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.
3 reasons why your Startup fails
07-09-2020 | by Rowan Hermes | Symbid
Startups are popping up like mushrooms. There are plenty of wonderful success stories from startups conquering the world. But just as soon as they start up, they also go down. It is sometimes said that 90 percent of startups fail. Fortunately, the actual percentage is lower, but the fact remains that making a startup successful is not that easy. We list the three most common pitfalls.
Blog is in Dutch language:
Zelden is er één specifieke reden waarom een startup faalt. Meestal is er een samenloop van omstandigheden die ertoe leiden dat de startup ten onder gaat. CB Insights, een Amerikaans data-platform, registreert welke startups ten onder gaan. De drie belangrijkste redenen zijn volgens hen: geen markt voor het product of de dienst, een gebrek aan geld en het verkeerde team.
Geen markt
Je begint geen onderneming als je niet in je eigen product of dienst geloofd. Je denkt een gat in de markt te hebben gevonden! Vaak valt dat toch wat tegen. Als klanten geen behoefte hebben aan je product of dienst, wordt je onderneming geen succes. Een van de eerste dingen die je dus moet doen is de behoefte in de markt testen. Weten klanten dat het probleem bestaat, zijn ze bereid te betalen voor een oplossing én willen ze jou daarvoor betalen? Met de resultaten kun je niet alleen je product of dienst aanpassen en verbeteren, je kunt ook aan potentiële investeerders laten zien dat er geïnteresseerde klanten zijn.
Geen geld
Het lijkt heel logisch om met voldoende geld je startup te starten. Toch verslikken veel startups zich in de werkelijke kosten van hun bedrijf. Als startup moet je heel slim met (weinig) geld omgaan. Je bent sneller door je geld heen dan je denkt. Belangrijk is dat investeerders geld in groei willen investeren, niet voor het aanvullen van je budget. Zo maar extra funding ophalen is dus makkelijker gezegd dan gedaan.
Geen diversiteit
Een divers team met veel verschillende vaardigheden heeft de beste basis om een startup te starten. Het totaalpakket aan vaardigheden is cruciaal voor het succes van de startup. Een groep die op elkaar lijkt klinkt misschien heel fijn, maar ontbrekende vaardigheden kunnen zorgen dat je startup faalt. Zorg dat je weet wat je talenten en tekortkomingen zijn en bedenkt voor die laatste een goede oplossing.
Source
Start your journey on September 22: International Treasury Management and Corporate Finance course
03-09-2020 | by Kendra Keydeniers | Francois De Witte | ATEL
Start your Treasury Management and Corporate Finance journey on September 22! This is your last reminder before the registration will be closed.
Invest in yourself, invest in knowledge
The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered.
This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME.
The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasure” profession.
Registration
This course will start 22 September 2020. It includes 13 training modules and 5 intermediary exams. It is necessary to complete this form before your official registration. Registration will be closed early September 2020.
Objectives
At the end of this programme, the participant will able to:
The various modules will allow to acquire an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.
Programme
Module 0: Introduction to Treasury Management
Speaker: Benjamin Defays / Treasury Manager
Module 1: Financial Maths (Focus on treasury & corporate finance)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School
Module 2: Advanced Excel workshop for treasurers (Dedicated to treasury)
Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School
Module 3: Corporate Finance
Speaker: Mikael Pereira / Associate, Finance
Module 4: Cash Management (domestic and international)
Speaker François De Witte / Consultant
Module 5: Trade Finance
Speaker: Benjamin Defays / Treasury Manager
Module 6: Credit Control
Speaker: Anca Vasiliu / Counterparty Risk Manager
Module 7: Pension / Insurance
Module 8: Compliance
Module 9: Risk Management
Speaker: Patrick Verspecht / Group Treasurer
Module 10: Regulations / Accounting
Speaker: Quentin Bodart / Senior Finance Engineer
Module 11: Treasury Accounting
Speaker: Quentin Bodart / Senior Finance Engineer
Module 12: Technologies
Speaker: Patrick Verspecht / Group Treasurer
Module 13: Cyber Fraud
Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).
There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).
Target Audience
Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.
Prerequisites
Course Material
The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).
Certificate
At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL.
In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required.
The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.
Register here
How to Find the Right FX Provider
03-09-2020 | treasuryXL | XE |
In this final installment of our blog series on foreign exchange risk management for your business, we address one of the most important steps in developing an effective risk management strategy—> finding your FX provider.
As we close out our blog series on improving your business’s foreign exchange risk management and avoiding costly mistakes, it’s come time for us to answer one last lingering question, the question that’s had a recurring presence throughout our blog series.
How do I find the FX provider that’s right for my business?
It’s a question that’s come up throughout our series of blogs. From avoiding inflexible solutions to taking care of tricky regulatory compliance, nearly every piece of risk management advice has come down to finding the holy grail FX provider, the one that understands your business and its operations and has the expertise and solutions to address your unique risks.
Now, we’re finally going to talk about how to find this perfect provider.
The importance of shopping around in foreign exchange
The biggest mistake you can make in your search for the perfect provider? Not searching at all.
It can be tempting to just stick with your friendly local bank, or go with the first provider you speak with just for the comfort of having a dedicated provider. But you don’t want to do that. Keeping a narrow focus (and not shopping around) can lead to you missing out on:
Better exchange rates
Better or more varied service opportunities from working with a specialist provider
A more targeted, strategic approach to your foreign exchange.
Now that we’ve established that you should be exploring your options, it’s time to start shopping. But where do you start? What kinds of things should you be keeping an eye out for in your search?
What should you look for in your FX provider?
Ultimately, the right FX provider for you will be the one who can help you to streamline your business operations to make international payments while minimizing regulatory delay, human error, and risk exposure. In order to do that, they’ll need to understand your business, understand what you do, and be able to work with you to directly address your risks and other issues without compromising your business in the process.
When meeting with providers, we encourage you to keep an eye out for (and ask about) the following things.
Competitive, but realistic solutions. Don’t fall for the hype. If an exchange rate sounds too good to be true, it almost certainly is. Additionally, some providers may encourage you to speculate in the currency markets or tell you that they can help you to second guess rate movements. In reality, it’s impossible to know how the markets will move, and you should be wary of anyone claiming that you will always be on the right side of market motion.
A provider that understands your needs. You shouldn’t be the only one asking the questions. Your provider should be doing everything they can to understand your business, what you do, and how you do it. A provider that doesn’t take the time to learn about your business will not be able to offer the quality of service that you’re looking for.
Bespoke solutions to fit your needs. Continuing from that last point, a provider that only offers a generic service will only be able to provide generic protection. As we mentioned in our article last week you should look for a provider with solutions that meet all your foreign exchange needs, including helping you to manage future risk more effectively. Don’t settle for anything less.
Get in touch with XE.com
About XE.com
XE can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. XE Business Solutions provides a comprehensive range of currency services and products to help businesses access competitive rates with greater control.
Deciding when to make an international payment and at what rate can be critical. XE Business Solutions work with businesses to protect bottom-line from exchange rate fluctuations, while the currency experts and risk management specialists act as eyes and ears in the market to protect your profits from the world’s volatile currency markets.
Your company money is safe with XE, their NASDAQ listed parent company, Euronet Worldwide Inc., has a multi billion-dollar market capitalization, and an investment grade credit rating. With offices in the UK, Canada, Europe, APAC and North America they have a truly global coverage.
Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.
Visit XE.com
Visit XE partner page