An underestimated but very real threat is impacting company finances: unreliable cash flow forecasting. Agicap’s 2024 survey of more than 500 CFOs reveals just how damaging these inaccuracies can be. Think hundreds of thousands in unnecessary fees, lost revenue, and missed investment opportunities. But why are so many finance leaders still struggling to get forecasting […]
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 of treasurers, banks and service providers can best work together. The Journeys […]
Lengthy and complex manual workflows coupled with out-of-date reporting means the annual budgeting process is often cumbersome and time-consuming. Here, Dafydd Llewellyn, EMEA General Manager, insightsoftware, explains the benefits of automation and helps to build the business case. Global organisations work hard to deliver sustainable, profitable growth. Budget planning is an integral part of building […]
5 Practical Steps for Preparing Ahead No-one knows precisely what the future holds, but a successful digital treasury team must be able to adjust quickly to the evolving ecosystem – and be able to scale at speed. In this article, four industry experts outline their visions of a digital treasury function in 2030 and explain […]
HSBC experts Thomas Halpin and Suraj Kalati take a seat with TMI Editor Eleanor Hill in the virtual TreasuryCast studio to determine why real-time treasury matters now more than ever. Amongst a wealth of real-time treasury insights, our guests explain how treasurers can leverage the data produced by instant payments and collections to improve liquidity […]
Without effective forecasting, companies are essentially flying blind into the future. We look at the role of new technology evolving to help tackle this challenge. While much of the finance function has digitised in recent years it’s fair to assume that most cash forecasting activity, even in very large corporates, is still spreadsheet-based. The spreadsheet […]
With risk, cost and process inefficiencies multiplied by complexity, spreadsheet-based currency management has surely had its day. But what added value does currency management automation software bring to the table? In this roundtable discussion, three industry experts explore the opportunities. EH: What do you consider to be the main disadvantages of managing currencies on spreadsheets […]
Running an efficient, data-driven global treasury is not just a technology play: it’s also about leveraging “community intelligence” and group-wide collaboration. Sounds too involved? It’s easier than you think, says Nikolai Diekert, Director, Product Management, Coupa. It has always been the job of the corporate treasurer to manage cash, liquidity and risk in an unpredictable […]
Calastone Connect Forum 2020 Calastone’s Connect Forum 2020 brought together a quartet of treasury professionals to discuss the role of technology in enabling more efficient cash management while managing risk. With all embroiled in the turmoil of 2020, the need for real-time usable data to help treasuries better manage cash and liquidity requirements has become […]
Joyson Safety Systems switched from an existing Excel-based forecasting tool to a much more efficient web-based solution, but the project was set against a very tight deadline. Here’s how Britta Baier, Director EMEA Corporate Finance & Treasury, and her team, made it happen. When Joyson Safety Systems (Joyson) set out to implement comprehensive and uniform […]
Pushing the boundaries of treasury technology, Cashforce is launching a brand-new cash flow forecasting platform, set to be released by end of Q1 2021. Nicolas Christiaen, the company’s CEO and Co-Founder, explains how this next generation solution will enable real-time data processing, interconnectivity with best-of-breed treasury technology providers, and lower the barriers to entry for […]
In many ways, Covid-19 has been the ultimate test for treasury teams and their technology. With the spotlight firmly on treasury management systems (TMSs), treasurers are asking whether they have the best tech for the job – in a remote-working environment where instant access to ‘decision-ready’ data is critical. Is there a better TMS out […]
Open banking is not just a retail banking phenomenon. This global trend also has the potential to significantly improve the working lives of corporate treasurers – by enabling aggregated, real-time, multi-bank reporting at the click of a button. Open banking is taking hold across the globe. It forms the foundation of an ecosystem of new […]
A frequent user of bank guarantees to support its business, the treasury function at Arup was frustrated by using Excel spreadsheets for the application, maintenance and reporting of guarantees. Automating the process through a module from Trezone was the key to greater efficiency – and to reinforcing Group Treasury’s reputation as a proactive centre of […]
From micro-hedging to leveraging data analytics, technology is radically changing the way treasurers manage foreign exchange (FX) risk. Philippe Gelis, CEO and Co-Founder, Kantox, discusses the true value of automating FX hedging, explains the role of analytics in improving hedge execution, and comments on what makes fintech-bank partnerships a success for all involved, not least […]
Several decades ago, Excel was invented to process/model inputs and generate outputs. Today, it is still by far the most used technology to generate a cash flow forecast. However, as we strive to achieve better forecasting accuracy rates, our desire for automation and the seamless processing of FX hedges, liquidity borrowings and deposits have underlined […]
In 2011, after more than nine years running treasury and risk management in one of the largest construction companies in Poland, Skanska SA, I was invited to start the company’s operations in Romania, which would be concerned with construction and office development. The idea was to establish and finance an organisation that could support a medium-sized […]
Endemol Shine Group, a leading media company that produces and distributes multi-platform entertainment content, wanted to invest in new, longer-term projects to meet growing audience demand. But as a highly leveraged organisation, the company needed to self-fund these ventures. Treasury therefore embarked on a challenging but rewarding transformation journey to improve internal workflows and make […]
