What is Risk Management Archives - Page 38 of 52 - treasuryXL

Effective Finance & Treasury in Africa event run by EuroFinance | London

23-02-2022 | Eurofinance | treasuryXL |

If your company operates in Africa or is thinking about it, then join us at Effective Finance & Treasury in Africa on March 23rd in London. Now in its 9th year, this intimate event brings together more than 150 senior corporate treasury professionals from leading multinationals – all involved in markets across the continent.

With peer-to-peer learning and knowledge-sharing more important than ever before, join other treasury leaders to debate the key issues, share success stories and gain practical guidance on how to overcome your shared challenges.

From treasury technology to managing liquidity risks, financing strategies, FX, payments and more, the concise 1 day agenda will provide all the information you need to redesign your treasury operations for cost and efficiency, power innovation and support business growth.

Speakers include:

Jan Beukes, Group treasurer, MultiChoice Group Ltd

Omofolake Fawibe, Head of finance, IBS, Danone SA

Ricky Brink, Treasury professional, Siemens SA

Titus Owoeye, Head finance, Fan Milk West Africa

Gain all the tools you need to succeed in Africa in 2022 and beyond.

Registration is open – find out more and register now.

GTreasury Innovation Lab Launches with Goal of Accelerating the Development and Deployment of New Treasury Technologies

17-02-2022 | treasuryXL | Gtreasury | LinkedIn |

The new business unit is a streamlined proving ground for the transformative solutions that empower modern treasurers

CHICAGO, Ill. – February 17, 2022 – GTreasury, a treasury and risk management platform provider, today announced the launch of the GTreasury Innovation Lab. Expanding and formalizing the culture of technology innovation that GTreasury has always supported within the company, the Innovation Lab is structured to bring significant and differentiated impact to customers through brand new advances in treasury management.

The technology team at GTreasury continuously recognizes potential opportunities for treasury innovation. The company has traditionally held twice-annual hackathons to explore unique and creative ways to advance treasury technology and integrations. Now with the launch of the GTreasury Innovation Lab, each member of GTreasury’s technology team will have a dedicated cycle within the lab, gaining a purpose-built and regular outlet for putting ideas to the test. GTreasury developers also constantly absorb feedback from the customer support team, which gives them insight into the specific challenges that treasurers face. Those insights inform developers’ innovative approaches to increase the capabilities, usability, and overall efficiency of the solutions within the GTreasury platform, both for customers and GTreasury’s internal team that supports them.

“GTreasury has always been forward-looking with the technology and integration capabilities that can enable treasury and finance teams to do more and do it more efficiently,” said Ciarán O’Neill, Director – Innovation Lab, GTreasury.

“We keep one eye on where customers are right now and one eye on where they want to be. Our focus is on making sure that we’re always leveraging the latest technologies and offering future-proof solutions – it’s that philosophy that has led to pioneering creations like SmartPredictions™, our AI-fueled cash forecasting tool. The launch of the GTreasury Innovation Lab accelerates our pursuit of the innovations that it takes to develop and deliver powerful and compelling technological advances to our customers, and we’re excited to get going.”

Technologies born in the GTreasury Innovation Lab will progress through a systemic process designed to ensure the viability of a new solution. Developers at the lab first nurture initial ideas into working proof of concepts. Lab members then vote to select the solutions with the most potential to provide demonstrable day-to-day value for treasury teams. Solutions next enter a validation phase, where ideas are presented to internal stakeholders and customer representatives, including early adopters of a beta product. Validated solutions then move to a production development team to be fully built and integrated as stable enterprise-grade components of the GTreasury platform.

The GTreasury Innovation Lab already has a slate of high-potential solutions in ideation, including many in areas where the introduction of AI/ML capabilities offers tremendous potential. Initial areas for exploration include advances around BI reporting, risk analysis modules, and a reconcilement module offering more automated and accurate reconcilement between forecasted and actual treasury payments.

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.

Launch of the Treasurer Test 2.0, the new version of the assessment tool for Corporate Treasurers

08-02-2022 | treasuryXL | LinkedIn |

treasuryXL announces the launch of the Treasurer Test 2.0, the new version of the assessment tool for Corporate Treasurers.

Conference “Toekomst Betalingsverkeer” 31 March 2022 Amsterdam | Discount 20%

02-02-2022 | treasuryXL | Kendra Keydeniers |

Euroform will host the 22^nd edition of the Conference “Toekomst Betalingsverkeer” on Thursday March 31, 2022 at the Beurs van Berlage in Amsterdam.

“Toekomst Betalingsverkeer” is a major event in the Payment Business with round table sessions, keynotes and more.

PAYMENT TRAFFIC EXPERIENCED A MASSIVE DEVELOPMENT OVER THE LAST YEAR

Payment trends accelerated during the corona pandemic. Due to the dynamic market conditions, both supply and demand changed rapidly.

Payments are becoming increasingly seamless, embedded and contextual;
More and more technological possibilities are becoming apparent. This also entails risks. Therefore, improving cybersecurity remains essential to guarantee security;
Artificial Intelligence and Machine Learning can help detect and prevent security breaches. Customer verification can serve as an extra layer of security;
To offer customers an optimal, easy and fast payment experience, more and more integrated payments are being used;
Platforms are also becoming more popular. They see an opportunity to broaden their offer with opportunities around investing and cryptocurrency.

Many steps have already been taken to promote innovation and digitization within the payment system.

What important developments can we expect in the future of payment systems? Together with other payment professionals, you will dive into the conversation around this topic.

At the event there is plenty of room to network and learn from each other. Inspire and challenge each other, exchanging knowledge, experience and ideas are key.

What can you expect?

Discussions and Keynote sessions about the following three important topics:

Regulations, Reality
Embedded: The New Payments Behavior
Acceleration Towards New Money

Furthermore,

Expand your professional network with the attendance of 300 + strategic payment experts
Over 10 C-level speeches with topics like: Digital Transformation in Banking, FinTech, NextGen customer, New PSD2 Business Models, Blockchain Impact and Artificial Intelligence
20 round table sessions: EID, PSD2, Instant Payments, Cybersecurity, Cryptocurrencies, Data-Driven Business Models
Plenty of networking opportunities with Drinks & Bites

Program and Speakers

You can see an overview of all the speakers of 2022 here.

To take a deeper dive into the full program you can view and download the agenda here.

Join the event with a discount and register exclusive via treasuryXL

The registration fee to attend the event is € 849,00 per attendee.

We are happy to provide our readers with a 20% discount on your registration fee.

Make sure to use this exclusive link to register with a discount.

I wish you a great event!

Kendra Keydeniers

Director, Community & Partners
treasuryXL

Corporate Treasury Data Insights: trends in COVID-19 Refinitiv usage data

01-02-2022 | treasuryXL | Refinitiv | LinkedIn |

Andrew Hollins, Director of Corporate Treasury Proposition at Refinitiv, brings you a round-up of the latest Corporate Treasury Data Insights, including corporate treasury activity during COVID-19 illustrated through Refinitiv’s usage data, a Refinitiv report on ESG risk and whether carbon markets matter to COP26.

Corporate treasury activity illustrated through Refinitiv data usage saw the COVID-19 pandemic split into three distinct phases.
The initial phase concentrated on credit risk data and analytics, as well as corporate financial data. Meanwhile, phase two focused on cash balances, and phase three honed in on ESG data and analytics as the world moved towards the ‘new normal’.
Other areas of corporate treasury under the microscope included risk mitigation and ESG, carbon markets and COP26, and the state of the U.S. labour market.

For more data-driven insights in your Inbox, subscribe to the Refinitiv Perspectives weekly newsletter.

Chart of the Month

Refinitiv’s usage data paints a fascinating picture of corporate treasury activity throughout the pandemic. As events unfolded, we saw interesting and distinct dynamics play out.

We’ve discerned three phases of the pandemic.

Phase 1: the survival phase

The standout feature of this initial period was the focus on credit risk data and analytics, highlighted by an unprecedented increase in usage of the Credit Default Swaps app – 155 percent in EMEA, and 120 percent in Asia and the Americas.

Demand for corporate financial data also grew strongly – notably company fundamental data (usage up 81 percent), private company data (usage up 33 percent), sectoral data, and peer analysis (usage up 113 percent).

Conversely, during this initial phase, we saw a distinct fall in demand for ESG and LIBOR-related data and analytics.

Phase 2: the cash and corporate health phase

From June to September 2020, activities aimed at boosting cash balances were very much apparent. Our data showed a notable acceleration in corporate debt issuance.

In addition, there was also another, even bigger, jump in demand for company fundamental data with usage of key ratios and cashflow data growing by 160 percent and 175 percent respectively.

Phase 3: return to ‘new normal’

Emerging from the pandemic demand for ESG data and analytics is once again rising strongly. Between December 2020 and March 2021, it has grown by 93 percent to stand well above pre-COVID-19 levels.

This trend is likely to continue its upward trajectory given the rapidly evolving regulatory and demand-led factors that seem to be driving the focus on sustainability.

Refinitiv unpacks more of our usage data insights in a new masterclass series produced in collaboration with TreasuryToday.

Log-in or register at TreasuryToday to follow the series

Refinitiv report: Risk mitigation and the pivotal role of ESG

The far-reaching consequences of COVID-19 have forever changed the risk landscape, and rising levels of third-party risk now demand urgent attention.

Persistent gaps in formal due diligence must clearly be addressed, but a broader sea change is needed: both financial institutions and corporates need to adopt a more holistic approach to risk management – one that incorporates environmental, social and governance considerations as a fundamental tenet of the risk mitigation process, rather than as a separate silo.

Read the report: Risk mitigation and the pivotal role of ESG

Why do carbon markets matter to COP26?

Carbon markets are a key tool for countries to cut their greenhouse gases and meet their Paris Agreement commitments.

The cost of polluting is rising in Europe, parts of North America, South Korea and New Zealand. Most likely it will do so in China, the latest country to launch a national emissions trading system.

Read the blog: Why do carbon markets matter to COP26?

Are U.S. labour markets healing?

The COVID-induced rigidities in the U.S. labour market are easing, but the labour market remains extremely tight, implying potential upwards pressure on inflation from wages.

What can the Beveridge curve tell us?

Inflation gets complicated

There are textbook ways for investors to beat inflation. Unfortunately, we do not live in a textbook world.

Inflation chatter is always a thing, but the shocks are now coming thick and fast.

Decades of globalisation had muted inflation, and the last time the Consumer Price Index (CPI) topped 5 percent was just over a decade ago.

Refinitiv Lipper explores

Refinitiv Corporate Treasury Newsbeat

Refinitiv launches USD IBOR Institutional Cash Fallbacks in production to facilitate industry transition from USD LIBOR | Refinitiv has announced that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval. Read more

GTreasury Adds Executive Leadership Amid Surging Demand for Modern Technologies that Empower Treasurers and the Office of the CFO

26-01-2022 | treasuryXL | Gtreasury | LinkedIn |

Travis Arthur (Chief Marketing Officer) and Matthew Carey (Chief Revenue Officer) bring extensive experience scaling global businesses and driving growth for disruptive SaaS solutions

CHICAGO, Ill. – January 26, 2022 – GTreasury, a treasury and risk management platform provider, today announced two additions to its executive management team: Travis Arthur as Chief Marketing Officer and Matthew Carey as Chief Revenue Officer. The appointments come as GTreasury accelerates technological innovation, customer growth, and key strategic initiatives such as the recent acquisition of Hedge Trackers.

Arthur will guide the positioning and market strategy of GTreasury as the leader in digital treasury and risk management solutions for corporate treasurers, finance teams, and the office of the CFO. Carey will lead the global sales and go-to-market strategy and execution for GTreasury, which includes a focus on expanding GTreasury’s sales presence into new geographies.

Arthur joins GTreasury with particularly deep industry experience as a revenue-focused executive, bringing a proven record of planning and executing successful growth campaigns at fast-scaling SaaS businesses. He comes to GTreasury from Social Solutions, where he led go-to-market strategy, sales and marketing transformation, and demand generation as the Chief Growth Officer for the SaaS company. Previously, Arthur served as the Senior Vice President of Marketing for the digital banking software provider Q2, where he oversaw the strategy, development, and execution of the company’s market positioning and demand generation initiatives. Arthur has also held senior-level sales and marketing roles within Rackspace, ReachLocal, and Dell.

Carey brings GTreasury extensive experience leading global teams at companies ranging from hyper-growth startups to multi-billion-dollar global enterprises. He most recently served as the Vice President of Regulated Industries at SAP, where he was responsible for all sales, marketing, and operational activities for that vertical in the United States. Prior to SAP, Carey led global sales and channel operations for SnapApp, the cloud-based interactive marketing platform, and served a similar role for Bottomline Technologies, the cloud-based payment, cash management, cyber-fraud, and security solutions provider. Carey also has almost a decade of sales leadership at Oracle, where he led global teams selling big data, analytics, security, and cloud solutions.

“The need for transformative treasury modernization has never been higher, as legacy systems continually erode the effectiveness of today’s corporate treasurer in an ever-faster world,” said Renaat Ver Eecke, CEO, GTreasury.

“As we continue to build new capabilities into our platform and integrate with more partner technologies, we anticipate even more demand than we are seeing right now. Travis and Matt are the leaders to steer this growth and ensure that our unique capabilities and differentiation are well-understood by current and prospective customers. On behalf of the GTreasury team, we welcome Travis and Matt and are excited for the next chapter of GTreasury’s growth.”

“GTreasury is a rare combination of a well-established technology provider that continues to set the bar on innovation,” said Arthur.

“The GTreasury team has earned its reputation as being highly focused on delivering the digital treasury capabilities that its customers want, and it has always kept its eye on the future of the industry. We anticipate a strong year ahead as we expand and strengthen our teams to meet market demands.”

“GTreasury enables treasury teams and the office of the CFO to focus resources on critical business initiatives without the manual and disconnected processes that hamper productivity,” said Carey.

“The cost efficiencies and streamlined operations that GTreasury enables are significant advantages to its global customer base, and I look forward to bringing the benefits of a modernized treasury to more organizations across the globe.”

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.

Screening your new Treasurer aka “Trust is good, is control is better?”

26-01-2022 | treasuryXL | Pieter de Kiewit | LinkedIn | Google tells me the statement “Trust is good, control is better” is from Lenin. Perhaps this says something about the Russian culture at that time, about Lenin himself and our thoughts about the statement might also tell us about ourselves. I looked this up because of the extra screening […]

PODCAST | Who does not lose, wins (Dutch Item)

19-01-2022 | Erna Erkens | treasuryXL |

Erna Erkens is valutacoach voor MKB en helpt internationaal handelende ondernemers om grip te krijgen op hun winst. Met ruim 40 jaar ervaring in het beheren van valutarisico’s, staat zij vooral bekend om haar recht-door-zee aanpak, eenvoudig taalgebruik en duidelijke uitleg. Virtueel drinkt zij dagelijks rond 10 uur een kopje koffie met haar klanten om het financiële nieuws door te nemen.

Waarom hebben de kleine lettertjes in vermogen opbouwen vaak de grootste impact? En waardoor is lijkt China de grootste wereldmacht te worden? Ontdek wat het verschil is tussen kennis en informatie, waarom velen van ons zo’n verzamelwoede hebben en last but not least… Waarom winst vaak tot net zoveel problemen kan leiden als verlies. Kortom: Een begrijpelijk gesprek over een onbegrijpelijke wereld waar we allemaal in leven.

Verder leer je in deze podcast:

Waarom het vaak niet om winst maken gaat
Waarom we teveel in geld zijn gaan vertrouwen, en geld vertrouwen is
Waarom je als financieel adviseur soms juist geen beleggingen moet bezitten
Bonus: Waarom je beter een kastekort kan hebben dan een broek te kort

Pak een kopje koffie erbij en schuif aan bij dit gesprek over mogelijkheden en onmogelijkheden met vreemde valuta.

Erna Erkens

Owner at EEVA

GTreasury Acquires Hedge Trackers, the Global Leader in Hedge Accounting Software and Consulting

18-01-2022 | treasuryXL | GTreasury |

CFO demand for financial risk solutions is soaring; the deal gives GTreasury industry-leading hedge accounting technology and expertise

CHICAGO – January 18, 2022 – GTreasury, a treasury and risk management platform provider, today announced the acquisition of Hedge Trackers, the leading provider of accounting, consulting, and software services to protect clients against financial risk. The acquisition joins Hedge Trackers’ hedge accounting expertise and SaaS solutions with GTreasury’s unparalleled treasury and risk management platform. The combination of the two companies provides customers with best-in-class, integrated risk management technologies while continuing to expand GTreasury’s SaaS ecosystem built for treasury teams and the office of the CFO.
“Most CFOs and treasury teams understand the criticality of exposures and forecasts, but the highest-performing teams recognize and act on the subtle nuances directly impacting exposure,” said Renaat Ver Eecke, the CEO of GTreasury. “These are key decisions that have an outsized effect on corporate finances. Our acquisition of Hedge Trackers creates a unique and exciting opportunity for organizations to significantly, confidently, and advantageously optimize their complex accounting. With GTreasury’s product development capabilities, we can accelerate the expansion of Hedge Trackers’ robust Capella software capabilities and our best-in-class risk management solutions to better meet the requirements of modern CFOs and treasury teams.”

CFOs Drive Unprecedented Demand for Hedging Solutions

CFOs and treasurers face increasing volatility around foreign exchange rates, interest rates, and commodity prices – all of which can result in significant corporate losses without the right strategy, technology, and execution. This is why hedging and risk management solutions, along with hedge accounting services, have experienced such significant growth. FX hedging solutions alone are expected to grow 40 percent in the next two years, according to a recent survey from Topline Strategy, a consulting firm that looks at business technology adoption trends.

“CFOs increasingly realize that hedging is critical for success in a global economy,” said Ver Eecke. “A well-run risk management and hedging program helps CFOs gain control and provide clearer financials despite volatile foreign exchange rates, interest rates, and commodity prices. This acquisition catapults GTreasury into a leading position in the industry: both companies will combine to help CFOs and treasury teams more easily adopt risk management solutions and protect their bottom line.”

Hedge Trackers Brings GTreasury Unparalleled Expertise

Founded in 2000 by industry pioneer Helen Kane, San Jose, Calif.-based Hedge Trackers has amassed unparalleled domain expertise and technical depth in helping CFO offices establish hedging strategies, identify exposure, manage risk, and meet compliance and audit requirements. No public company has been required to restate earnings due to the derivative accounting and reporting practices implemented by Hedge Trackers. The company’s SaaS solutions are used by a wide range of companies, from pre-IPO businesses to the Fortune 100, and span across industry sectors including technology, manufacturing, pharmaceuticals, retail, defense, energy, banking, and credit unions.

“Your top priority as CFO is determining what matters most in your organization’s financial statements,” said Helen Kane, CEO of Hedge Trackers. “Do you care about revenue? Operating income? With this acquisition, the combined GTreasury and Hedge Trackers teams will help CFOs and the teams they manage to think more strategically. The powerful combination of GTreasury and Hedge Trackers will deliver organizations the most comprehensive and intelligent solution for managing and mitigating financial risk. Hedge Trackers is a perfect fit for GTreasury, and we’re excited to now see all that we can accomplish together.”

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.

Research Report: Intercompany Netting – Insights that Warrant a Response

12-01-2022 | treasuryXL | Coprocess |

Download your copy of the Netting Report to understand more about the benefits of netting solutions, adoption rates and types of companies using netting, and more.

If your organization regularly processes payments between your subsidiaries, it could make sense to implement a structured intercompany netting solution to streamline processes and save on FX trades and transaction fees. But how do you know if it makes sense or when the time has come to take that next step for processing intercompany payments?

Download this report to review the results of recent netting research and get insights into netting use and benefits. The results can help you understand:

The benefits of intercompany netting
What factors drive the implementation of a netting solution
Adoption rates and types of companies using netting
How to build the business case for intercompany netting

Click here, enter details, download & receive