Results for ‘Treasury’

Centralized FX risk hedging to a base currency in SAP Treasury

Corporate treasuries have multiple strategic options to consider on how to manage the FX risk positions for which SAP’s standard functionality efficiently supports the activities such as balance sheet hedging and back-to-back economic hedging. These requirements can be accommodated using applications including “Generate Balance Sheet Exposure Hedge Requests”, and the…

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SAP migration tools for treasury data

Because of these limitations, many implementation partners develop their custom in-house solutions to address the requirements of their clients. SAP is constantly working on improving its standard tools, through updates, and new functionalities. This article provides insight into SAP’s standard data migration tools as well as Zanders’ approach and tools,…

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Unavoidable trends for any resilient treasury plan

Last year, the world had to cope with the first impact of the pandemic. COVID-19 is a confirmation of the grim reality that black swan events continue to have an enormous impact on our lives. But is there a way to be better prepared for the unforeseeable? In this article,…

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Corrections and reversals in SAP Treasury

As part of an SAP Treasury system implementation or enhancement, we review existing business processes, define bottlenecks and issues, and propose (further) enhancements. Once we have applied these enhancements in your SAP system, we create a series of trainings and user manuals which layout the business process actions needed to…

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The Future of Corporate Treasury

Corporate treasury is skilled at dealing with change. A large part of its job is managing the risk associated with cyclical trends, global regulatory initiatives, and geopolitical and macroeconomic events. The corporate treasury ecosystem now faces change of a different magnitude. The pace of change is only going to further…

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Why treasury projects can fail

Even a small project like a SaaS cash flow forecast system implementation is complex if we take into account that the business, regulatory and technical landscape is constantly evolving and that in most cases business resources cannot fully dedicate their time to projects. In today’s world, project teams also need…

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A streamlined way to deliver your digital treasury strategy

The importance and benefits of delivering a digital strategy for treasury operations are well understood. For many organizations, however, there is a significant barrier that may prevent them from being able to successfully implement. In this article, we discuss how to overcome that barrier, resulting in an accelerated process to…

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Why would a Treasury implement virtual accounts? How to setup virtual accounts in SAP, Part I

Are you interested in how these can help your Treasury and how to implement them in SAP? Look no further; in this article we will guide you through the first steps of virtual accounts in SAP. What are virtual bank accounts? In its most basic form, a virtual bank account…

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Central Finance and Treasury: a marriage to last?

Given that it runs on a S/4 HANA engine, it is mainly profiled in the market as a phased approach to adopt SAP S/4HANA, as well as a method to centralize and harmonize local finance processes. CFin is an SAP S/4 HANA product that was launched in 2015. In its…

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Tech savvy people needed for Treasury function

What are the main changes influencing treasury’s added value within corporates? Laurens Tijdhof (LT): “Business models are changing. In the decades since the introduction of the internet, ‘digital natives’ – new multinational companies such as Uber […] Ron Chakravarti, Citi’s global head of treasury advisory, and Zanders partner Laurens Tijdhof…

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Navigating Treasury Transformation – Insights from Zanders and Citi on Adapting to Rapid Technological Change

What are the main changes influencing treasury’s added value within corporates? Laurens Tijdhof (LT): “Business models are changing. In the decades since the introduction of the internet, ‘digital natives’ - new multinational companies such as Uber and Google - have emerged to disrupt all industry sectors. These companies have less…

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A spin-off for AkzoNobel’s treasury

Dutch company AkzoNobel is known worldwide for its coatings and specialty chemicals for both industry and consumers. As part of a new strategy to accelerate growth and value creation, the multinational decided to spin off its chemicals division. The challenge was to do this in just eight months. How did…

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Endemol Shine Group’s new Treasury show

Endemol Shine Group (ESG), a private equity-owned, Dutch-based media company with global operations, is the world’s largest independent producer and traveler of formats. The company has grown mainly through acquisitions, resulting in a treasury organization that was largely decentralized. In 2017, the new treasury team opted for a full treasury…

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Zanders & SAP Roundtable: Unlocking the value of S/4HANA using Treasury First concept

SAP S/4HANA provides a lot of new functionalities which treasury departments would like to use immediately to add value to the company. However, many treasury departments struggle with the approach to make use of these new functionalities: wait until the whole company migrates to S/4HANA or is it an option…

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The treasury impact of JCI’s strategic transactions

JCI is the global leader and largest manufacturer of automotive batteries, powering nearly every type of passenger vehicle, heavy-duty and light commercial trucks, motorcycles, golf cars, lawn and garden tractors, and marine applications, and a leading provider of building technology, products, and solutions (building automation & controls, HVAC, refrigeration, fire,…

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VEON’s transformation to an optimized treasury

With more than 235 million customers worldwide spread across a diverse group of countries, VEON's business is complex in nature. As a consequence, the organization instigated a large-scale transformational program in 2016, in order to take its financial function to a higher level. This also meant a radical change process…

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The hybrid role of Treasury at Boskalis

In the first hundred years of its existence, Boskalis was purely a dredging company. In 2010 the company – to give it its full name Royal Boskalis Westminster NV- acquired a number of other companies and, as a result, evolved from a dredging to maritime service company offering various services…

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7 Steps to Treasury Transformation

Treasury transformation refers to the definition and implementation of the future state of a treasury department. This includes treasury organization & strategy, the banking landscape, system infrastructure and treasury workflows & processes. Introduction Zanders has witnessed first-hand a treasury transformation trend sweeping global corporate treasuries in recent years and has…

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IOM’s Roadmap to an improved treasury

The International Organization for Migration (IOM) is the principal intergovernmental agency in the field of migration. Due to increasing migratory flows over the past decade, which have escalated in recent months, the organization realized that its treasury needed a transformation in order to continue supporting the organization and its cause.…

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Argos: new oil for wheels of treasury

In order to be able to integrate a number of activities and improve efficiency, the oil company Argos decided to implement a new treasury management system (TMS).They chose IT2 and were very satisfied with the result. This best-practice implementation provides an excellent example for other corporates, showing how such a…

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Fintegral

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Fintegral.

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RiskQuest

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired RiskQuest.

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Optimum Prime

is now part of Zanders

In a continued effort to ensure we offer our customers the very best in knowledge and skills, Zanders has acquired Optimum Prime.

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