Refinancing despite poor market
Even though everything is going your way, you can sometimes get into acute problems.
Connexxion is a prime example. The largest regional transport company in the Netherlands was hit hard financially in 2008. The company had no option but to refinance. That’s not exactly easy in turbulent times.
But despite the grim market, Connexxion succeeded in getting the job done in record time together with Zanders and is now once again future-proof.
Configuring a new treasury system
The Dutch Unbundling Act requires energy companies to separate their grids from their commercial activities. It is a requirement with a significant impact and means that an entirely new company is created from scratch where systems, departments and processes must be set up.
Zanders supported the brand-new treasury department of grid manager Alliander – formerly part of Nuon – in configuring their new treasury system.
APG Asset Management
There is now a strong awareness at APG Asset Management that collateral management is crucial when it comes to controlling risks. The bankruptcies in the financial world, such as the fall of the American investment bank Lehman Brothers, have served to considerably strengthen that realisation.
It is therefore no surprise that APG has recently been examining collateral management very closely. Zanders supported APG Asset Management in streamlining this process in what is a highly turbulent period.
Heineken is centralising its worldwide treasury processes
Beer giant Heineken is centralising its worldwide treasury processes more and more. To support this, Heineken decided to implement SAP Treasury at its head office in Amsterdam. And presented Zanders with the challenge of installing SAP Treasury in compliance with Heineken’s requirements in the space of nine months. Heineken was satisfied, the implementation went exactly according to plan and also stayed within the budget.