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.
For many CFOs, the time is now to embrace AI for Cash Forecasting
05-07-2021 | treasuryXL | Gtreasury |
The chief financial officer (CFO) has never been under as much pressure to deliver more accurate Cash Forecasts – the anticipated revenue, spending, and Liquidity data that acts as the rudder for all corporate decision-making. More precise foresight is essential not only to driving profitability under normal business conditions, but has now become even more crucial as companies try to navigate the continuing wake created by COVID-19.
Read the full Article
About GTreasury
For more than 30 years, GTreasury has delivered the leading digital Treasury and Risk Management System (TRMS) to corporate treasurers across industries. With its continually innovating Software-as-a-Service platform, GTreasury provides customers with a single source of truth for all their cash, payments, and risk activities. The TRMS solution offers any combination of Cash Management, Payments, Financial Instruments, Risk Management, Accounting, Banking, and Hedge Accounting – seamlessly integrated, on-demand worldwide and fully secured. Headquartered in Chicago with offices serving EMEA (London) and APAC (Sydney and Manila), GTreasury’s global community includes more than 800 customers and 30+ industries reaching 160+ countries worldwide.
Simplifying Your Organization’s International Payments Requirements
01-07-2020 | XE |
There is no crystal ball that can accurately tell you the future of where a currency will trade in the short, medium or long-term. But a good international payments provider will be able to work with you to remove the complexity of foreign currency exposures and manage the risk they pose to your organization.
When looking to partner with an international payments provider, your first priority should be to evaluate the payments your business has made previously in order to get a better idea of the FX products and services that will best fit your business’ needs. And, when selecting a provider, make sure they understand your industry and the jurisdictions you are making payments to.
1. Frequency
How often are you making (or will you make) international payments? Making overseas payments costs more per transaction. The more payments you make, the more critical it is to get the cost per transaction right.
2. Amounts
The amounts you transfer affects the overall cost. Smaller amounts will have a higher margin added, therefore it’s worth determining whether you can bundle your payments to sharpen the margin you attract.
3. Timing
With exchange rates constantly fluctuating, the timing of your payments will have an impact on your overall profitability. If you do business in areas where currency valuations are highly volatile, a payments provider that can effectively advise you about the risks and opportunities of short or long-term foreign exchange contracts is ideal.
4. Industry
Each industry is different when it comes to the three factors above. Therefore, selecting a provider that understands your industry can make a big difference, as they’ll often be able to suggest the best foreign exchange service offering for your type of business.
Your business is as unique as you are. Don’t settle for generic money transfer services which treat your business as a number on a spreadsheet.
5. Geography
Finally, when selecting an international payments provider, make sure they understand any regional nuances particular to the jurisdictions you are sending your money to – this will ensure your payments go through smoothly, and in a timely manner.
Taking the time to understand these five factors is the first step in taking control of your business’s FX requirements and will put you in good stead when selecting the right provider for your business.
Tips & Tricks for optimizing Forecasting & Working capital
| 30-06-2021 | Cashforce |
The economy is poised for a rebound due to pent-up household demand coupled with historically low inventories. Businesses need to start preparing for the surge in orders and ensure they can sufficiently manage working capital and continue to finance their operations in the most efficient way.
Automating key elements of the Order-to-Cash process will allow businesses to absorb this revenue growth with their existing resources, while generating greater sums of liquidity — ensuring they can stay on top of their cash conversion cycles without the need for expensive and risky borrowing.
Watch Rob Harvey from Sidetrade alongside Nicolas Christiaen, CEO & Co-founder of Cashforce.
A few key points discussed in this session:
Are you ready for the economy to bounce back?
Watch this session on-demand Here