’s conference features the special topic of Fintech for the common good.
The conference will be organised in collaboration with COST Action CA19130 Fintech and Artificial Intelligence in Finance – by the Utrecht University School of Economics (U.S.E.) and the European Centre for Alternative Finance (ECAF) at Utrecht University.
This event will be hybrid and the main conference event will also be recorded.
This year’s conference features the special topic ‘Fintech and the common good’. We welcome the submission of rigorous quantitative, qualitative, mathematical/formal and/or theoretical studies related to fintech and alternative finance from an economic, computer science, data analytics, law, sociological or other perspective, focussing on but not limited to:
Abstracts for papers of up to 300 words (in English) on the above-mentioned topics should be sent to [email protected] before 15-07-2022. Upon submission, please indicate the topic under which you want to submit your work (see list of topics) and if you are a member of the COST FinAI network. The submitted abstract will be reviewed by a scientific committee. Notification of acceptance will be given by 15-08-2022.
Prior to the conference (15-09-2022) full papers need to be submitted (~10.000 words). Submissions should ideally be structured as follows:
Every paper accepted for presentation will be assigned a discussant who provides in-depth feedback.
Ronald Kleverlaan
Real-time treasury promises faster decisions, operational agility, and proactive cash management. But how close is your organization to getting there?
Join treasuryXL and FinanceKey for an interactive live session with treasury experts sharing practical insights, real-world challenges, and steps to move toward real-time treasury.
