Results for ‘Treasury’
ESG-related derivatives: innovation or fad?
Next to sustainable funding instruments, including both green and social, we also see that these KPI’s can be used for other financial instruments, such as ESG (Environmental, Social, Governance) derivatives. These derivatives are a useful tool to further drive the corporate sustainability strategy or support meeting environmental targets. Since the…
Read moreProject case ASICS: reimplementing the company code
It’s why the company is called ASICS which stands for ‘Anima Sana In Corpore Sano’, or a ‘sound mind in a sound body’. In 2020, ASICS had a turnover of 328,784 million yen. With subsidiaries all over the world, ASICS wanted to standardize and make its treasury operations more efficient.…
Read moreZanders and MML agree on strategic investment to drive future growth
Utrecht, The Netherlands – October 08, 2021 From its foundation in the Netherlands in 1994, Zanders has grown strongly to become the leading independent treasury and risk consulting firm globally with over 200 employees across seven offices in Europe, the US and Asia. Zanders combines thought leadership with a high-quality…
Read moreEmbracing the IBOR change
LyondellBasell, headquartered in the Netherlands, is one of the largest plastics, chemicals and refining companies in the world. With its global presence and significant operations in the United States, the company has been affected by the IBOR reform. The Treasury team was well aware of this impact and proactively approached…
Read moreEmbracing the IBOR change with LyondellBasell
LyondellBasell, with its global presence and significant operations in the United States, the company has been affected by the IBOR reform. The Treasury team was well aware of this impact and proactively approached the transition away from the IBOR rates in order to be ready ahead of time. While it…
Read moreZanders Testing Framework
Testing is a critical activity in any implementation, and it has a significant impact in any overall project success. However, testing often takes longer than planned, due to poor execution or unexpected issues that arise in a later project stage. Such problems usually occur when not all the variables necessary…
Read moreSAP Advanced Payment Management
Intraday Bank Statements offers a cash manager additional insight in estimated closing balances of external bank accounts and therefore provides the information to manage the cash more tightly on the company’s bank accounts. Whilst over the previous years, many corporates have endeavoured to move towards a single ERP system. There…
Read moreOptimizing Trade Execution through SAP Trade Platform Integration
In any SAP Treasury implementation, conversation will eventually turn to the integration of external systems and providers for efficient straight-through processing of data and the additional controls it provides. SAP has introduced the TPI functionality to manage one of the more challenging of these interfaces which is the integration between…
Read moreSourcing Market Data
It is no longer just about the source of market data, questions such as integration, validation, storage, consistency and distribution within an organization need to be considered. In this article we will look at some of the considerations when deciding on how to source market data and how in-built applications…
Read moreHow Royal FloraHolland grew a global cash management bank relationship from scratch
In a changing global floriculture market, Royal FloraHolland created a new digital platform where buyers and growers can connect internationally. As part of its strategy to offer better international payment solutions, the cooperative of flower growers decided to look for an international cash management bank. Royal FloraHolland is a cooperative…
Read moreA new way to manage your house bank G/L accounts in SAP S/4HANA release 2009
With the introduction of the new cash management in S/4HANA in 2016, SAP has announced the bank account management functionality, which treats house bank accounts as master data. With this change of design, SAP has aligned the approach with other treasury management systems on the market moving the bank account…
Read moreIntercompany netting at Inmarsat
Inmarsat had one FTE spending 3-4 hours every month, including during the month-end close, manually allocating an excessive number of payments against open invoices on the customer ledger. This was time that should have been spent on value-add activities that could have resulted in closing the books earlier. How did…
Read moreZanders Project Management Framework
At the birth of any project, it is crucial to determine the most suitable project management framework by which the treasury objectives can be achieved. Whether the focus is on TMS implementation, treasury transformation or risk management, the grand challenge remains – to ensure the highest quality of the delivered…
Read moreAverage Rate FX Forwards and their processing in SAP
The observation period for the average rate calculation is usually long and can be defined flexibly with daily, weekly or monthly periodicity. Though this type of contract is always settled as non-delivery forward in cash, it is a suitable hedging instrument in certain business scenarios, especially when the underlying FX…
Read moreManaging Virtual Accounts using SAP In-House Cash
SAP IHC is a module that facilitates a full suite of payment factory processes. It can be seen as an intercompany position subledger with a set of fancy features like POBO payment routing, bank statement allocation, arms-length intercompany interest calculations, out of the box payment and bank statement interfaces with…
Read moreHow to set cash pool and in-house bank interest rates
The pricing of intercompany treasury transactions is subject to transfer pricing regulation. In essence, treasury and tax professionals need to ensure that the pricing of these transactions is in line with market conditions, also known as the arm’s length principle, thereby avoiding unwarranted profit shifting. We have has been assisting…
Read moreHow to set up Intraday Bank Statement reporting in SAP
Intraday Bank Statements offers a cash manager additional insight in estimated closing balances of external bank accounts and therefore provides the information to manage the cash more tightly on the company’s bank accounts. Compared to intraday bank statement reporting, end-of-day (EOD) bank statement reporting is only available the next calendar…
Read moreSAP Summer College Summary
This college consisted of a three-part webinar series, in which Zanders explained best practices on important topics in the world of corporate treasury and SAP elaborated on its latest offerings to support the processes with a focus on accelerated and cloud-based deployments. If you were not able to attend, please…
Read moreHow to set up Intraday Bank Statement reporting in SAP
Intraday Bank Statements offers a cash manager additional insight in estimated closing balances of external bank accounts and therefore provides the information to manage the cash more tightly on the company’s bank accounts. Compared to intraday bank statement reporting, end-of-day (EOD) bank statement reporting is only available the next calendar…
Read moreAn SAP cockpit for seamless transfer pricing compliance
Therefore, we decided to leverage our cloud-based solution and enable SAP users to determine the arm’s length interest rate with just a few clicks. The pricing of various treasury transactions, as for all intercompany flows, is subject to transfer pricing regulation. In essence, treasury and tax professionals need to ensure…
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