Results for ‘Treasury’
Can you automate SAP for free?
Even though ERP systems automate most of the handling of accounting and financial activities, many of us still have the drive to seek even further for automation. Even the shortest routines that need to be carried out daily can become irritating and become source of avoidable errors. Wouldn’t it be…
Read moreVirtual Account Concepts
There are many concepts in which a virtual account can be deployed. In this second article on ‘How to setup virtual accounts in SAP’, we depict the concept that can be implemented in SAP the easiest without needing specialized modules like SAP Inhouse cash; all can be supported in the…
Read moreSAP responds to IBOR reform
The end of 2021 remains as a key deadline after which the Financial Conduct Authority (FCA) will no longer require banks to submit rates to be used for the calculation of IBOR based reference rates. While regulatory uncertainties and differences between currencies and jurisdictions persist, corporates should have arranged and…
Read moreBank connectivity – Making the right choices
Bank connectivity options Within the space of bank connectivity, there is a range of choices that corporates face when deciding the best way to integrate banks towards their ERP or treasury platforms. E-banking The most historic option, with users logging into online banking platforms to extract bank reporting and initiate…
Read moreAdam Smith Awards 2020: three award-winning clients
This year, the panel of judges again selected the very best solutions that demonstrate exceptional best practice and innovation in the corporate treasury arena and awarded three Zanders client as category winners. Kongsberg Automotive, Severn Trent and BAT have distinguished themselves with ground-breaking strong solutions to deal with their treasury…
Read moreRegional optimization in times of corona
Just as growing companies plan to expand their operations internationally, corporate treasurers seek to identify new opportunities and take on challenges. The two seem to go hand in hand, as new challenges and difficulties materialize around every corner. Certainly the most daunting challenge that the global economy has been presented…
Read moreLocal optimization
In our first article on treasury optimization in Asia, we introduced three different levels of optimization. These levels form the foundation for this series and will be highlighted and examined in greater detail. This will help you understand and identify your organization’s corporate treasury maturity level and the potential steps…
Read moreWorking towards a central financial messaging hub for Swiss Re
Traditionally the company insures events that can lead to huge losses, such as natural disasters. Two years ago, this reinsurer decided to further strengthen its payment processes. Swiss Re has engaged the support of Zanders, in several areas, since 2012. At first, this was mainly related to Group Treasury’s balance…
Read moreMuniFin builds balance sheet strength for sustainable growth
As MuniFin has been growing fast in recent years, the bank is now under the supervision of the European Central Bank (ECB). This means complying with the corresponding regulations, particularly in the field of asset and liability management (ALM). How does the organization deal with the new ALM challenges? MuniFin,…
Read moreStandardizing Financial Risk Management – ING’s Accelerating Think Forward Strategy and IRRBB Framework Transformation
According to Constant Thoolen, global head of financial risk at ING, the Accelerating Think Forward strategy, an updated version of the Think Forward strategy that they just call ATF, comprises several different elements. "Standardization is a very important one. And from standardization comes scalability and comparability. To facilitate this standardization…
Read moreReplicating investment portfolios
A replicating investment portfolio is a collection of fixed-income investments based on an investment strategy that aims to reflect the typical interest rate maturity of the savings deposits (also referred to as ‘non-maturing deposits’). The investment strategy is formulated so that the margin between the portfolio return and the savings…
Read moreDSM’s Path to Global Payment Efficiency: Implementing a Next-Generation SAP System for Seamless Transactions
Although DSM’s payment factory offered an exceptionally high level of service, the system was no longer supported by SAP and, to avoid rising maintenance costs, Dutch multinational DSM decided to switch to a new version of the SAP system. With 160 business units in 25 countries around the world, as…
Read moreSwiss Re: Transforming Liquidity Risk Management with Zanders’ Expertise
In the 150 years of its existence, Swiss Re has grown to be one of the world’s largest providers of reinsurance and insurance-based forms of risk transfer. Reinsurers are mostly associated with insurance for extreme loss events, such as natural catastrophes. However, Swiss Re’s services cover the entire insurance spectrum:…
Read moreTransforming Elderly Care: St Jacob Foundation’s Path to Sustainable Growth with Zanders
The St Jacob Foundation provides care and services to the elderly in the Dutch South Kennermerland area, aiming to give them control over their own lives for as long as possible. Quality of life is key to home care concepts, as St Jacob showed in their business case which was…
Read moreFrieslandCampina’s Refinancing of International Dairy Products
In 2012, FrieslandCampina was given an honorable mention at the internationally renowned Adam Smith Awards for its bank relationship management. The global dairy company was recognized for its successful refinancing program. This article looks at how ‘wallet distribution’ and strategic bank relationship management allowed the company to maneuver with agility…
Read moreMaking a SWIFT Decision: Alliance Lite or Service Bureau?
Corporate treasurers often look to SWIFT to standardise cross-border messaging, to facilitate payments and other financial transactions, and to avoid being bound to one bank’s proprietary system. With SWIFT’s launch of the cloud-based new Alliance Lite2 (AL2) last year and the recent introductions of new requirements and certification of SWIFT…
Read moreSetting up an Effective Counterparty Risk Management Framework
In recent years, the counterparty risks that corporates are exposed to have dramatically changed. Besides the traditional default risk that corporates hold on their customers, there has been an increase in counterparty risk regarding the exposures to financial institutions (FIs), the total supply chain, and also to sovereign risk. Market…
Read moreGreenpeace’s safe choice for sustainability
Caring for the environment has, for many years, no longer conjured up a vision of living an alternative lifestyle; it’s become an accepted fact of international business life. Our current sustainable mindset owes a great deal to the awareness campaigns carried out by environmental organizations such as Greenpeace. This movement…
Read moreBAT’s journey to a single company-wide SAP system
When one of the world’s biggest tobacco companies decided to bring all its entities onto the same enterprise resource planning system, there were some challenges along the way. Zanders brought its expertise to bear, to help design, test and go live with the chosen system - and ultimately make the…
Read moreTP Vision separated TV business from Philips: A major transformation behind the TV screens
TP Vision was founded on the combined assets and skills of two prominent players in the TV business: based in Amsterdam, it is 70% owned by TPV and 30% by Royal Philips Electronics. TP Vision is the exclusive brand licensee of Philips TV in Europe, Russia, Middle East, Brazil, Argentina,…
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