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…
Read moreSAP 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,…
Read moreUnavoidable 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,…
Read moreCorrections 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…
Read moreThe 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…
Read moreWhy 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…
Read moreA 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…
Read moreWhy 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…
Read moreCentral 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…
Read moreTech 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…
Read moreNavigating 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…
Read moreA 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…
Read moreEndemol 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…
Read moreZanders & 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…
Read moreThe 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,…
Read moreVEON’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…
Read moreThe 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…
Read more7 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…
Read moreIOM’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.…
Read moreArgos: 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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