Question: What are Treasurers expecting from Open Banking? Part 4

30-11-2022 | Cobase | treasuryXL | LinkedIn |

Not sure what all the talk about APIs and Treasury is about, or wondering if you need to know more? Then it is definitely a good idea to attend the live session together with Cobase on the future of APIs on December 13 at 10 CET.

Join the live discussion to hear fresh viewpoints on the topic from experts Patrick Kunz, and Jack Gielen, moderated by Pieter de Kiewit. Ahead of this webinar, Cobase asked COO Jack Gielen to shed his light on the use case of APIs. In this series, Jack answers the most frequently asked questions.

Question: What are Treasurers expecting from Open Banking?

Jack believes it is key to not try to deliver everything at once but move in clearly defined phases. Click on the image above to hear from Jack.

Question: Will banks provide the required APIs for corporates? Part 3

23-11-2022 | Cobase | treasuryXL | LinkedIn |

Have you already registered for next webinar together with Cobase on the future of APIs on December 13 at 10 CET? Join the live discussion to learn new perspectives on the topic from field specialists such as Patrick Kunz and Jack Gielen, moderated by Pieter de Kiewit.

Ahead of this webinar, Cobase asked COO Jack Gielen to shed his light on the use case of APIs. In this series, Jack answers the most frequently asked questions.

Question: Will banks provide the required APIs for corporates?

Jack sees three signs that we will see improvement in the upcoming time. Click on the image above to hear from Jack. Stay tuned for the rest of the interview.

Who do you think should “give a push” and work on APIs? Vote now

Question: What is the current status of Open Banking for Treasurers? Part 2

16-11-2022 | Cobase | treasuryXL | LinkedIn |

Did you already sign up for the webinar on the Future of APIs on the 13th of December 10 CET with Cobase? Join the live discussion to get a fresh perspective on the subject from field experts such as Patrick Kunz and Jack Gielen, moderated by Pieter de Kiewit.

 

Ahead of this webinar, Cobase asked COO Jack Gielen to shed his light on the use case of APIs. In this series, Jack answers the most frequently asked questions.

Question: What is the current status of Open Banking for Treasurers?

Click on the image above to hear from Jack. Stay tuned for the rest of the interview.

Question: What are Treasurers looking for from Open Banking? Part 1

08-11-2022 | Cobase | treasuryXL | LinkedIn |

Save the date 13 December: Webinar on the Future of APIs.

 

Ahead of our joint webinar with Cobase, some questions were asked to their COO Jack Gielen on the usecase of APIs. In this series, Jack answers the questions most frequently asked when it comes to APIs.

Question: What are Treasurers looking for from Open Banking?

“𝘐𝘯 𝘰𝘶𝘳 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦 𝘵𝘩𝘢𝘵 𝘢𝘳𝘦 𝘵𝘩𝘳𝘦𝘦 𝘵𝘪𝘯𝘨𝘴 𝘛𝘳𝘦𝘢𝘴𝘶𝘳𝘦𝘳𝘴 𝘸𝘢𝘯𝘵 𝘧𝘳𝘰𝘮 𝘰𝘱𝘦𝘯 𝘣𝘢𝘯𝘬𝘪𝘯𝘨”

“𝘍𝘪𝘳𝘴𝘵 𝘰𝘧 𝘢𝘭𝘭, 𝘵𝘩𝘦𝘺 𝘦𝘹𝘱𝘦𝘤𝘵 𝘪𝘵 𝘵𝘰 𝘣𝘦 𝘢𝘯 𝘦𝘢𝘴𝘺 𝘸𝘢𝘺 𝘵𝘰 𝘤𝘰𝘯𝘯𝘦𝘤𝘵 𝘵𝘰 𝘢𝘭𝘭 𝘵𝘩𝘦𝘪𝘳 𝘣𝘢𝘯𝘬𝘴 𝘢𝘯𝘥 𝘢𝘭𝘭 𝘵𝘩𝘦 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦𝘮 𝘢𝘵 𝘢 𝘣𝘢𝘯𝘬”

Stay tuned for the rest of the interview

 

Brush up on your treasury knowledge? Get our eBook: What is Treasury?

27-10-2022 | treasuryXL | LinkedIn |

How can you fast brush up on your treasury expertise, Treasurers, CFOs, Cash Managers, Controllers, and other Finance Addicts? Or how would you describe “What Treasury is” to family and friends? Well, there is an easy solution for it. Download our free eBook here: What is Treasury?

This eBook compiled by treasury describers all aspects of the treasury function. This comprehensive book covers relevant topics such as Treasury, Corporate Finance, Cash Management, Risk Management, Working Capital Management.

This eBook was prepared by treasuryXL based on the most useful best practices offered by Treasury professionals throughout the previous years. We compiled the most crucial information for you and wrote clear, concise articles about the key topics in the World of Treasury.

We took a deeper dive into each of the above-mentioned treasury functions and highlight:

  • The purpose of each named Treasury function (What is?)
  • What specialists do
  • Examples of Activities
  • Summary of Frequently Asked Questions and answers
  • Conclusion

How to receive the eBook ‘What is Treasury’ for Free?

We simply giveaway two presents for you! By signing up for our newsletter you will automatically receive the following in your inbox:

  1. On Fridays, our Coffee Break weekly newsletter will land in your inbox. In this weekly newsletter, we will highlight the whole week full of the latest treasury news within our community.
  2. The 41 pages eBook, What is Treasury?

 

Subscribe, Join, Download and Relax.

Welcome to our community and have fun reading!

 

 

Director, Community & Partners at treasuryXL

 

 

Eurofinance remains THE event for corporate treasurers | By Pieter de Kiewit

12-10-2022  treasuryXL | Pieter de Kiewit | Treasurer Search  LinkedIn

 

Throughout covid times the organizers of Eurofinance remained active and were able to create interesting web-based events. Still, general opinion in last weeks’ event in Vienna was that there is nothing like the live thing. The programme was packed with interesting content, the event floor with interesting companies and visitors.

By Pieter de Kiewit

Communication leading up to the event and the venue, the Wien Messe, radiated experience in events of this size. The numbers of representatives and visitors were impressive. Luckily, the venue is big enough to not nerve the visitors who have to get used to large crowds again.

The programme was spread out over the very large room for plenary meetings, five large rooms for parallel session with presentations & panel discussions and “open rooms” on the trade floor. Key note speakers like Guy Verhofstadt and Goran Carstedt were able to enthuse with stories beyond the scope of treasury, others covered topics about treasury technology, both practical & visionary and treasury organization, for example about my personal favourite, the treasury labour market.

For many, the trade floor was easily as interesting as the content. Visitors gained market information, for example preparing for a TMS selection and implementation. Also reuniting with old treasury friends and getting to know new ones, was relatively easy during well catered breaks. Some of the visitors created new legends during the Thursday night afterparty that is not covered by this looking-back-blog.

As treasuryXL ambassador I visited the various partners of the platform present and received positive feedback on the event. So Cobase, Kyriba, TIS, CashForce, Nomentia, Refinitiv and CashAnalytics, we hope to see you again in Barcelona again and welcome a number of new ones.

 

Hasta luego,

 

 

 

 

 

 

Thanks for reading!

Pieter de Kiewit

 

 

Group Treasurers’ Exchange | Designed for Group Treasurers, by Group Treasurers

06-10-2022 | IQPC Exchange | treasuryXL | LinkedIn |



EUROPE’S PREMIER INVITATION-ONLY EVENT FOR GROUP TREASURERS

 

At the 10th annual Group Treasurers’ Exchange, 60 Group Treasurers, Directors and Heads of Treasury will be coming to Berlin on November 15-16 to discuss how innovating the treasury function will mitigate risk and bolster profitability.

Designed for Group Treasurers, by Group Treasurers, the GT Exchange Europe 2022 offers a unique and exclusive format specifically tailored to unpack the issues that are most relevant. This invitation-only meeting is exclusively attended by a select group of pre-qualified senior treasurers responsible for creating an efficient and innovative treasury function. Attendees will benefit from an experience packed with networking with likeminded peers navigating the same industry challenges in a relaxed, consultative, and friendly environment.

The Exchange is attended by senior strategic leaders and decision-makers from major Treasury departments across Europe. Every attendee is personally invited and registered to ensure the right level of seniority and relevance to the event’s key themes.

Group Treasurers, Directors and Heads of Treasury can capitalise on a closed-door event with no press, full of one-to-one meetings, intimate breakout sessions, think tanks, roundtable discussions & more!

This innovative two-day event will cover key challenges facing an innovative treasury function, with expert speakers attending from a variety of top companies, including:

  • Roche
  • General Mills
  • C&A
  • SVP Worldwide
  • Galeria
  • Orange
  • Axpo Group

Topics discussed at the 2022 Exchange include:

  • Payments, Liquidity Management, Taxation and Regulation
  • Future of the Treasury Department
  • Promoting Innovation and Risk
  • Prioritising ESG Initiatives
  • Relationship Management
  • Digitalisation and Financial Efficiency
  • Cash Forecasting
  • Cost Elimination and Fraud Prevention
  • Value Creation Through Liquidity Strategy
  • Cross-Department Collaboration
  • New Technologies for the Treasury Department


 

If you’re a qualifying attendee and want to attend the #GTEU Exchange, request an invitation here

 

 

 

 

The New Normal in measuring Banks’ Performance –  Providing direct value to Corporates (for free)

05-10-2022 | BuyingTeams | treasuryXL | LinkedIn |


BuyingTeams – Improved Bank and Business Customer collaboration

Introduction of Buying Teams

BuyingTeams is founded by 3 former senior bankers, and on a mission to improve the collaboration between and banks and their corporate customers. The vision is to digitize the industry of corporate customer feedback and collaboration and provide value to both banks and corporates in their global organizations. The SaaS solution offered is built on the wishes and demands from both parties to ensure value for all.

Whether you sit in a corporate treasury front office role, or you are in a back-office role, without direct bank contact, you will benefit from the BuyingTeams bank collaboration solution.

Customer Data Problem

All founders of BuyingTeams have experienced firsthand the lack of detailed and actionable customer data for banks, that they now have set out to provide.

They have also experienced how banks’ largest corporate customers, very understandably, become still less inclined to reply to customer surveys, as they have little or no value in doing so – other than pleasing the banks they work with. Feedback fatigue is clearly present.

Flipping the process to a solution

Buying Teams turned the process upside down, and looked into customer feedback to banks from the bank customers’ – the companies’ – perspective:

How can we bring value to the companies while at the same time ensure timely and actionable customer data and insights for banks?

 

“We have actually solved this with the BuyingTeams Bank Feedback and Collaboration tool”.

 

They asked approximately 20 large and international companies from 4 different countries and across industries, which critical functions they currently would like to see in a bank collaboration tool. Based on these results Buying Teams started developing a solution that matches these interest points.

Examples are:

  • Questions prepopulated with an option to add their own
  • Access to benchmarking data
  • Bank services divided into phases
  • Automation features, and more

The solution is developed aiming at both large as well as medium sized companies, who wish to enhance their banking relationships. Companies having multiple banking partners as well as companies working only with one bank will benefit from the solution.

See all your banks at a glance

Companies can now work in one single digital tool and have all their feedback and other important data on the banks saved within their own solution. In just one overview companies can see all their banks in a real-time Dashboard and follow the development in banks’ capabilities and service levels over time.

All colleagues within the company can be included and provide input, indicating which banks are performing well and in which areas of their business relationship, and indeed also where there is room (and desire from corporate side) to improve the collaboration. Input can be related to different phases; sales/advisory, delivery/implementation or indeed the daily use of the bank and will give specific and valid data that were not previously available.

This is extremely valuable for the front-office people in the organization that have meetings and negotiations with banks (and for the banks as well). They can be much more prepared than before, and with a minimum of effort and time spent. It is our strong belief, that this brings immense value in the bank-dialogue.

 

Measuring banks’ performance, free for corporates

 

From our initial user dialogues, we have companies planning to invite +100 people in their global organization into BuyingTeams, and we also have companies with only one or very few users. BuyingTeams brings value to both cases.

The BuyingTeams solution also offers the corporates the option to benchmark their banking partners on different parameters relevant for each individual corporate.

 

“We wish to have as many companies as possible to experience the value that our solution brings, so we have made it free of charge for companies”.



 

A summary of BuyingTeams features that bring corporates added value directly

  • Full data Dashboard on all banking partners
  • All colleagues working with banks have a voice
  • Reliable and structured data for bank meetings
  • Access to benchmark data on banks and banking services
  • Data based on template questionnaires and/or tailored by the corporate itself
  • Eliminate time spent on phone interviews and ad hoc spreadsheets for you and your team
  • Overview and sharing of requests and ideas for banks

BuyingTeams’ solution is available as SaaS, and companies can start using the platform within a few minutes.

Final thoughts

For a long time, corporates have been servicing their banks with feedback, where the process have provided very little (if any) value for them, and a degree of “feedback-fatigue” has emerged over the past years.

With the right feedback and collaboration tool, corporates can now create valuable information and insights to the corporate itself, as well as to the relevant banking partners, who can use one and the same platform.

A platform creating value for both sides of the feedback process, in a real-time SaaS environment.

 

 

Interested? Go to buyingteams.com for information

 

 

LIVE SESSION | My Treasury Career Development & How the Register Treasurer education contributed

29-09-2022  treasuryXL | Treasurer SearchLinkedIn

 

Are you thinking about how you can shape your treasury career and in need for inspiration? There are plenty of education opportunities, but in what education will you invest?

 

 

You are invited to join our next Live Session. Registration is Now Open for:

𝐌𝐲 𝐭𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐜𝐚𝐫𝐞𝐞𝐫 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 & 𝐇𝐨𝐰 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐞𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝

There is no standard career path for treasurers but one can learn from the choices and developments of the successful ones.


In this webinar two graduated Register Treasurers will share their stories:

  • 🌟 Jurgen Wessel RT is interim Head of Treasury of SHV and has experience in a variety of international companies at HQ and treasury hub level.
  • 🌟 Frank van der Hoeven RT van der Hoeven used to be a banker, moved to the corporate side and currently is Treasury Manager at IMCD, well-known for many successful acquisition and integration processes.

They will tell you about how they moved between various stations and will pay special attention to the added value of their post academic degree: The Treasury Management and Corporate Finance programme (RT Programme) at the Vrije Universiteit Amsterdam (VU Amsterdam).

 

 

Everyone is welcome to this webinar. This webinar is extra relevant for those who consider joining the RT programme.

🌟Moderator: Pieter de Kiewit of Treasurer Search

🌟Duration: 45 minutes

 


We can’t wait to welcome you next week!

Best regards,

 

 

Kendra Keydeniers

Director, Community & Partners

 

 

 

 

Where did the treasury applicants go? | By Pieter de Kiewit

19-09-2022  treasuryXL | Pieter de Kiewit | Treasurer Search  LinkedIn

As treasury recruiters, we should know enough about corporate treasury to do intakes and screen candidates. Also, we should know the latest about what’s happening in the field of recruitment and so we read the publications of Geert-Jan Waasdorp of The Intelligence Group. I would like to share his latest, very interesting article and build the treasury connection.

By Pieter de Kiewit

Labour market pressures are not equally distributed among all employers.

I left a link if you want to read the full article but this is roughly what he says. There is a huge growth in people working since before covid. In parallel, there is a huge decline in active applicants. This pressure in the labour market is not evenly distributed among all employers. The ones that can find new employees can do so because of a strong employer brand and increased investments in own or external recruitment. Also, they are willing to decide quick and offer a better package.

So what does this mean if we project these findings on the corporate treasury labour market? My personal observation is that treasury staff is, on average, less driven by the company brand and more by the job content than candidates from other job types. We learned this working for clients like Tesla and Nike. Employer branding specifically towards treasurers would also be hard, I cannot envision a corporate recruiter promoting his manufacturing company at Eurofinance.

How to adapt?

The obvious low-hanging fruit is that the hiring manager, already at the start of the process, has to organise and choose a mindset in the following: being able to decide quickly, from fewer candidates than before, and offering more than the old standard. Even highly skilled recruiters sometimes underestimate these aspects over time.

The judgement if the internal recruitment team is equipped to tackle the search or whether an external one should do the job – we, Treasurer Search – I will not elaborate on here. What I do want to mention is another obvious source that can be opened. For some of us that are considered a paradigm shift: bringing treasury talent in from abroad, from within the EU or even sponsoring a work permit. I am aware that some of us consider this topic highly political. What I can tell, both from our own organisation, as well as from successful placements with our clients, that this can be a very successful solution. In the Dutch labour market already the majority of candidates placed by us is non-Dutch. This is not a plea to open the borders and not be critical. Regretfully we have examples where this solution did not lead to success as coming to The Netherlands can be hard for the new employee. But also locally found candidates can fail in their new job.

My conclusion is that indeed, the world is different, as is the labour market. And given current demographic developments I do not expect a shift back. Luckily there are solutions but we will have to accept the consequences and cannot lean back. Those that do will shrink and go extinct.

Good luck in your search,

Pieter

 

 

 

 

 

 

 

Thanks for reading!

Pieter de Kiewit