BCR Publishing

We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.

Working with industry leading organisations, experts, governments and universities, BCR Publications delivers expertise in factoring, receivables and supply chain finance to a global audience.

BCR has long been a beacon of innovation and excellence in the realm of receivables finance, playing an instrumental role in shaping the industry’s international landscape. Through its comprehensive conferences, insightful publications, and thought leadership, BCR has facilitated crucial dialogues and connections among industry professionals, driving forward the development of receivables finance globally.

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For corporate treasurer roles/functions!

How Treasurers Can (Still) Get Ahead During Uncertain Times

08-11-2022 | treasuryXL | GTreasury | LinkedIn |

Victoria Blake, the Chief Product Officer at GTreasury, recently ran through four trends that corporate treasurers ought to be paying careful attention to—particularly as ongoing economic uncertainty heads into 2023.

Blake argues that “treasurers without a connected treasury are left playing an ever-widening game of catch-up.” She offers specific advice for how treasurers can approach FX rate visibility, cash forecasting, bank fee analysis, and API connectivity. This is a must-read treasurer as they plan their treasury technology strategies for 2023.

Training: Treasury Management and Credit Collections

07-11-2022 | François de Witte | treasuryXL | LinkedIn

treasuryXL expert François de Witte will be giving a treasury training at the House of Training in Luxembourg on 22 November. We would like to highlight this valuable training which is available for only 255 euros!

Description

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.

Objectives

At the end of the training, the participant will be able to:

Identify the cash flow components and their interactions with accounting
Understand the basics of a company’s day-to-day cash management
Optimize flows in the company
Manage customer collections and the development of a “Credit Control”
Better understand banking reporting and reconciliation
Know the organization of a treasury department and its tools
Identify basic tools for hedging risks, managing debt and excess liquidity

Programme

Definition of treasury objectives
Relations and interactions with other departments including accounting
Optimizing the management of financial flows in the company
Cash and liquidity management
Basic cash management techniques
Identification and management of financial risks
Financing and banking management
Technical tools available to the treasurer

Target Audience

Anyone interested in learning how accounting works and understanding corporate cash flow

Prerequisites

Basic financial and accounting knowledge

François de Witte

The Impact of Rising Interest Rates on Working Capital

07-11-2022 | treasuryXL | ComplexCountries | LinkedIn |

No apologies for the second report on working capital and interest rate rises in a short period: we are seeing significant changes in the business environment, and treasurers are being challenged.

Source

This call focused primarily on the higher interest rate environment. One participant was mostly concerned about how to invest excess cash – the others are grappling with rapidly increasing working capital, driven by the need to keep bigger buffers, due to COVID and the Russia/Ukraine war, and the long delays in logistics circuits.

Funding challenges:

One participant manages treasury for South America, where there have been significant rises in interest rates, and, in some countries, funding shortages, with banks unable to provide cash and prioritising local companies. The challenges have been manageable, and they have not had to resort to drawing down all their lines to make sure they are available. This behaviour, which is akin to the rush on toilet paper in supermarkets, has been an issue in many markets, including more developed ones. However, there has been some, limited, pre-funding around significant events.
This has led to an increase in the number of banks in the funding panel.
One participant prefers their subsidiaries to fund themselves locally – but the cost of higher interest rates (for example, 35% in Turkey) is dissuasive, even if, economically, they are significantly below the inflation rate (>80%).
There is an increased focus on being more efficient in the use of cash within the company, so more pressure on cross-border pooling, accessing trapped cash, intercompany netting, etc.
Some participants are using the situation to selectively get higher discounts for pre-paying suppliers: this can be an effective way to increase the return on cash
Generally, the participants are at the point where these challenges cause additional work, but none of them is particularly serious.

Working Capital Management

Typically, treasurers have to fund working capital, but they do not manage it.
In all cases, there is a dialogue with the business about how much working capital the business can support, and how it can be reduced.
Higher interest rates are resulting in increased expense. Depending on the company, this may, or may not, be reflected in the measurements of the business units.
The participants all agreed with the business need to hold more inventory, but a dialogue is required to make sure this doesn’t get out of control. One participant works with the business on resisting calls to change payment terms, while another helps arrange pre-funding for suppliers, when needed.

Contributors:

This report was produced by Monie Lindsey based on a Treasury Peer Call chaired by Damian Glendinning

To access this report:

Access to the full report is available to Premium Subscribers of ComplexCountries. Please log in on the website of ComplexCountries to access the download.
Please contact ComplexCountries to find out about their subscription packages.

BCR Publishing

We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.

Follow BCR Publishing

ARTICLES

How Treasurers Can (Still) Get Ahead During Uncertain Times

Read more at Treasury Management International

Training: Treasury Management and Credit Collections

Description

Objectives

Programme

Target Audience

Prerequisites

François de Witte

The Impact of Rising Interest Rates on Working Capital

Funding challenges:

Working Capital Management

To access this report:

Go to

Partner Program

Contact us

Subscribe

When? Tuesday, March 10th

BCR Publishing

We are the leading provider of news, market intelligence, events and training for the global receivables finance industry.

Follow BCR Publishing

ARTICLES

Read more at Treasury Management International

Description

Objectives

Programme

Target Audience

Prerequisites

François de Witte

Funding challenges:

Working Capital Management

To access this report:

Go to

Partner Program

Contact us

Subscribe

Live Session: The New Way Treasurers Are Managing Payables – Old Tool, New Tricks

When? Tuesday, March 10th

Start: 10:00 am CET

Duration: 45 minutes