18-04-2023 | Last year September Ethereum blockchain entered a new phase in its Ethereum 2.0 journey. After launched the Beacon Chain in December 2020, a parallel blockchain which acts as consensus engine that runs on proof of stake, The Merge was concluded in September 2022 whereby the Beacon Chain and the Mainnet, the normal Ethereum blockchain, merged into one blockchain thereby switching from Proof of Work to Proof of Stake.
12-04-2023 | 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!
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
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