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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Four Things Every CFO Should Know About Treasury
06-01-2022 | treasuryXL | TIS | LinkedIn |
This article is intended as a precursor to TIS’ latest whitepaper that highlights how CFOs can use their knowledge of the treasury function to spearhead initiatives that drive higher revenue, better financial decision making, and greater process automation and control. After reviewing how modern treasury groups typically operate, we will analyze the main benefits that a fully-optimized treasury team can provide to the CFO and an organization at large. To assess the full suite of data, insights, and commentary, download the whitepaper.
A CFO’s Summary of the Treasury Function
Although most CFOs will (or should) have a robust understanding of how the treasury function operates, let’s start with a quick synopsis for those who may be newer to the role.
At the highest level, treasury is a subset of the finance department that is responsible for safeguarding their organization’s most important asset (cash) as well as providing transparency and control over the day-to-day processes necessary for the company to meet its financial obligations (i.e. payments). This means that at its core, the treasury function most commonly performs:
Of course, certain treasury teams will have additional duties levied onto them depending on the size, complexity, and structure of their organization. For instance, cash flow forecasting, FX trading, debt and investment activity, and cash pooling or netting are all functions that commonly fall under treasury’s purview, but it ultimately depends on the specific makeup of their organization.
Moving beyond these core roles, however, it’s also important to note that treasury groups, even those at multibillion-dollar, multinational companies, often consist of five or fewer individuals. In fact, data from 2020 showcased that the average treasury size for U.S. organizations, regardless of company size or complexity, was just four personnel. Further data from 2020 shows that the majority of these teams are accustomed to working remotely, with team members often located across entirely different regions and time zones.
But while treasury staffing might be kept to a minimum, the best teams still manage to optimize their processes by relying heavily on technology automation instead.
In order to function at the highest level, modern-day treasury teams utilize a variety of digital technologies that range from bank portals and Excel spreadsheets to cloud-based ERPs and TMS platforms, payment hubs, business intelligence solutions, and many other specialty systems. In 2021, the majority of solutions that treasury teams use are SaaS-based and connect via APIs with other SaaS solutions in their company’s environment, including other back-office solutions as well as external partner, vendor, and 3rd party platforms.
Thus, for organizations that are smart about their hiring decisions and that leverage finance and treasury technology in a strategic and efficient manner, even the smallest of treasury teams can excel at their roles and boost financial productivity.
However, on the opposite end, organizations that either ignore or underutilize their treasury group can end up with significant gaps in their financial processes, particularly from a payments, liquidity, and risk management standpoint.
Four Things Every CFO Should Know About Treasury
Download our latest whitepaper to gain additional data, graphics, and commentary!
Access the whitepaper.
About TIS
TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize outbound payments. Corporations, banks and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyze cash flow and compliance data, and improve critical outbound payment functions. The TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain strategic advantage – and ultimately achieve enterprise payment optimization.
Visit tis.biz to reimagine your approach to payments.
9th Annual Credit Risk Modelling and Management in a Post-Pandemic Environment
05-01-2021| treasuryXL | marcus evans |
Management of credit risk and models are a top priority for banks.
Amsterdam, Netherlands | Option to attend virtually
21-23 February, 2022 | 08:30 CET
Methodologies to review and refine credit risk models incorporating Basel IV, IRFS9, IRB, climate risk and stress testing regulation
Credit risk modelling and management is an ongoing priority for the banking industry. The true impact of COVID-19 on credit risk is not yet clear. During the pandemic governments across Europe injected a lot of cash into the banking system to support companies and individuals and even though this helped to minimize bankruptcies and defaults, the real economic impact has been masked. Moreover, credit risk models have been tested to the extreme and IFRS 9 models were no exception. If anything surfaced out of this situation for banks, is the need to uncover alternative credit modelling techniques which can help models perform better in various crises scenarios.
The marcus evans 9th Annual Credit Risk Modelling and Management in a post-pandemic environment conference, taking place in Amsterdam, Netherlands and virtually, on 21-23 February, 2022, will provide risk modellers much needed knowledge to improve existing credit risk modelling techniques to make accurate predictions and maintain profitability. Banks will be able to compare and contrast lessons learnt during the pandemic as well as pinpoint key challenges and priorities faced by credit risk modelling managers. Comprehensive solutions regarding modelling techniques, regulatory compliance, climate risk, stress testing and data management will also be offered.
Attending This Premier marcus evans Conference Will Enable You to:
Best Practices and Case Studies from:
Special discounts available to Treasury XL subscribers! For more information please contact: Ria Kiayia, Digital Media and PR Marketing Executive at [email protected] or visit: https://bit.ly/3pTHs6p
Top 5 most read articles at treasuryXL.com and LinkedIn of 2021
04-01-2022 | treasuryXL |
Welcome in 2022! We are thrilled to share the Top 5 Most Read Articles with you below.
TreasuryXL has grown considerably last year, and our data shows us that our articles have widely been visited. We would like to take you to our most viewed website and LinkedIn articles of 2021. (Treasury Topic ‘What is’ articles excluded).
Top 5 treasuryXL website articles of 2021
What are BIC/ SWIFT codes, how do you find them, and how do they work?
by Xe
Blank Sheet Treasury
by Jesper Nielsen-Terp
7 steps on how to make Cash Flow forecast a success
by Bas Kolenburg
Blockchain and the Corporate Treasurer: towards Smart Treasuries
by treasuryXL, Carlo de Meijer
The principles of multilateral netting: what, why and how
by Enigma Consulting
Top 5 treasuryXL LinkedIn posts of 2021
VU ‘Treasury Management & Corporate Finance’ Programme – Online Open Evening
by VU
8 questions for Treasury Expert Philip who won the award for 2020 Best Fintech Solution
by Philip Costa Hibberd
Webinar Series Treasury Management | “Bitcoin. Is this the New Reality in Corporate Treasury or is it a Hoax?”
by VU
Interview | 8 questions for Kim Vercoulen, treasury recruitment consultant at Treasurer Search
by Kim Vercoulen, TreasurerSearch
Treasury: the sad story about the ones that do not get it
by Pieter de Kiewit, TreasurerSearch
Thank you for being part of the treasuryXL community. Wish you all the best in 2022!
Kendra Keydeniers
Director Community & Partners
Wout van Wijlick
Marketing Coordinator