Faced with a product recall and €1bn in excess inventory in quick succession, Accell Group’s treasury team found themselves facing a steep uphill climb. Their response: a full pivot from traditional cash pooling to an integrated in-house bank, all of which was designed, constructed, and implemented in record time.
The Best and the Brightest of 2021 2021 was arguably one of the most innovative years on record in the world of corporate treasury, based on the standard of entries to the TMI Corporate Recognition Awards. Here, we present a brief overview of the winning projects – which cannot possibly do justice to the magnitude […]
Showcasing the 2021 Award Winners The nominations for TMI’s 2021 Awards for Innovation and Excellence were not only more numerous than ever, but also pushed the boundaries of corporate treasury development further than ever before. All of the bank, technology vendor and fintech winners have created solutions that respond to real needs – present and […]
TMS technology and applications have advanced greatly in recent years, making for quicker, easier, and cheaper deployment, with superior results. Michael Kolman, Chief Product Officer, ION Treasury, explains to TMI just how far the TMS has come since its arrival 40 years ago, and why today there is a solution to fit the needs of […]
FIS scoops Best Cash & Treasury Management Solution and supports a duo of corporate wins The TMI 2021 Awards season emphasises the role vendors can play in the success of their corporate clients. FIS not only takes the Technology & Innovation Award for Best Cash & Treasury Management Solution itself, but two of its clients […]
Deutsche Bank wins Global Bank of the Year for Innovation, driven by its flagship in-house banking as a service offering Throughout 2021, despite the global challenges caused by the ongoing pandemic, Deutsche Bank delivered several cash management innovations. For example, in partnership with Treasury Intelligence Solutions (TIS), the bank has developed a new payment fraud […]
The phrase ‘legacy technology’ may invoke images of ancient and unstable IT systems that must be replaced as soon as possible. But is this always the case, and how easy is it to move away from such systems? We sought views from a number of specialists. Although the notion of ‘legacy technology’ makes for a […]
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 Deutsche Bank, which included a case study from cloud-based software company Salesforce. While […]
Catherine Hill (Salesforce), Christof Hofmann and Dirk Kronshage (Deutsche Bank) join TMI’s Eleanor Hill to consider how treasury centralisation can be successfully achieved by leveraging in-house banking as a service. With reference to Salesforce’s TMI Award winning implementation, our guests uncover the drivers behind establishing an in-house banking model, and demonstrate how corporate treasurers can […]
Ray Nazloomian and Jenny Mustazza, J.P. Morgan, join TMI’s Eleanor Hill for a forward-looking discussion which examines why banks are opting to pursue fintech partnerships, rather than building in-house, to co-create innovative solutions with their clients. Our guests provide a commentary on J.P. Morgan’s wholesale payments strategy, and identify the emerging technologies that could have […]
Independent treasury consultant Bas Rebel picks his way through the ‘minefield’ of fiscal and regulatory reforms surrounding cash pooling and examines the advantages and challenges to prove the overall benefit case of this method of liquidity management is still strong. Cash pooling is in the crosshairs of regulators and tax authorities. This scrutiny increases the […]
As treasurers look to improve their departments’ resilience to help withstand future crises, in-house banks (IHBs) are back in the spotlight. TMI speaks to four industry experts to understand how IHBs can help restore profitability and reduce risks. We also examine trends such as in-house banking-as-a-Service (IHBaaS) and outline how IHB structures are evolving. Christof […]
Gaining global insight into and control over treasury operations is a pipe dream for many treasurers. But two of Kyriba’s clients – Royal FrieslandCampina and Ingersoll Rand – have leveraged the vendor’s cloud offering to transform their workflows to overcome visibility hurdles, eradicate inefficiencies and become even better strategic partners to the business. Each won […]
By Eleanor Hill, Editor Year-on-year, the standard of entries to TMI’s Corporate Recognition Awards increases, taking the corporate treasury profession to new heights. The following overview of projects undertaken by corporates over the last 12 months provides a mere flavour of the innovation happening in the industry and we congratulate all our winners wholeheartedly! Best […]
Robotic process automation has the potential to be a powerful tool for treasurers – especially those looking for new ways to garner efficiency gains. What’s more, as a relatively easy-to-deploy technology, RPA can deliver significant value in a short timeframe. But is RPA really a silver bullet for treasury? We ask four industry experts for […]
A treasury manager is key to the growth and financial success of a business. It is their responsibility to build a banking structure that enables the business to operate with a minimum of idle cash, to aggregate its liquid funds around the globe, to take the opportunity to automate treasury functions, to secure payments processes and […]
In October 2017, Honeywell International announced its intention to spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, Turbo, into two standalone, publicly-traded companies. Here, members of the Honeywell treasury team and representatives from their banking partner, BNP Paribas, share their experiences of tackling these two spin-offs […]
Never ones to accept the status quo, Vanessa Manning and Paul Cuddihy, Deutsche Bank, talk to Eleanor Hill, Editor, TMI, and explain how virtual accounts can fall short of expectations, and the need for virtual ledger management (VLM) to truly transform the way treasurers manage their liquidity. Box 1: Virtual accounts: a refresher The term […]
