Ben Poole
Editorial Team, Treasury Management International (TMI)
Editorial Team, Treasury Management International (TMI)
Treasurers and finance transformation teams must be ready for a significant transition in how they make and receive payments.
The treasury team at C. H. Robinson set out to reinvent its cash and liquidity management structure within Europe. To do so, they enlisted BNP Paribas for a strategy focused on automation and process efficiencies across key European treasury activities.
Following a deluge of shocks to global supply chains, treasurers are searching for ways to build greater resiliency into their supplier relationships.
For treasurers using cloud-based systems, it seems that the possibilities are endless.
Discover how banking software giant Temenos were able to automate centralised treasury processes to slash manual processes and reliance on spreadsheets.
To take full advantage of recent technology developments, treasurers should create a robust project plan for choosing and implementing a system.
This year has thrown severe challenges and a few opportunities at corporate treasurers and their short-term investment portfolios. Regulatory and market changes are two vital areas to pay attention to in 2023.
Instant Cross-border Treasury Transactions While domestic faster payments schemes have seen excellent traction over the past decade, obtaining the same visibility and control of cash flows in the cross-border world...
Livia Benisty (Banking Circle) explores the current offering and limitations of cross-border payments, and what steps PSPs and banks can take to deliver them as an added value service.
Roche’s group treasury worked with BNP Paribas and the local regulator to successfully implement a first-of-its-kind cash pooling solution in the country.
‘Real-time treasury’ is an increasingly hyped phrase among banks and technology vendors, but how close to reality is this concept today?
The treasury team at Riot Games opted to level up their technology by implementing a TMS and an independent investment portal.
The volatile global economic environment in the wake of Covid has particularly impacted the world of trade finance and supply chain management. Physical shipping delays and surging commodity prices have compounded...
C2FO’s 2022 Working Capital Survey takes stock of the impact that high inflation and rising interest rates are having on business financing for companies worldwide.
Vincenzo Masile (AbbVie) explains how being an expat has helped him adapt to different business cultures and values and why communication skills are vital to the modern treasurer.
A successful pilot managed by Surecomp has shown that ESG scoring can now be applied at the individual trade finance transaction level, opening up a world of possibilities for corporate treasurers to support...
As we shift towards a real-time treasury, APIs have become an essential technology.
Integrating Sustainability into Everyday Treasury As sustainability, diversity, equity, and inclusion matters continue to grow in importance for a range of corporate stakeholders, treasurers are in a prime position...
Hampered by manual bank account processes, rapidly expanding renewable energy firm Scatec knew a digital onboarding solution would ease its pain points. Here, Lilyana Vinokurova, Treasury Manager, Scatec, and BNP...
15 Critical Regulatory Changes for European Treasurers Much like the sound of thunder follows a fork of lightning, financial regulation tends to follow a crisis. With European treasurers still adjusting to the...
Frustrated by heavy reliance on manual work across a range of treasury and payments processes, the treasury team at Vectrus partnered with BNP Paribas and Kyriba to harness the power of automation to drive...
Treasurers must lead the charge to bring down organisational silos that stifle optimised liquidity management. To do this successfully, they have to recruit critical stakeholders from other departments to the cause...
The shelves of the treasury technology supermarket have never been better stocked, with vendors offering everything from a TMS for the entire function through to tailored tools to support specific, and sometimes niche,...
Interactions between treasury and procurement spiked during the Covid-19 pandemic, as both departments dealt with the emergency that global lockdowns triggered for corporate supply chains. As we move into the next...
One silver lining from the Covid-19 pandemic is that it has supercharged trends around treasury technology – both in the adoption of new technology by corporates and the development of cutting-edge technologies that...
Corporate treasurers are keener than ever to find new ways to integrate ESG metrics across a wide range of cash management, financing and supply chain processes.
According to this year’s responses to the EACT’s annual pan-European survey, the pandemic has not changed the top priorities of corporate treasurers. Instead, it has crystallised the need for increased...
The cash investment landscape is being disrupted by higher sustained inflation, rising interest rates, and new regulatory proposals for MMFs.
MMF Reform Proposals Threaten LVNAV Viability for European Treasurers While treasurers might not feel the impact of MMF reforms in Europe for years, the proposed changes currently being debated at European...
Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.
By ditching a web of hundreds of spreadsheets and emails in favour of a TMS, Zurich Insurance has been able to facilitate accurate and insightful cash forecasts as well as enhance payments.
Corporate treasurers are starting to feel the heat in their cash management policies as heightened inflation levels persist.
A new Two-Pillar Solution from the OECD aims to address the tax challenges arising from the digitalisation of the economy. Aaron Lee and Joseph Lee from DBS Bank recently joined TMI’s Eleanor Hill in the TreasuryCast...
Kim Estes, Vice President, Accounting, The Knot Worldwide, explains to TMI how her organisation found the perfect marriage of technological transformation and streamlined processes.
Daniel Farrell (Northern Trust Asset Management) and James Douglas (Rabobank) consider how market trends may evolve in the year ahead and what this could signal for treasurers.
With non-cash payments on the rise, a jump in e-commerce business models, and real-time payment clearance systems increasingly prevalent, innovation is thriving in the retail payments space. A recent TMI webinar explored account-to-account payments to analyse how they can...
Treasury best practices have been both forged and accelerated during the pandemic. A recent TMI webinar explored the key themes of the latest Journeys to Treasury report, reflecting on the changing nature of treasury, the digitisation of the function, and how the ecosystem...
The world’s first trade finance-based non-fungible token transaction in 2021 highlights the need for treasurers to understand the technology behind tokenisation and the practical implications that it could have for corporate finance. Non-fungible tokens (NFTs) have gained...
With green financing levels at record highs, corporate treasurers now have access to a source of funding that can play a vital role in supporting their organisations’ sustainable goals. Here, we explain how to perfectly marry sustainable finance with environmental,...
The mass move to working from home due to the Covid-19 pandemic has highlighted an existing disparity between rural and urban areas regarding digital connectivity. For the companies that provide digital infrastructures, green bonds offer a way to finance the upgrade to...
From simple errors to duplicates, fraud, and sanctions violations, there are several areas where payments can go wrong – particularly in the real-time environment. A recent TMI webinar in partnership with Kyriba examined common pain points and outlined ways to...
While treasurers have repeatedly shown interest in using ESG-related short-term investment instruments, actual investment levels have yet to match these aspirations.
HSBC’s Sustainable Financing and Investing Survey 2021 captures how the capital markets are increasingly embracing environmental, social, and governance issues. Here, TMI presents some of the key highlights for treasurers to be aware of. Companies and institutional...
Developments such as instant payments, digital currencies, and enriched data services are poised to shake up treasury management. In a recent podcast, TMI spoke to three experts to understand how, by working together, corporates and financial institutions are set to...
The future will only be prosperous if businesses embed sustainability at their core. Treasury can play a vital role in this approach, tapping into sustainable financing to help firms embrace different operating models and emerging technologies that benefit both the...
By focusing on the diversity and inclusion elements of external relationships within the supply chain, corporates can create additional value and efficiencies. Here, treasurers are being urged to ‘roll up their sleeves’ and get involved in this potentially...
Transitioning to a more sustainable future requires financing solutions that support both the climate and society-linked goals. For investors, tools that enable them to assess companies on their sustainability credentials are crucial to their decision-making....
Money market funds are once again in the cross hairs of regulators in the US and Europe following a brief liquidity crunch in March 2020. Sebastian Ramos, Executive Vice President, Global Trading and Products, ICD, discusses the risks that over-zealous reforms could...
Czech e-commerce firm Alza’s award-nominated invoice financing programme demonstrates that supply chain finance is not purely the preserve of billion-dollar multinationals. By offering financing to all its suppliers, the company is primed to support both its own...
The Covid-19 pandemic has brought environmental concerns into sharp focus. Today’s business leaders must factor sustainability into their recovery strategies, and treasurers have an essential role to play in reshaping the future of the global economy. Despite the...
By setting five key performance indicator goals for a recent sustainability-linked revolving credit facility – and requiring success in all of them to gain the maximum margin benefit – Smurfit Kappa’s treasury team has demonstrated how a cross-functional project...
Cash Investment Management With a subscription revenue model helping to enhance its cash flow forecasting, Spotify is able to manage a diversified investment portfolio through its treasury team and external asset management. Niklas Muhrbeck, Head of Financial Market...
The telecommunications sector has played an instrumental role in supporting organisations with the transformational shift to remote working. It has also helped ensure continued access to digital financial services to people via traditional banking and alternative...
Time is running out for treasurers to complete their interbank offered rate transition projects with the deadline of December 31 2021 rapidly approaching. A recent TMI webinar with Salmon Software brought together three experts to discuss the complexities ahead,...
Daniel Farrell (Northern Trust Asset Management) discusses how cash segmentation offers an alternative option for treasurers seeking to efficiently manage their cash and enhance those much sought after returns.
By directly linking clearly defined environmental, social and governance (ESG) targets to the credit margin of its recent refinancing, innovative Dutch potato starch and protein manufacturer Royal Avebe not only embedded sustainability at the very heart of its finance...
With the Covid-19 pandemic augmenting the focus on cash visibility, in-house banks are back in the spotlight. Thanks to cloud technology, support to establish in-house banking is more accessible than ever. This topic was recently the subject of a TMI webinar with...
The end date for LIBOR is just months away. For those treasurers who haven’t acted already, now is the time to identify LIBOR exposures, have a contingency plan for accidental oversights, and understand the different challenges presented by the new market risk-free...
Corporates have started putting Bitcoin on the balance sheet. Central banks are pursuing their own digital currencies. The rise of cryptocurrencies is happening at a startling pace and will have a variety of impacts. Now is the time for treasurers to educate themselves...
The newly established Hellenic Association of Treasurers (HAT) aims to support a vibrant community of Greek treasurers, both at home and abroad. Here, Alexandros Bellos, board member and Co-Founder of HAT, who is also Senior Treasury Manager at PVH Corporation, is...
The Kyriba Global Summit explored how financial technologies can support active treasury management, smarter payments, as well as fraud and risk concerns and active working capital management for corporates. Here are the key takeaways for treasurers. Kyriba Global...
Complying with the know your customer (KYC) aspect of bank account opening and management has long been a burden for corporate treasurers. For Pepper Group, early access to SWIFT’s KYC Registry has helped bring a number of efficiencies to this process. Headquartered...
Capitalising on a proven commitment to environmental, social and corporate governance, rubber industry giant Corrie MacColl recently obtained a unique sustainability-linked loan. Ryan Wiener, the company’s Global Head of Strategic Marketing, explains how the criteria...
Global digital transformation has kickstarted the Fourth Industrial Revolution, also known as Industry 4.0. For corporate treasurers, this represents a complete shift in approach to treasury processes, technology and, most importantly, talent. Alan DuffyCEO, HSBC...
Navigating Negative Rates by Ben Poole, Ben Poole Editorial Services Low or negative yields are commonplace in Europe today, across a range of short-term investment instruments. A well-attended workshop on the first day of the 8th BNP Paribas Cash Management University...
Great Expectations from Bank Account Management by Ben Poole, Ben Poole Editorial Services The quest for end-to-end cash visibility is critical for today’s treasurer. However, without a full view of all bank accounts being used by the organisation, this is always...
Payments and Collections Factories by Ben Poole, Ben Poole Editorial Services A popular workshop on the opening day of BNP Paribas’ 7th Cash Management University looked at best practices in setting up a payments factory, and also explored the possibilities that...
Investment Options in a Low Interest Rate Environment by Ben Poole, Ben Poole Editorial Services One of the well-attended workshops on the second day of the 7th BNP Paribas Cash Management University focused on investment strategies for treasurers in the ongoing low...
Risk and Reward: Making Your Cash Work Harder by Ben Poole, Editorial Consultant, Ben Poole Editorial Services During the Cash Management University programme organised by BNP Paribas smaller workshop sessions allowed delegates the chance to interact with their treasury...
A workshop during the Cash Management University organised by BNP Paribas examined how to optimise bank account management. This included two case studies from treasurers whose departments are at different stages of projects designed to bring efficiencies to their bank...
Jukka Sallinen, CEO of Finnish fintech Nomentia, speaks to TMI about the benefits to the corporate functions of treasury, finance and IT working together to navigate their way through the hype surrounding emerging technologies. Ben Poole (BP): Treasurers strive to...
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