08-12-2022 | François de Witte | treasuryXL | LinkedIn | As embedded finance continues to evolve, there is an opportunity for treasurers to explore how these developments could help their businesses. The present article explores what embedded finance really means, what’s driving progress in this space, and where should treasurers begin.
07-11-2022 | François de Witte | treasuryXL | LinkedIn
In his day-to-day work, the accountant must in particular be able to follow/manage the cash flow and the credit collections of the company. Cash management starts from a different dimension than the accounting perspective, namely that of flows and cash management.
The objective of this training is to give an overview of the treasury dimension, flow and cash management, monitoring of client settlement (Credit Control) and risk management in terms of financing the company. In addition, we will also look at how best to manage the banking reporting, the reconciliation and the bank relationships.
At the end of the training, the participant will be able to:
Anyone interested in learning how accounting works and understanding corporate cash flow
Basic financial and accounting knowledge
22-09-2022 | François de Witte | treasuryXL | LinkedIn
The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The different modules will allow you to acquire the fundamentals of the different areas of the “Corporate Treasurer” profession.
Module 0 – Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager
Bank account opening/closing
KYC
Payments and bank connectivity
Liquidity structures
Cash forecast
Importance of working capital
Factoring/reverse factoring
Main financial measures
Economic thinking
Risk Measures
Hedging
Fraud risk
Credit risk
General context
Bank guarantees
Letters of credit
Module 1 : Payments, Cash Management and Banking Relations – Fundamentals
Speaker François De Witte / Consultant
Payment and interbank clearing and settlement methods.
Payments instruments, processes and tools
Electronic banking channels
Working capital, cash and liquidity management – basic concepts
Day to day cash management
Organisation of the cash management and tooling
Financing the company
Basic insights in managing banking relationships
Module 2 : Risk Management Applied to Treasury – Fundamentals
Speaker: François Masquelier / Group Treasurer
Module 3 : Trade Finance Applied to Treasury – Fundamentals
Speaker: Benjamin Defays / Treasury Manager
Module 4 : Credit and Collection Applied to Treasury
Speaker: Benjamin Defays / Treasury Manager
Module 5 : Cyber-fraud: what you need to know to manage this ever increasing risk
Speaker: Thierry Hamon / Cash management & Cybersecurity expert
Anyone who wants to acquire basic knowledge of corporate treasury and put this knowledge into practice.
Course material will be provided at the beginning of the course.
15-09-2022 | François de Witte | treasuryXL | LinkedIn
Finsiders is een financieel projectconsultancy bureau dat organisaties ondersteunt in hun tijdelijke nood naar ondersteuning, op vlak van controlling, accountancy, treasury en transformatie. We leveren operationele ondersteuning maar denken ook strategisch mee met de organisatie. Daarnaast begeleiden we onze consultants uitgebreid met persoonlijke coaching en begeleiding, onder andere via het online leerplatform van de Finsiders Academy. Daar kunnen ze tijds- en plaatsonafhankelijk zichzelf verder ontplooien en bijleren, alsook zich voorbereiden op een nieuw project.
Op dit moment zijn de volgende modules klaar:
De opleidingen zijn relevant voor finance professionals die een dieper inzicht willen krijgen in het cash en liquidity management.
Geïnteresseerden kunnen via de website inschrijven voor een e-learning naar keuze. Ze hebben 1 jaar toegang tot het online leerplatform en kunnen op eigen tempo en volgens hun eigen agenda tijdsonafhankelijk aan de slag.
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.
| 20-2-2017 | Boudewijn Schenkels | Sponsored content |
At the end of last year the SEPA Instant Payments requirements from the European Payments Council have been published. Consequently the Dutch requirements 3.0 from the Dutch Payments Association were published last month.
SEPA Instants Payments (also called SCT Inst – SEPA Credit Transfer Instant) will allow sending and receiving money 24/7 in seconds. European banking communities can go live from November 2017, the Dutch community has planned to go live from May 2019 with the first Instant Payments services. The development of the SEPA Instant Payments infrastructures of the banks and processors are in train. In april 2018 the start of the inter-CSM testing is planned, the end-to-end bank tests and the pilot phase from January until April 2019.
From our Instant Payments training classes for business professionals and IT staff, we find that participants are not fully aware of the large impact Instant Payments will have on the complete value chain and the opportunities it will bring. In order for you to understand the impact and opportunities, I will explain how Instant Payments are processed.
To give an impression of all the change aspects for users, the banks and the interbank processing side:
As the launch dates come nearer it certainly triggers managers to now thoroughly evaluate scope and time scales for (required) internal projects and ensure to be ready and steady before launch in 2019 as well as business professionals to anticipate and grasp the potential opportunities.
The key differences between the current SEPA Credit Transfer and the new SCT Inst scheme are:
In our training, we also explain the differences between the normal payment flow (SCT) and the Instant Payments flow (SCT Inst). The process flow is described below in summary and will take place in several seconds.
Figure 1. (Source: EPC Rulebook)
Several key actors are involved in the payments process:
The Originator Bank receives an SCT Inst Instruction from the Originator (Step 1). It verifies the instruction and sends the transaction to the CSM (Step 2), which verifies the message, ensures that the Originator bank has enough funds and instantly sends the SCT Inst Transaction message to the Beneficiary Bank. The Beneficiary Bank instantly verifies the payments and if it can be booked on the account of the Beneficiary (Step 3). The Beneficiary Bank confirms to the CSM if it was successful (positive confirmation) or not (negative confirmation with an immediate Reject) (Step 4). The Beneficiary can withdraw the funds (Step 5) instantly if in the previous step the confirmation was positive (and after the Beneficiary Bank has ensured that the CSM received the positive confirmation message). The CSM instantly reports to the Originator Bank if the SCT Inst Transaction had been successful (or not) (Step 6). In case the Originator Bank receives a negative confirmation about the SCT Inst transaction which indicates that the funds had not been made available to the beneficiary, the originator bank is obliged to immediately inform the originator (Step 7) and lift the reservation of the amount made in step 1.
This all means, that beside the flow of money, there is also a flow of messages between the customer and the bank. Both Beneficiary and Originator will be informed (in a few seconds) that the transaction is done (or not).
Are you interested in what the new SEPA Instant Payment will mean for your organization?
Come to our next open training (March 15 in Utrecht) or inquire about the possibilities of an in-house training.
More information at: www.paymentsadvisorygroup.com.
If you have any questions please contact us via: [email protected] .
Senior Consultant Payments @ Payments Advisory Group
17-01-2022 | François de Witte | treasuryXL |
In order to be accepted to this certified path it will be asked to complete this application form .
This training will be planned and will start when a sufficient number of participants has been reached. You will then be informed at least 2 months before the course starts.
However, you can still fill in your application and we will contact you.
If you do not wish to be certified but are interested in the topics, almost every course can be purchased independently by clicking on the title in the content below. This certified path is a blended training which contains both physical and virtual classroom, e-mentoring, teamwork, etc.
The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.
Objectives
At the end of this programme, the participant will able to:
The various modules will allow to acquire an in-depth knowledge of the different areas of the “Corporate Treasurer” profession.
Programme
Speaker: Benjamin Defays / Treasury Manager
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School
Speaker François De Witte / Consultant
Speaker: Benjamin Defays / Treasury Manager
Speaker: Benjamin Defays / Treasury Manager
Speaker: Lievin Tshikali
Speaker: François Masquelier / Group Treasurer
Speaker: François Masquelier/ Group Treasurer
Speaker: Thierry Hamon / Cash management & security expert
Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).
There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).
Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.
The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).
At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL.
In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required.
The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.
| 29-10-2021 | François de Witte | treasuryXL |
Een bedrijf financieel gezond houden kan niet zonder een gedegen werkkapitaalbeheer. In deze basisopleiding bekijken we alle inkomende en uitgaande geldstromen (debiteuren, crediteuren, voorraden en cash). U leert hoe u deze geldstromen kan beheren en optimaliseren. Een aanrader voor iedereen wie interesse heeft en de noodzaak inziet van een transparant treasury- en creditmanagement. Deze opleiding gaat klassikaal door in campus Gent.
Productieprocessen, (internationale) logistieke processen en verkoopprocessen brengen grote geldstromen in beweging. Een bedrijf financieel gezond houden kan niet zonder een gedegen werkkapitaalbeheer. In deze basisopleiding bekijken we alle inkomende en uitgaande geldstromen (debiteuren, crediteuren, voorraden en cash). U leert hoe u deze geldstromen kunt beheren en optimaliseren. Een aanrader voor iedereen wie interesse heeft en de noodzaak inziet van een transparant treasury- en creditmanagement.
Deze module richt zich tot bedrijfsleiders, alsook alle financieel verantwoordelijken, leden van het treasury team, controllers, financieel adviseurs, accountants, accountmanagers en productmanagers bij financiële instellingen.
Financieel basisinzicht is vereist.
Het programma komt in aanmerking voor 9 uren permanente vorming bij ITAA.
Het programma is doorspekt met cases die samen met de deelnemers behandeld worden. Naast voorbeelden uit de praktijk die de theoretische onderbouw concretiseren, is er steeds aandacht voor de opmerkingen en vragen van de deelnemers. Om deze reden is het aantal deelnemers beperkt.
| DATUM | STARTUUR | EINDUUR |
|---|---|---|
| woensdag 01/12/2021 | 9:30 | 12:30 |
| woensdag 01/12/2021 | 13:30 | 16:30 |
| woensdag 8/12/2021 | 13:30 | 16:30 |
| 15-7-2021 | François de Witte | treasuryXL |
In order to be accepted to this certified path it will be asked to complete this application form .
This course will start in October 2021. It includes 9 training modules and 5 intermediary exams. It is necessary to complete this form before your official registration. Registration will be closed on 1st September 2021 .
If you do not wish to be certified but are interested in the topics, almost every course can be purchased independently by clicking on the title in the content below. This certified path is a blended training which contains both physical and virtual classroom, e-mentoring, teamwork, etc.
The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasure” profession.
At the end of this programme, the participant will able to:
The various modules will allow to acquire an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.
Module 0: Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager
Module 1: Financial Maths in Excel (Focus on treasury & corporate finance)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School
Module 2: Payments, Cash Management and Banking Relations
Speaker François De Witte / Consultant
Module 3: Trade Finance in context of uncertainty
Speaker: Benjamin Defays / Treasury Manager
Module 4: Introduction to Counterparty Credit Risk Management and Cash Collection
Speaker: Benjamin Defays / Treasury Manager
Module 5: Practical Aspects of International Finance Regulation
Speaker: Lievin Tshikali
Module 6: Risk Management applied to treasury
Speaker: François Masquelier / Group Treasurer
Module 7: Technologies applied to treasury
Speaker: François Masquelier/ Group Treasurer
Module 8: Cyberfraud: what you need to know to manage this ever increasing risk
Speaker: Thierry Hamon / Cash management & security expert
Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).
There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).
Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.
The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).
At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL. In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required. The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.
| 06-05-2021 | François de Witte | treasuryXL |
Ensure that you are operating best practice in the current economic climate and receive the latest update on industry developments through the key topics:
June 2-4, 2021
After having worked for more than 30 years in banking, François launched his own consultancy activity, FDW Consult Services BV, specialized in Banking, Finance and Treasury consulting. From 2014 to 2016, he was also Solution Partner Treasury & Finance at USG Professionals. Since then, he took up several assignments, including one in the automotive sector with Ginion Group and with Ibanity, part of Isabel Group in the area of PSD2 and Open Banking. He currently is Senior Project Manager Treasury at Gaming1 (part of Ardent-Group). He is also independent Director at CKV, a niche mortgage and savings bank & Community Ambassador of treasuryXL.com.
François is lecturer of the course “Advanced Treasury” and “Cash and Working Capital Management” in the Mastersprogram “Finance and Treasury” at the Lille Management School, at the Treasury Courses at the Vlerick Business School, at Febelfin Academy, and at SBM Opleidingen. He has also a leading role in the Certificate in International Treasury and Corporate Finance Management organized by ATEL and the House of Training in Luxembourg. François has a Master’s degree both in Law and Economics from the Katholieke Universiteit Leuven.
Register by sending an email to [email protected] for further instructions
You already know the problem. Currency moves you didn’t see coming, a hedging policy that looks better on paper than in practice, and that nagging feeling you’re managing FX reactively rather than proactively.
On May 12, we’re getting into all of it — what’s changed, what smarter looks like, and what you can actually do about it.