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Webinar: Interested in how to minimize costs for FX payments?
| 20-6-2019 | TIS |
Does your firm have a global payment landscape? Are all FX payments globally and their associated costs visible to you?
If the answers are Yes and No, you don’t want to miss this 30-minute webinar chaired by Ebury, one of Europe’s fastest growing FinTechs and TIS, a global leader in corporate payment solutions.
For corporate treasurers and cash managers, FX risk management is part of the daily tasks. In this joint webinar presented by Ebury, a global finance specialist in foreign exchange, and TIS, a global leader in cloud-based corporate payment SaaS solution, the experts Thomas Fakhouri, Head of Technology Partnerships at Ebury and Nikola Hristov, Product Owner at TIS, will discuss how a fully integrated and automated payment process with add-on FX service generates enormous saving opportunities for corporates.
Register today
Wed, Jun 26, 2019
3:00 PM – 3:30 PM CEST
Treasurer Test: The advantages of using the Big 5 model
| 20-06-2019 | by Kendra Keydeniers | Treasurer Test |
In the upcoming weeks we will take a deeper dive into the Big 5 model. What are the advantages? Why did we select this model for the Treasurer Test? The subjects are shown in below summary, starting the first blog with an introduction:
Treasurer Test & Big 5: Introduction
The roots of the Treasurer Test lie in the desire to improve selection. A proper recruitment decision is based upon many variables. Often these variables are not objectively measurable: very often apples and oranges are compared. Research shows that knowledge, skills and personality are sound predictors of job success, can be measured objectively and compared to peer groups. This is to inform you about the Big 5 typology that measures personality.
OCEAN
A personality can be defined as a relatively stable set of traits resulting in consistent behavior in various situations and different from behavior of others in the same situation. In the typology there are five clusters of traits defined. Very often the acronym OCEAN (or CANOE) is used to remember the names of each cluster. Below we will describe them and include an example of a trait, projected on potential tasks of a treasurer:
Self-assessment
As this is an introduction, we will not create a comprehensive overview but do want to stress the following; Big 5 does not put people in blue or red boxes but makes sound comparisons with peer groups according to statistically sound gauss curves. This is also the reason academic institutes like to use the model. The traits and scores are without value. High or low scores are only relevant if a specific behavior is desired. Big 5 works with a self-assessment, which is the best method to measure but will never result in an absolute truth.
Next
In the following articles we will elaborate on relevant Big 5 questions like “why Big 5 and not another typology?”, “what are the traits measured and why are these relevant” and “what do we see in the Big 5 results of the peer group?”. We are open for questions and input and will continue to provide further information.
On behalf of Team Treasurer Test,
Community & Partner Manager at treasuryXL
Treasurer Test: The first results analysis and observations
| 14-06-2019 | by Kendra Keydeniers |
Do people with many years of treasury experience have more relevant knowledge than those with less experience?
Are treasurers introvert people?
Are detail-oriented treasurers more knowledgeable?
Recently 100 test candidates completed the Treasurer Test, 75 of them working as corporate treasurers, 25 are working in positions related to the corporate treasury field. We asked all of them to take the test in order to build a strong and focused assessment tool. As an added result, we now have an extremely interesting dataset. It is our intention to share our analysis and observations about this dataset with you. Currently we are communicating with data and other scientist in order to present sound research.
Analysis & Observations
What do we have? We have demographic information, the results on Treasury Technical Questions and Personality Profiles (Big5 theory). Therefore, let’s elaborate on the combination peer group – knowledge a bit to give you an idea about where we are working on.
The technical questions are divided in four groups:
The testees are divided in four different experienced peer groups:
The first quick analysis shows that there is a direct correlation between experience and knowledge in Risk Management: more experience equals more knowledge. Interesting enough, this correlation completely lacks in Corporate Finance, even testees without treasury experience do not score significantly less in this category. Furthermore, there is an indication that the knowledge level in the categories Cash Management and Treasury Miscellaneous is more or less the same for all groups. There is only a significantly difference between the corporate treasury experienced people compared to the Non-Treasurers.
Based upon these observations, we will ask the scientists and industry experts to work on the following hypothesizes (and on others of course):
Given that we just started, we are very much open for your questions and suggestions. What questions do you want to get answered based upon the dataset? Thanks in advance for your input.
On behalf of Team Treasurer Test,
Community & Partner Manager at treasuryXL
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