LIVE DISCUSSION | How FinTech is Revolutionizing Corporate Treasury
02-03-2023 | treasuryXL | LinkedIn | What new and exciting innovations are happening in the corporate treasury marketplace and how are FinTechโs playing a role in this space?
02-03-2023 | treasuryXL | LinkedIn | What new and exciting innovations are happening in the corporate treasury marketplace and how are FinTechโs playing a role in this space?
02-03-2023 | Nomentia | treasuryXL | LinkedIn | Inflexion is pleased to announce it has entered into an agreement to acquire a majority stake in Nomentia, a leading European treasury and cash management software provider, from current investors PSG Equity (โPSGโ), a leading growth equity firm partnering with software and technology-enabled services companies, and Verdane, a European specialist growth investor named one of the regionโs most active software investors. The investment is being made by Inflexion Buyout Fund VI.ย ย
01-03-2023 | Sugandha Singhal | treasuryXL | LinkedIn | As treasurers, working capital management is a key part of our responsibilities. It is a metric of how efficiently a company is operating and how financially stable it is in the short term.
24-02-2021 | treasuryXL |
Award-winning Fintech company, SurePay, integrates the IBAN-Name Check into your business processes. This prevents fraud and errors and allows you to realize more efficient processes.
SurePay was founded in 2016 and has been providing the IBAN-Name Check to all major Dutch banks since 2017. In the years that followed, the group of customers expanded to corporates and partners. Today, SurePay provides the Confirmation of Payee service in the UK, while at the same time introducing new services in the Netherlands. At the beginning of 2020, SurePay became a Private Company and an independent part of the Rabobank Group.
Entering, using and checking customer data is often labor-intensive. By integrating the SurePay IBAN and name check into your systems, you make your processes more efficient, safer and reduce the risk of fraud.
This way, the online registration of new customers runs more smoothly, you collect from and you pay to the right person. Moreover, you know whether you are dealing with a private or business account! Various organisations, like insurers, municipalities and energy companies already use the IBAN-Name Check for organisations. The same solution makes sure that the Covid-19 payments are delivered safely, at scale and to the right people in both the Netherlands and the UK.
SurePay saw a spectacular growth of 1719% in the number of checks for organisations. More than 125 organisations now use the IBAN-Name Check.
See the complete 2020 year report here.
They use the service in the onboarding process of new suppliers and customers (KYC), in claims and payout processes, in direct debit processes and in fraud investigations. This makes processes more efficient, safer and reduces the risk of fraud and misdirection, avoiding all the damage and hassle that goes with it.
The results are impressive:
To know more about the IBAN-Name Check like features, roadmap, use cases and the team behind this proven solution, click on the following banner.
Thanks for reading, take care.
23-02-2023 | Aastha Tomar |ย treasuryXLย | LinkedIn | After two years of hiatus, here I am again to write for the team I love the most and the team whom I owe the most in Netherlands. treasuryXL has a special place in my heart, I got linked with them as soon as I shifted to Netherlands in 2019 and since then they have been a constant source of support for me.
22-02-2023 | treasuryXLย | LinkedIn | On January 24th, 2023 we hosted a joint webinar with our partner Kantox about the Currency Management Priorities for 2023. In this 45 minute session we take you through the key trends and opportunities in currency management.
20-02-2023 | treasuryXL | GTreasury | LinkedIn |
When left unaddressed, foreign currency risk can wreak havoc on your bottom line. But it doesnโt have to be this way. To keep foreign currency fluctuations under control and drive predictability in financial statements, many companies turn to FX hedge programs.
Source: GTreasury
Foreign currency gains and losses occur when a company transacts in a currency other than their home currency.
Aย foreign currency transactionย results in either a payment or receipt of that currency and the amount of U.S. dollars it will take to pay the payment or collect from the receipt changes with exchange rates.
When companies have hundreds or thousands of these types of transactions, the gains and losses due to the exchange rates can add up quickly.
Even though a large gain on your bottom line seems appealing โ especially compared to a large loss โ it also indicates instability in your financial statements month-over-month and year-over-year. Not to mention, the nature of fluctuating exchange rates means times of gains are temporary and large losses are inevitable.
More often than not, companies value predictability and stability in operations. And thatโsย what an FX hedge program provides.
An FX hedge program protects the amount of home currency needed to make a foreign payment or receive from a foreign currency collection. In doing so, it eliminates a majority of the foreign currency gain and loss noise in financial statements you may have been experiencing. Large swings in either direction will no longer happen, which means youโre able toย explain your true business results more effectively to your Board.
A hedge program doesnโt mean zero FX, but it does reduce a majority of the fluctuations. Whatโs left over can be explained by a handful of โbucketsโ โ such as un-hedged currency impacts or under-hedging a currency amount.
Yes!ย Starting a hedge program can be done quickly. Many times, a foreign currency risk problem can be fixed in just a few weeks or months โ especially when you work with a partner that puts programs together every day.ย Supported by automation, your FX hedge program can get up and running fast โ and continue to run seamlessly from there.
Companies operating internationally are exposed to currency risk โ a risk to earnings driven by changes in currency exchange rates. The ones that hedge their currency risk have certain advantages over non-hedgers. For example, instead of just experiencing the changing exchange rate impacts, these companies are afforded predictable results and time to react to changes.
If youโre curious about implementing a hedge program or just got tasked by your Board to fix a problemย Hedge Trackers can helpย โ and fast.
14-02-2023 ย treasuryXLย | Treasurer Search |ย LinkedIn
Join us for a thought-provoking Live Session on Interim Treasury Management, where our experts will delve into the pros and cons of this exciting market.
Unlock the Benefits of Interim Treasury Management: Discover Why it’s a Must-Have for Your Business!
Our panel of seasoned interim treasurers, including Emiel van Maris, Francois De Witte, and treasury recruiter Pieter de Kiewit, will share their valuable insights and experiences.
This webinar is designed for aspiring interim managers, potential clients, and anyone interested in learning more about this market.
Don’t miss this opportunity to gain tips and tricks from the experts in the field and engage in an open discussion.
Register now to secure your spot!
Everyone is welcome to this webinar.
๐Moderator:ย Pieter de Kiewitย ofย Treasurer Search
๐Duration: 45 minutes
๐๐บ ๐ณ๐ฆ๐จ๐ช๐ด๐ต๐ฆ๐ณ๐ช๐ฏ๐จ ๐บ๐ฐ๐ถ ๐ค๐ฐ๐ฏ๐ด๐ฆ๐ฏ๐ต ๐ต๐ฐ ๐ณ๐ฆ๐ค๐ฆ๐ช๐ท๐ช๐ฏ๐จ ๐ค๐ฐ๐ฎ๐ฎ๐ถ๐ฏ๐ช๐ค๐ข๐ต๐ช๐ฐ๐ฏ๐ด ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ณ๐ฆ๐ข๐ด๐ถ๐ณ๐บ๐๐ ๐ณ๐ฆ๐จ๐ข๐ณ๐ฅ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ญ๐ข๐ต๐ฆ๐ด๐ต ๐ต๐ณ๐ฆ๐ข๐ด๐ถ๐ณ๐บ ๐ช๐ฏ๐ด๐ช๐จ๐ฉ๐ต๐ด. ๐ ๐ฐ๐ถ ๐ฎ๐ข๐บ ๐ธ๐ช๐ต๐ฉ๐ฅ๐ณ๐ข๐ธ ๐ข๐ฏ๐บ๐ต๐ช๐ฎ๐ฆ. ๐๐ญ๐ฆ๐ข๐ด๐ฆ ๐ณ๐ฆ๐ง๐ฆ๐ณ ๐ต๐ฐ ๐ฐ๐ถ๐ณ ๐๐ณ๐ช๐ท๐ข๐ค๐บ ๐๐ฐ๐ญ๐ช๐ค๐บ.
We can’t wait to welcome!
Best regards,
Kendra Keydeniers
Director, Community & Partners
13-02-2023 | Dinesh Kumar |ย treasuryXLย | LinkedIn | Imagine a setting where your treasury management system (TMS) and enterprise resource planning (ERP) system work together seamlessly, like a well-oiled machine. In this case, your treasury team has real-time visibility into financial transactions and can make informed decisions quickly and efficiently. The process of connecting a TMS to an ERP system may seem daunting, but it’s a crucial step in achieving a more streamlined, efficient and accurate corporate treasury operation.
09-02-2023 | The year’s second edition features a discussion on the newest treasuryXL poll results, including a review of treasurer voting patterns and expert perspectives on effective currency management.