04-04-2023 | Marc Verkuil | treasuryXL | LinkedIn | Marc heeft gewerkt en gewoond in diverse Europese landen, de VS en Dubai. Met zijn uitgebreide leiderschapservaring in diverse grote en middelgrote ondernemingen, heeft hij meer dan 35 jaar gewerkt aan het ontwerpen en implementeren van wereldwijde treasury- en belastingstrategieën.
30-03-2023 | Have you ever sat staring at a huge data set, perhaps spread across many files or sources, wondering how to collect and extract the valuable insights hidden within it?
28-03-2023 | Harry Mills | treasuryXL | LinkedIn | Inherent risk and residual risk are simple but important concepts to grasp when assessing risk. This article explores how these concepts fit into a risk management programme and why it’s important to know your numbers!
21-03-2023 | François De Witte | treasuryXL | LinkedIn | François maakt deel uit van het Rent a Treasurer-team van treasuryXL en Treasurer Search. Hij biedt zijn hulp aan bedrijven die geen eigen treasurer of treasury team hebben.
13-03-2023 | Carlo de Meijer | treasuryXL | LinkedIn | Recently I read a very interesting and stimulating article in a Dutch newspaper. It was about the Community Currency named Sarafu that is used in Kenya’s rural communities thereby trying to solve the issue of proper circulation of finances.
07-03-2023 | Bart Jansen | treasuryXL | LinkedIn | Bart Jansen is een ervaren Treasury professional. Hij is gedreven, resultaat gericht, hands-on en in de uitvoering rustig, betrouwbaar en communiceert gemakkelijk met een gezonde dosis humor. Na bij diverse grote bedrijven te hebben gewerkt, zoals Coca Cola, Grandvision, Nuon en Gasunie werkt Bart tegenwoordig voor zichzelf.
28-04-2021 | treasuryXL | Pieter de Kiewit
The great Dutch philosopher Johan Cruijff said: “Je gaat het pas zien als je het door hebt”, roughly translated “you only see if you get it”. I recently thought about this when visiting and working with a mid-sized local company. Their treasury team was much bigger than the teams of companies in the same industry two or three times their revenue size. In this team, for example, they had two employees full-time entering manual payments. Data and instructions are gathered from a multitude of systems and typed into banking software. Time is lost, mistakes are made, staff demotivated and money lost. They refused to hire a qualified candidate who could help because his expected base salary was a few thousands of euros too high…..
Recently the Dutch regulatory body for financial markets, AFM, published this research that shows that companies would benefit from a more mature market in alternative funding. One of their observations is that new solutions, for instance in working capital, are accepted even though the rates that have to be paid are preposterous. They see the market grow, not enough focus on credit rating and doubt if the market will stabilize in a professional manner. A stronger regulatory framework is suggested. I am in doubt, who will do the audit?
Those who are in need for strong treasury seem to ignore the available expertise. Distrust? Lack of time? Afraid of treasury lingo?
Personally I hope that entrepreneurs and CFOs will train their critical thinking and only use what they understand. Cost that are hidden in the total price of their treasury solutions are regretfully accepted easier than a separate price for the right solution and one for the advice. That is regrettable because one of the effects is that companies get perhaps the cheapest but the wrong solutions.
We have a simple suggestion: digest what you know about treasury and ask the most obvious question you can think of. Ask the expert panel and pass our suggestion forward to anyone you might think have a proper question. It is a matter of time until we get it all. I am sure.
Take care, Pieter
Owner at Treasurer Search
| 03-03-2020 | treasuryXL | Pieter de Kiewit
You might remember our previous blogs about the Rent a Treasurer. In this joint effort with Treasurer Search, we make high calibre treasury expertise available for organisations with treasury exposure without a specialist on board. Treasurer Search is in constant communication with the treasury labour market and knows who has what expertise and is available. treasuryXL has a wider network that includes CFOs of mid-sized companies and a very strong communication machine. Combining both enables the Rent a Treasurer service.
What we notice in our market research is that treasury is not well known by these CFOs, so they do not put it on their priority list. But CFOs do understand quickly the upside when speaking with and learning from a treasurer. Often not wanting extra headcount is mentioned as a reason not to act upon treasury opportunities. And many specialized treasury consultants are a better match with multi-billion corporates and costly. So mid-sized companies often rely on bankers and auditors. But many bankers focus too much on revenue and the knowledge of auditors is often not deep enough.
Currently we work with a core team of eight bringing the Rent a Treasurer concept to the next level. Six team members cover various subsets of treasury tasks and complement each other. Kendra represents treasuryXL and I work on behalf of Treasurer Search. We are the support. Our goal is to organise more meetings with CFOs and help them successfully save costs, mitigate risk and create opportunities through appropriate treasury solutions. We tell interesting stories, on a regular basis, to decision makers who might be interested and we will increasingly do so.
It gives me great pleasure to inform you that one of the team members, Niki van Zanten, currently works as a Rent a Treasurer on two different assignments where FX risk has the most prominent focus. With the first client, he has been able to save substantially on cost already in his first week. Niki is the perfect example of an expert who learnt in the Champions League, with Cisco & Philips, and applies his knowledge helping mid-sized companies.
If you want to know more about Rent a Treasurer or introduce us to your business network, please let me know. I am convinced many more can benefit from good treasury. We will keep you updated.
Owner at Treasurer Search
| 04-08-2020 | by Kendra Keydeniers |
A couple of months ago, we started the ‘Meet the Expert’ interview series with experts from the treasuryXL community with different treasury expertise.
Treasury needs to deal with an increasing availability of alternative financial products, intensifying risk management requirements, regulatory and compliance constraints.
What do our experts think about this rapidly growing movements within the treasury world? What developments do they expect in the future? What opportunities do they see?
We interviewed 10 experts over the last 10 weeks and asked them about their treasury career, experiences, the future of treasury and of course how COVID19 impact treasury from their perspective.
Did you miss an interview? No worries, here is a full overview of the ‘Meet the Expert’ series:
Bertus van de Kamp
Senior Business Consultant & Cash Management Specialist
Wim Kok
International Business Consultant & Trade Finance Specialist
Aastha Tomar
FX & Derivatives | Debt Capital Markets | MBA Finance | Electrical Engineer | Sustainability
Michael Ringeling
Corporate Treasury, Corporate Control and Banking
Olivier Werlingshoff
Cash- and Treasury management
Ger van Rosmalen
Trade Finance Specialist
Francois De Witte
Owner at FDW Consult | Sr. Project Manager at Gaming1 | CFO at Safetrade Holding
Arnoud Doornbos
Interim Treasury & Finance | Consultant | FX & Interest Derivatives | Treasury Outsourcing| Risk | Fintech | TMS
Vinzenco Masile
Treasury Expert/Credit Risk Manager
Arnaud Béasse
Debt Management Specialist
A big thank you to everyone that worked with me on this series, to everyone that selflessly shared their knowledge and experience with all of us! You guys rock.
If you’ve enjoyed our series so far, don’t worry, this is just the beginning! We are looking into more perspectives to share with you later this year when we will start the second ‘Meet the Expert’ interview series.
Take care and thanks for reading,
Kendra Keydeniers
Community & Partner Manager at treasuryXL
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