Treasury in transition – explore the agenda for EuroFinance International Treasury Management

13-06-2022 | Eurofinance | treasuryXL | LinkedIn

 

Featuring keynote speakers, Guy Verhofstadt and Göran Carstedt…

The 31st annual EuroFinance International Treasury Management returns in-person this September 21st-23rd in Vienna. With treasury changing like never before, join more than 2000 attendees, including 150 world-class speakers for transformative insights and the year’s best networking.

  • Inspirational headline speakers– including member of European Parliament, Guy Verhofstadt and and one of the world’s top business minds, former head of IKEA, Göran Carstedt
  • Practical insights from case studies across 5 streams– explore the latest innovations driving change and how to apply them to your treasury
  • The new Future of Money Stage– a dynamic experience for disruptive ground-breaking ideas from crypto to the token economy
  • Meet with more than 100 banking and tech partnerson the exhibition floor and  join forces to innovate and shape the future

Learn from the experiences of more than 150 best-in-class treasurers including:
– Abraham Geldenhuys, VP and group treasurer, Kongsberg Automotive
– Yang Xu, SVP, corporate development and global treasurer, Kraft Heinz
– Alex Ashby, Head of treasury – Markets, Tesco
– Debbie Kaya, Senior director of treasury, Cisco Systems, Inc.
– Daniel Melski, VP finance and treasurer, Church & Dwight Co., Inc.
– Angel Cheung, Assistant treasurer, John Lewis Partnership

For more information and to register, visit: https://www.eurofinance.com/international

 

Read more

TreasuryXL contacts can claim a 10% discount with code: MKTG/TXL10 on top of the early-bird price which expires on July 29th – a combined saving of over €2000.  Register here today.

We hope to welcome you in Vienna.

The EuroFinance Team

About EuroFinance

EuroFinance, part of The Economist Group, is a leading global provider of treasury, cash management and risk events, research and training. With over 30 years of experience, our mission is to bring together the brightest minds and most influential voices in treasury. Through in-depth research with 1,000 corporate treasury professionals every year, we have a unique insight into the trends and developments within the profession and an unrivalled global viewpoint.

Contacts

Marianne Ford
Senior Marketing Manager
EuroFinance

Economist Impact
[email protected]

Closing Loops: Connecting FX Hedging and Cash Forecasts

08-06-2022 | treasuryXL | Cashforce | LinkedIn |

 

How one member uses Cashforce to save time and money on FX trades—and helped create an automated hedging process.

One assistant treasurer at a recent NeuGroup virtual interactive session said that her primary project for 2021 is “to make treasury as no-touch as possible.” This is a common theme for treasurers recently, though it’s not always clear where to start. Her first step was to seek potential connections in existing processes and platforms—which led to an overhauled and streamlined process for foreign exchange hedging.
  • The member already was using Cashforce, a fintech that allows deeper analysis of cash flow, to assist in cash flow forecasting, and saw potential in connecting it to Citibank’s CitiFX Pulse platform through the company’s TMS.
  • Through collaboration with Cashforce, Citi and her TMS, she was essentially able to turn the company’s hedging policy into an algorithm that reads the forecast and will potentially execute or propose trades all on its own.

From forecasts to forex. The member said this is only possible because Cashforce can forecast at a high level of granularity. The AT said she was “really lucky” that the tools work together so well.

  • “The forecast at that level of detail is a forecast in document currency,” she said. “And because I can have forecasting at nearly an invoice level, I know what that currency is going to be.”
  • Through the forecast, she said, the company is able to see what its FX position is going to be. “Then if I layer over what hedge I might already have in place, it will be able to tell me what are my gaps,” she said.
  • “The idea is to send it out so that we could auto-trade to fill the gaps below a certain threshold, let’s say 100 grand or less, and review above that just to check the data before we trade.”

A closed loop. Nicolas Christiaen, Cashforce’s CEO, said that, before this project, the member’s process was “very disconnected,” but all it took was connecting the dots.

  • “On the data input side, the ERP, TMS, P&L and bank statements are now put through [Cashforce’s] transformation layer, which results in a cash flow forecast,” he said. “As is very specific in this case, it’s a forecast by currency, by month.”
  • Currently, the company then uploads this forecast back into its TMS for review, and manually executes FX trades based on the company’s hedging policy.
  • “When these hedges are executed, the hedge amounts will pass back into Cashforce via the TMS, closing the loop,” Mr. Christiaen said.

A step further. With the proposed system that the member has designed with Citi, the company could include its hedging policies as a rules-based program in CitiFX Pulse that can read this forecast.

  • It would then “put in place the instruments used for the hedges for the thresholds that need to be taken into account,” Mr. Christiaen said. “Which ultimately results in a proposal.”
  • The chart below demonstrates the vision: As the data feeds into Cashforce, which outputs a forecast, that forecast is reviewed by the member and uploaded to CitiFX Pulse, which can automatically execute or propose FX hedges.

Constant change. Automation is “an awful lot to bite off,” the member said, and recommends starting slow on this kind of process:

  • The first step is to test what systems you already have. “A lot of us have pockets in the organization of different systems that can be leveraged. Some of them can’t do what they say they can or aren’t quite what you need—but sometimes you get lucky, as we did.”
    • She said it is also an opportunity for treasury to work with fintech partners to build exactly what it needs.
  • Collaboration and clear communication with IT is “super important,” which she learned the hard way. “Despite really clear instructions from Cashforce on the size of server we would need, [IT] gave us a quarter of that size and we now need a bigger size,” the AT said.
  • She warns that, although automation opportunities are promising, it’s not always smooth sailing. “Be aware of the opportunities, but also be aware of the work: automation is doable but takes an awful lot of time.”
  • “As the business changes, the structure changes as well,” she said. “The only constant within treasury is change.”

Article originally published by Neugroup here.

 

 

A guide to cash flow forecasting tools in 2022

07-06-2022 | treasuryXL | Nomentia | LinkedIn |

A company’s worst nightmare is to run out of cash or completely miscalculate future cash in- and outflows. To prevent such doom scenarios from happening, companies use cash flow forecasting tools to help them understand current or future cash positions. Having accurate cash forecasting analyses in place is important because they are fundamental for your company’s growth. You can base your strategic investments and financial decisions on them, and they help you decide on how you shape the future of your company.

Source

As with most things, cash flow forecasting is easier said than done. Developing accurate forecasts can be a challenging job. Especially when your business is increasing in size, you need to consider many aspects. Fortunately, there are several great cash flow forecasting tools to help you overcome the challenges you have, to make forecasting easier and more accurate.

 

What is cash flow forecasting? 

Simply put, cash flow forecasting is the practice of understanding your movement of money that goes in and out of the business, now, in the short-term, or in the long-term. A higher cash inflow than outflow results in a positive cash flow position. And when your cash outflow is bigger than your cash inflow, it results in a negative cash flow position.

Many professionals understand that analyzing cashflows is important yet fail to build reliable processes to do so accurately. Robust cash forecasting will help you understand what your cash position is now, and in the future, simply by analyzing cash in- and outflows.

 

The challenges of cash forecasting

We will not go too much into detail to discuss the challenges of cash forecasting, which we already did in this article. But commonly, treasury and finance teams struggle with two main reoccurring challenges:

 

1. Manual processes (lack of automation)

One of the key challenges in cash forecasting remains the amount of manual labor that goes into it. Especially when your organization is larger, and you need to combine financial data from different banks, subsidiaries, and ERP systems. Depending on how frequently your team runs the forecasting process, it can become very time-consuming.

According to different sources, it is recommended that treasury and finance teams run forecasts on a weekly basis to increase financial control. Imagine all the hours that go into this process by doing so manually: collecting data from multiple data sources and recording everything into your spreadsheets. And that doesn’t even include running the analyses to base your strategic decisions on. To top it off, the spreadsheets also contain many errors, which makes them less reliable.

To add to that, by collecting your forecasting data periodically you never have real-time insight into your cash position because your cash predictions may have changed already the day after you made your analysis.

 

Cash flow challenges graph
Having flexible cash flow and liquidity reporting, and collecting data on cash flows was found most challenging or very challenging for around 70% of decision-makers according to our study with Forrester.

 

2. Lack of centralization

As mentioned earlier, it is a very inconvenient aspect to create liquidity and forecast reports when the data you need is scattered across multiple systems. In global companies, you would need to access several bank accounts to check balances. Or you are working with different subsidiaries, where you need to rely on the timeliness and accuracy of your colleague’s input. Whatever systems you’re using, having a centralized place that automatically pulls all the data from them into one place in real-time can benefit you tremendously.

 

What is a cash flow forecasting tool?

Effective cash flow forecasting tools are there to help you overcome typical forecasting challenges. They help you manage and track all your business cash flows now and in the future. Allowing you to make better strategic and investment decisions for your business.

 

The advantages of using a cash forecasting tool 

There are various solutions available on the market, and they all work differently. Ideally, a tool should be able to help you with your cash forecasting in various ways.

Access real-time information

A great tool gives you an instant overview of your cash position, inflows, and outflows at any time you need it. The more up-to-date your data is, the better you can justify your decisions.

 

Connect and centralize all source-systems

Especially for larger enterprises with multiple banks, ERPs, and other source systems, a tool needs to be able to flawlessly connect to all of them. That’s the only way for you to combine all the financial data required to make accurate cash forecasts.

 

Automate the process of collecting data for you 

Both the gathering of real-time information and connection to all source systems should be automated by the tool or software. That way you can automatically gain real-time insight into your cash position without manual labour.

 

Automatically able to create reports and infographics based on your data

Following up on the previous point, once your tool has automatically-collected data, it should be able to visualize it in a customized way that suits your needs. Whether it is certain types of reports, graphs, or other dashboards.

 

Save resources while enabling better decision-making

Better and faster analyses of your cash position and forecast without creating reports manually will help you save the time that you can use for making strategic decisions.

 

The different types of cash forecasting tools

 

Basic tools for small and medium-sized companies 

Market research has shown that in the U.S. in 2018 alone, around 63% of companies used spreadsheets for budgeting and reporting purposes. Even though this number was declining, spreadsheets are still considered the most basic go-to tool for cash flow forecasting.

 

The two main (free) providers for cash forecasting tools on a basic level (they don’t need explanation):

  • GOOGLE SHEETS 

  • MICROSOFT EXCEL 

 

Of course, you can make your spreadsheets as advanced as you want. But the fact is that most smaller organizations traditionally use spreadsheets to do their cash flow forecasting. Their set-ups are less sophisticated and with fewer data sources. As a result, it’s easier to pull the data you need.

The advantage of spreadsheets is that they are very cheap and effective. Yet, once your organization grows bigger and you start using several banks, and other source systems like ERPs, they become unmanageable and start taking a lot of your team’s resources.

 

Intermediate tools for small and medium-sized companies

There are several intermediate cash forecasting tools that are increasingly helpful for smaller and medium-sized companies compared to the basic tools. Sometimes they can replace spreadsheets completely, but most often they complement them.

 

1. POWER BI

Microsoft’s Power BI is a tool that can collect data from different sources and allows you to visualize them through dashboards. Though it’s a handy tool, it requires quite a bit of training and getting used to. Connecting Power BI to your systems, importing data, and building the right reports can still require a lot of manual labor.  

Power BI’s list of systems you can connect to is limited. Especially bank and ERP connections are lacking which are usually required for bigger companies.

Power BI Dashboard
Power BI dashboard example

 

2. CAUSAL

If you have an accounting system, a CRM, and some data warehousing system, chances are that Causal can help you out collecting that data in one place. Their data visualization tool will help you better understand the combined data from your connected places.

Just like Power BI, Causal is unable to connect to financial institutions, like banks, that are often required to get a better understanding of your cash position.

 

3. SHEETGO 

Sheetgo is a handy tool when you want to combine the data from different spreadsheets. The more spreadsheets with financial data you have the more challenging it is to combine them and build accurate cash flow forecasts.

Sheetgo does not take away the manual work that includes pulling data from source systems. It is more a tool made to integrate with Google Sheets or Microsoft Excel.

Sheetgo cash flow template
Sheetgo’s cash flow template

 

4. NOMENTIA LIQUIDITY 

If you’re looking for a cash flow forecasting tool that can connect multiple source systems, banks, and ERPs – then Nomentia Liquidity is a great option. Nomentia Liquidity gives you visibility over your past, present, and future cash positions.

Nomentia automatically pulls all data from different source systems and visualizes them in a customized format for each client. The implementation is also done together with a dedicated customer specialist, so you don’t have to worry about any manual labor or integration problems.

Nomentia Liquidity dashboard
Nomentia’s liquidity dashboard

 

Advanced solutions for medium and big-sized companies

If you’re looking for more complete cash forecasting services, then you need to consider the top treasury and cash management vendors that are well known. Most of these vendors offer Software as a Service (SaaS) solutions which take away the work of managing the solution.

 

1. NOMENTIA CASH FORECASTING 

Nomentia’s cash forecasting SaaS solution allows you to do forecasts as detailed as you require. You can run real-time forecasts continuously based on a collection of all scattered systems that hold your financial data.

The platform works very intuitively, and you can even run simulations for possible scenarios. The data visualization can be customized by yourself or by specialists from Nomentia. In contrast with other vendors, you can only opt for the cash forecasting module without committing to any other modules offered by Nomentia.

 

2. KYRIBA CASH AND LIQUIDITY

Kyriba has a tool for cash forecasts that combines multiple data sources. They can provide you with daily, weekly, monthly, or yearly cash forecasts.

In their SaaS, Kyriba has a worksheet that can help you automate manual work and connect different systems to each other for better-centralized cash forecasting analyses.

 

3. GTREASURY CASH FORECASTING

The cash forecasting tool by Gtreasury allows you to combine data into a single worksheet and run different analyses within it. You can run forecasts daily, weekly, monthly, quarterly, or annually.

A recent feature GTreasury introduced is the trademarked SmartPredictions, which can predict future liquidity and changing conditions with the help of data imports and artificial intelligence.

 

4. COUPA CASH AND LIQUIDITY

Coupa’s treasury solution includes a cash forecasting module that can build scenarios, and do analyses to measure your short, mid, and long-term business liquidity.

The financial data is captured in a reporting functionality that treasury teams can easily analyze and share within the organization. Coupa offers both standard and customized reports.

 

5. SERRALA CASH MANAGEMENT AND FORECASTING

Serrala offers cash forecasting as part of its bigger cash management solution. The module can be set up for cash flow-based planning categories, scenarios, and simulations.

The solution helps you automate your processes by configuring the settings yourself, and it gives you insight into your cash position through the consolidation of various data sources.

 

The right tool for your company depends on your needs  

A cash flow forecasting tool can be beneficial for you to tackle the manual labor and time consumed due to a lack of centralization. If your set-up is not that advanced yet, you can rely on solutions like spreadsheets or intermediate tools like Power BI, Causal, Sheetgo, or Nomentia Liquidity.

For bigger companies with several source systems, we recommend looking into advanced cash forecasting tools that will significantly decrease your costs. Even if the initial investment of buying such a solution may appear slightly higher.

 

 

Recording Live Discussion Session | More reliable cash forecasting in a fraction of the time

01-06-2022 | treasuryXL | CashAnalytics | LinkedIn |

 

Recently, treasuryXL partnered with CashAnalytics on a LIVE discussion session about how much time, effort, and money can be saved by adopting a data-driven approach to cash forecasting.

During this session, Conor Deegan CEO of CashAnalytics was joined by Ron Wessels, owner of Term Finance and Interim Head of Tax & Treasury at Systal Technology Solutions, and Pieter de Kiewit, Owner of Treasurer Search. They have presented 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.

Click on the image above to view the recording and learn how cash flow automation

 

Cuts your manual workload and reporting timelines by over 90%

Provides detailed insight into transaction-level data across all your entities

Frees you from Excel-based processes that are riddled with human errors

 

On-Demand Webinar Hedging Margin Risk in a World of Volatility

31-05-2022 | treasuryXL | Gtreasury | LinkedIn |

Gain on-demand access and learn how to take the first steps toward creating a hedge program in our latest webinar from April 19th.

Source: Gtreasury

On-Demand Webinar

Original Broadcast: April 19, 2022

 

Gain on-demand access and learn how to take the first steps toward creating a hedge program. HedgeTrackers, Juan Enrique Arreola, and GTreasury’s Evan Mahoney outline:

  • The key drivers of financial risk
  • How hedging helps mitigate threats to value creation
  • Typical barriers to setting up a hedge program
  • Why manual hedge programs often fail
  • 7 steps to setting up an automated hedge program

Click here to gain On-Demand Access

 

 

Featured Speakers:

Juan Enrique Arreola, CPA

Client Services Manager

HedgeTrackers

Evan Mahoney

Product Owner

GTreasury

Turbulent markets put focus on evaluated pricing


24-05-2022 | treasuryXL | Refinitiv | LinkedIn |

 

Fixed income volatility looks like it will be around for a while, due to whipsaw-like changes in the overall economic environment. In such an environment, firms need to have the right evaluated pricing to ensure they are pricing their portfolios at fair value levels and that they are complying with regulations.

 

Read more

Fraud Check Up

17-05-2022 | treasuryXL | TIS | LinkedIn |

Fraud as a threat: Evaluate your risk!

Source

Record high of fraud threat level: 87% of professional treasurers from companies and banks worldwide have perceived an increase in fraud threat in comparison to the year before. * Attacks on companies have intensified significantly, threatening all processes of financial transactions and payment relevant courses.

Additionally, due to the rapid change to remote work since the start of the pandemic, security strategies have undergone the greatest stress test. New and secure means are available and necessary to protect your company against rapidly evolving fraud schemes.

 

Is your company at risk? Find out now by answering a couple of questions.

* Strategic Treasurer – 2021 Treasury Fraud & Controls Survey Report

Forecasting Through Disruption

11-05-2022 | treasuryXL | Cashforce | LinkedIn |

 

Despite the disruption to customer behaviour brought by the Covid-19 crisis, Pearson developed a consolidated forecasting process that has enabled it to speed up invoicing, accelerate £60m in cash flow and meet its 2020 targets.

Source

Cash flow forecasting has long been recognised as a major challenge for corporations – and learning company Pearson, which has over 20,000 employees and reported sales of £3.4 billion in 2020, is no exception. “One of the challenges with forecasting is to understand what your assumptions are when producing the forecast,” explains Group Treasurer James Kelly. “When you’ve got lots of people producing forecasts independently, and then consolidating them, you need to have a consistent approach.”

Getting people to produce a forecast on time can be difficult, while treasury teams often spend precious time pursuing clerical accuracy. And as Kelly adds, “it is important to have enough detail in your actuals to really understand whether the hypotheses that were ventured in your forecast have actually come to pass.”

Forecasting during a pandemic

The latter is particularly important in times of uncertainty – and few things are as unpredictable as the onset of the Covid-19 pandemic. For many organisations, the crisis meant that cash flow forecasting became significantly more challenging overnight, not least because disrupted customer behaviour meant that forecasts based on historical sales patterns could no longer be relied upon.

For Pearson, with the company’s professional test centres forced to close due to lockdowns, a major challenge came in the form of refunds that had to be issued to customers for tests that had been booked in advance – a situation that was complicated by the differing ways that customers could respond. Some rebooked straight away; some requested an immediate refund, and others waited for a couple of weeks before requesting a refund. And when requesting a refund, customers could either apply to Pearson directly, or request a refund via their credit card companies. All these different scenarios impacted the company’s short-term modelling.

The path to better forecasting


While the challenges were considerable, Pearson’s treasury had already been on a journey to more effective forecasting before the pandemic began – indeed, the automation of cash forecasting formed part of a treasury and cash management optimisation project that won a EuroFinance Treasury Excellence Award in 2019. The company subsequently adopted Cashforce’s AI-powered forecasting system, and continued to work on improving its processes. However, when the pandemic started it was clear that a more comprehensive approach was needed.

“What was interesting about Covid was that some of the basic models that we built around predictable cash flows broke,” Kelly comments. “We were able to keep using some of our models for things like payroll – but on the receipt side, a lot of things that had previously been predictable now became unpredictable.” What this meant was that the forecasting ability of the system almost became redundant – “and the benefits of the solution became more about hypothesis testing, and as a consolidation engine that allows you to build different scenarios.”

With the onset of the pandemic, each business produced a high, medium and low sales forecast, which the treasury team used to build its own set of forecasts. While this exercise was initially carried out using Excel, the treasury’s Cashforce-based 12-week forecast demonstrated good levels of accuracy, as well as integrating with key group systems. As such, the system was selected as the basis for the new approach to producing short, medium and long-term forecasts in 16 categories, later expanded to include 120 subcategories.

Building a map of cash flows

By combining this data with information from the company’s ERP system, Pearson has been able to generate detailed reports, test hypotheses and converge its low, medium and high scenarios, thereby building a detailed map of what is happening with cash flows.This proved useful early in the crisis when predicting how many customers would opt to request an immediate refund and re-book later. After initially modelling a range of scenarios, Pearson then used data from the first week to narrow the range. “Overall, we saw a significant proportion of customer request refunds in the first two weeks, mainly through their card companies,” comments Kelly. “We then started to see a stabilisation. By the end of the year, advance bookings were back to their normal level, with significant pent-up demand for many tests.”

Pearson’s functional currency is GBP, so with considerable variability in the company’s US profits another question was how to use the forecasting information to hedge currency risk. Again, this drew upon the low, medium and high scenarios: forward contracts were used to hedge committed or highly probable foreign currency flows for the low scenario, with collars and options used to provide protection for the medium and high scenarios.

Benefits of the project


Pearson has seen numerous benefits as a result of its enhanced forecasting process. Preparing forecasts centrally has freed up significant time for the operating companies, as well as enabling forecasts to be updated daily, instead of weekly or monthly. And Kelly notes that forecasts are now significantly more accurate than they were in 2019, despite uncertainty relating to the pandemic.

Further, Pearson has been able to use insights from the forecasting process to drive better performance in its working capital metrics – in particular, lower DSO, lower variability in DSO, and faster invoicing speed. These initiatives accelerated over £60m of cash flow in 2020, enabling Pearson to achieve its objective of delivering operating cash flow of over £300m, despite the pandemic.

Above all, the crisis has acted as a catalyst for Pearson to rethink the nature and purpose of forecasting. As Kelly concludes: “Whether the forecast is right or wrong becomes less important than understanding why it’s right or wrong. So the game we were playing wasn’t to get the forecast right on any particular day, but to have a good understanding of the business over time – which then enables you to get it right.”

Pearson will be presenting at the 30th anniversary International Treasury Management Virtual Week from Sept 27 – Oct 1. Registration is free for corporate treasurers. Click here to find out more and reserve your place.

Register free

 

 

GTreasury Announces Deal with Moody’s Analytics to Provide Customers with Asset and Liability Management (ALM) Capabilities

10-05-2022 | treasuryXL | Gtreasury | LinkedIn |

Continuing to modernize its digital treasury and risk management ecosystem with strategic partnerships, GTreasury now offers platform interoperability and data integration with Moody’s Analytics’ ALM SaaS product

Source: Gtreasury

CHICAGO, Ill. – May 10, 2022 – GTreasury, a treasury and risk management platform provider, today announced a collaboration with Moody’s Analytics, a global provider of analytic tools and risk assessment capabilities, to enable customers to seamlessly leverage Moody’s Analytics’ market-leading asset and liability management (ALM) SaaS product. Moody’s Analytics’ ALM SaaS product is now available as an interoperable and integrated component within GTreasury’s continuously modernizing software-as-a-service ecosystem for treasury and finance teams.

As small and medium-sized financial institutions grow, accumulated data reaches volume and complexity beyond what manual spreadsheets or outdated software can reliably or efficiently handle. These legacy approaches place increasing strain on internal staff – especially when accelerating growth puts financial institutions within the purview of new regulatory reporting requirements. Banks, credit unions, and other institutions in this position must implement automated capabilities that remove the burdens of routine ALM tasks and monitor and manage their risk far more effectively and completely.

Moody’s Analytics’ ALM SaaS product leads the industry in meeting these requirements, offering a seamless enterprise platform that integrates ALM, liquidity risk management, funds transfer pricing, and regulatory reporting capabilities. Institutions leveraging the product can fully integrate ALM into their business management and regulatory compliance processes, optimizing capital distribution to achieve strategic benchmarks. The product eases the management of even the most complex ALM tasks, while also providing a foundation for defining client behavioral models and forecasts, and delivering data-backed insights that drive key business decisions.

“Moody’s Analytics offers the most comprehensive and capable ALM product on the market today,” said Terry Beadle, Global Head of Corporate Development at GTreasury. “Small and mid-sized financial institutions struggling under the burden of their asset and liability management duties, especially from a regulatory compliance perspective, are instantly and significantly empowered by the automation and powerful tooling Moody’s Analytics’ ALM SaaS product puts at their command. We’re excited to introduce the many benefits of Moody’s Analytics’ offering to our customers as an interoperable, fully data-integrated, market-leading component of the GTreasury ecosystem.”

With Moody’s Analytics’ ALM SaaS product now available as another component within GTreasury’s ecosystem, customers can easily integrate their data and begin to harness the ALM solution across their treasury and risk management practices.

“Pairing GTreasury’s treasury and risk management system and our own leading ALM SaaS product is an advantageous strategy for firms optimizing performance and streamlining operations,” said Cayetano Gea-Carrasco, Managing Director at Moody’s Analytics. “We’re proud to work with GTreasury to help customers to realize their efficiency goals, and to make more informed and accurate business management decisions based on this seamless data.”

About GTreasury

GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and integrated ecosystem where cash, debt, investments and exposures are seamlessly managed within the office of the CFO. GTreasury delivers intelligent insights, while connecting financial value chains and extending workflows to third-party systems, exchanges, portals and services. Headquartered in Chicago, with locations serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide.

About Moody’s Analytics

Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.

REMINDER | Webinar | How successful master data management can help you secure financial processes? May 18th

10-05-2022 | treasuryXL | Nomentia | LinkedIn |

 

Find out how to manage your Master Data in a safe way including how to prevent fraud in this upcoming webinar next week on May 18 together with Nomentia, featuring Mark Roelands, Kendra Keydeniers and Huub Wevers!

Date & time: May 18, 2022 at 14:00-14:45 PM CET | Duration 45 minutes

In this webinar, we’ll discuss how you can manage your Master data in a safe way, how you can prevent fraud and sanction risks through the management of this data, and the subsequent processes that make use of your master data. This ranges from the creation of counterparties in your ERP to the safeguard checks in your payment process and system. 

More specifically, we will discuss the following topics:

  • Introduction to Master Data management
  • Managing the counterparty Master Data in your ERP
  • Trends that companies face related to Master Data
  • High-risk processes using your master data
  • Steps to create a safe and secure culture within your company
  • Setting up appropriate processes and systems to enable security

 

Throughout the webinar, you get a chance to ask any questions that arise.

Click here to register now!

Webinar Nomentia & TreasuryXL

Meet the speakers

Mark Roelands
Risk and Compliance Specialist
GRC Consulting

Kendra Keydeniers
Director Community & Partners
TreasuryXL

Huub Wevers
Head of Sales
Nomentia