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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Positive UK data pushes the pound higher
| 23-1-2020 | treasuryXL | XE |
Although based on XE’s previous article, the Sterling has been pressured since the beginning of the year resulting in the GBPUSD drop from the highs of 1.35 post-election to the levels of 1.2975, it seems the GBPUSD is recovering following the release of stronger-than-expected UK jobs reports.
Sterling gained yesterday following the release of stronger-than-expected UK jobs report, GBPUSD moved from 1.2980 up to 1.3050. According to the Office for National Statistics (ONS), the UK Average Weekly Earnings (Including Bonus) recorded a growth of 3.2% during the three months to November as compared to consensus estimates pointing to a modest downtick to 3.1%. The gauge excluding bonuses came in at 3.4% as against 3.5% previous but was in line with market expectations.
Other details showed that the number of people claiming unemployment-related benefits fell to 14.9K in December. The strong data slightly dented expectations of an interest rate cut by the Bank of England at its upcoming meeting on January 30 and provided a modest lift to the British pound. However, the markets are still pricing in about a 60% chance of a 25 bps rate cut. Moving forward the markets will continue to look towards the Bank of England rate decision at the end of the month for guidance on Sterling. Should we see rates on hold we could see Sterling strengthen considerably in the aftermath.
EURUSD has remained fairly flat and continues to trade just below the 1.11 level. It is a data light day from Europe and the US markets await employment data tomorrow for any significant moves.
GBPUSD – 1.3046
GBPEUR – 1.1776
EURUSD – 1.1077
The figures are based on the live mid-market rate, correct as of 08:30 GMT on 22/01/2020, and are provided for indicative purposes only. Live mid-market rates are not available to consumers and are for informational purposes only. The rates we quote for money transfer can be selected via the page on our website ‘Live Money Transfer rates’.
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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 multibillion-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.
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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.
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Looking for a Corporate Treasury Specialist
22-01-2020 | Treasurer Search | treasuryXL
Ideal Corporate Treasury Specialist
Our Client
Remuneration and Process
Depending on the track record of the candidate, the base salary will be between €45K and €60K and a bonus plan can be part of the remuneration package. Our client can offer long term career perspectives. The Treasurer Test might be part of the recruitment process.
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Seminar SAP S/4HANA – What treasurers need to know
| 21-01-2020 | by treasuryXL |
Are you dealing with the replacement of existing SAP-systems with SAP S/4Hana and its impact on treasury departments? Discover the opportunities offered by this transition and what you need to be aware of by attending the SAP S/4Hana seminar on June 25, 2020 in Amsterdam organised by Schwabe, Ley & Greiner (SLG).
The transition to SAP S/4HANA
Many companies are currently transitioning to SAP S/4HANA. Hardly any other issue is presently as hot in IT departments of SAP clients. Treasury departments are also affected by the switch of their companies’ ERP systems.
It is therefore helpful, as a treasury department, to address this issue regardless of the extent to which you have relied on SAP in the area of treasury in the past. Why? Because these changes are going to impact everyone. Irrespective of whether you use a stand-alone TMS (in this case, at least because the interfaces and data sources will change) or your processes are reflected using SAP treasury modules (in this case the impact will of course be greater since your own systems will be affected by the switch).
Many corporates are taking the opportunity offered by the switch to the new SAP version to integrate their systems to a greater extent. As such, the fundamental question of what system to use also arises. This could be an opportunity to efficiently design your treasury processes using a new or optimised system-based solution.
What key issues are covered in the seminar?
Target Audience
Managers and personnel in the areas of treasury, cash and liquidity management, risk management, controlling, finance and accounting, payables and receivables management, IT and SAP applications.
Objectives
1. SAP S/4HANA – an overview of what’s new compared to the old version.
2. How your future system landscape needs to be configured.
3. Understand the IT approaches relevant to the S/4HANA launch
4. What to do during the transition while selecting a new system – possible strategies
5. A quick insight into the system: SAP S/4HANA
6. A quick insight into the system: SAP Analytics Cloud (SAC)
Participation
The participation fee for the seminar is EUR 1,500.00 (ex VAT). This includes documentation, lunch and beverages.
Register with 20% discount via treasuryXL
We are delighted to give you the opportunity to register for the seminar with a 20% discount. Please be aware that discounted places are limited. The seminar allows a maximum of 15 attendees. We recommend to sign up early to secure your spot. You can use code treasuryXL20 at check out to receive your discount.
You can register here.
Date, Time & Location
Postponed until further notice (date unknown due to COVID-19)
10:00 – 18:00
Hotel NH Amsterdam Schiphol Airport
Kruisweg 495, 2132 NA Amsterdam
Lecturer
Manager at Schwabe, Ley & Greiner
About Schwabe, Ley & Greiner
Schwabe, Ley & Greiner (SLG) has been in existence for more than 31 years and is the leading consultancy firm in the area of finance and treasury management. During these years, they have carried out more than 5,000 projects mainly in Germany, Austria and Switzerland for over 2,000 large and medium-sized clients in all sectors and on behalf of these clients for their subsidiaries in almost all Western European countries and overseas.
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