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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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How Bank Independency improves your Treasury Performance
| 18-11-2016 | PowertoPay |
As we emerge from the global credit crisis and banks are starting to (geographically) withdraw from some parts of the market, managing cash flow more effectively is a top priority for treasurers. Monitoring, analysing and reporting on underlying business cash flow and risk has become extremely important. Despite the changing role of the treasurer which resulted in new requirements, treasury must still determine the optimal organizational structure that meets both strategic goals and supports overall efficiency. These efficiency goals have created the need for centralized bank-agnostic solutions that aggregate all financial information onto one platform.
The evolved need for bank-independency
As competition increases in the payments market, banks need to create competitive differentiation, either in-house or in a shared model. Banks need to reshape their focus and keep a consistent client focus. A recent example of a bank that needed to reshape was the withdrawal of RBS from a large number of countries. RBS has made the choice of being a consumer bank for the UK and decided to end servicing the earlier acquired Global Transaction Banking customers.
The withdrawal of RBS from large parts of the market created the need for large corporates to investigate bank-independency and bank-agnostic solutions more thoroughly. A logical consequence, because how can you be certain that your bank will remain active in a specific country for over five years? Frank Nolden, CEO of PowertoPay states: “If the financial crisis has taught us anything, it’s that no matter how big, banks can go bankrupt. Therefore, corporates want to decrease their risk on financial counterparts, because these counterparts might no longer exist in a few years”.
Reducing risk
In order to: 1) reduce the risk on financial counterparts 2) overcome the bottlenecks 3) reduce potential credit inefficiencies found within the use of single banks, corporate treasurers increasingly focus on bank-agnostic solutions. Connecting to multiple banks via a centralized bank-agnostic solution means lowering the risks of having to change and select new banks in the future, which allows corporates to have greater financial performances.
Succeeding with simple connectivity
Large corporates more often choose for developing channels and services that support a multi-banking, bank-agnostic approach. According to the CEO of PowertoPay, Frank Nolden, “the maintenance of all the different multiple technology systems have driven corporates to opt for simple hub connectivity through centralized solutions”. Many corporates have to connect to a myriad of bank portals with numerous security tokens to handle their treasury operations, which considerably increases risk. Bank-agnostic solutions automate, centralize and standardize globally these payment and cash management processes, allowing treasurers to make better, more informed and faster decisions based on real-time holistic insights, improving their performance.
Conclusion
Corporates are always seeking to increase the levels of operational efficiency. Maintaining all types of different multiple technology systems with low efficiency levels have driven treasurers to opt for bank-agnostic, centralized solutions. These solutions reduce the risk on financial counterparts, creating more streamlined and effective treasury operations.
New Community Manager
| 17-11-2016 | treasuryXL |
I can proudly say that while being your community manager I’ve learned a lot about the treasury world and certainly made some new friends! I’m really proud of what we have reached so far but I also think it’s time start a new fase with a new community manager. I’m taking on a new challenge in another start-up and would like to thank you all for the support and the pleasant cooperation we have had so far. So, I’ll step aside…
…and present to you our new community manager: Annette Gillhart!
treasuryXL has informed you about all kind of news around treasury issues. Next to daily news and actualities you were informed about interesting topics such as treasurer vacancies and upcoming events. In the start-up fase the site became known to you as a platform to all kind of news about the treasury market and community.
In the meantime many of you know how to find us and this is the moment to enter a new fase and emphasize the website’s value even more. That means that we want to increase the number of visitors and provide a platform for even more companies, institutions and experts of the treasury habitat.
This will be my task, taking the website to the next level, make it even more attractive and expand the community. So that we can provide you with even more diversity and interesting content. In the meantime a number of companies found their way to our website, and are using it very successfully as a platform to promote their own businesses. It goes without saying that we want to provide this unique possibility to even more companies and institutions. It is our aim to keep improving the site and stay as lively and attractive as possible to all of you.
I’m hoping for a pleasant and fruitful cooperation!
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Stephanie Derkse & Annette Gillhart – Community Managers treasuryXL
Uitgelicht: Pensioenfondsen moeten meer kasgeld aanhouden
| 15-11-2016 | Douwe Dijkstra, Erna Erkens |
Geld renderend wegzetten, voor pensioenfondsen lijkt het een ontzettend moeilijke opgave te zijn. René van de Kieft, voorzitter van pensioenuitvoerder MN stelt in het Financieele Dagblad dat het beter zou zijn voor pensioenfondsen om hun geld in kas te houden, anticiperend op een renteomslag. Van De Kieft : ‘Geld in kas houden levert weliswaar niets op — of kost zelfs geld — maar op obligaties kunnen de verliezen veel hoger oplopen als de rente weer gaat stijgen zoals de afgelopen dagen.’ (bron: FD.nl)
Wij vroegen onze experts Douwe Dijkstra en Erna Erkens naar hun mening over deze manier van geld wegzetten.
“Ik ben het met de schrijver eens dat het bezit of uitbreiden van de positie in obligaties steeds hachelijker wordt. We denken al jaren dat de rente de bodem heeft bereikt, hetgeen vaak onterecht is gebleken, maar een stevige opwaartse rentebeweging (het geen ik overigens niet snel verwacht) zou funest zijn voor de beleggingen in obligaties. Het meer betrekken van de deelnemers bij de uitgangspunten van het pensioenstelsel lijkt mij geen meerwaarde te hebben. Afhankelijk van de status van de deelnemer (gepensioneerd, slapend, actief, jong of oud) zal hij/zij zijn/haar standpunt innemen.”
Dat is een mogelijkheid, maar er zijn ook andere mogelijkheden. Andere mogelijkheid is opties of trackers kopen om je belang te beschermen.
Ik snap de pensioenfonds beleggers niet. Misschien moeten die beleggers is vervangen worden.
Als de rente stijgt hebben ze weer een probleem. Nu weer met hun beleggingen in obligaties. Als ze hierin belegd hebben op de huidige lage niveaus van de laatste tijd zonder deze beleggingen te beschermen zijn ze niet capabel genoeg en dat is al meer aangestipt. Hier zitten vaak niet de meest slimme beleggers. Daar moet iets aan gebeuren.
Probleem zit niet in de marktbewegingen maar in de kwaliteit van de verantwoordelijke pensioenbeleggers. Die moeten kwaliteit getoetst worden en misschien ook meer toezicht hierop.