SAP Treasury at IFF

Tasteful implementation

“The people who work for IFF are dedicated to taste – they spend their day at work creating, say, a new flavor of soda or dessert,” says Eric Vastenhoud.

Zanders  supported IFF in the centralization and optimization of treasury processes and the implementation of SAP Treasury.

Read More

Treasury is a value center at Ingram Micro

We hedge just about everything

Towards the end of 2007 Ingram Micro was confronted by the departure of its European treasury controller.

The timing could hardly have been worse, just before the end-of-year accounting period. Laurens Tijdhof, a partner at Zanders, received a phone call asking whether an interim consultant was available quickly who could not only help with closing the books, but could also input some extras in the field of best market practices.

Consultant Jaco Boere fitted the profile and is still fulfilling the role.

Read More

Hyet Sweet

Finding new financing; a success

It can take three to six months to raise financing although under the present economic conditions it sometimes takes longer.

With help from Zanders Corporate Finance, HYET Sweet did it significantly faster. This enabled the company to develop within a few months into the premier challenger in the European market for sugar substitutes.

Read More

Bank connectivity for Unilever:

convenience, benefit and improvement

Bank connectivity for Unilever: convenience, benefit t and improvement The products of multinational Unilever are obtainable worldwide. The company sells brands including Calvé, Ben & Jerry’s, Ola, Robijn and Rexona to large customers like Albert Heijn and Wal-Mart, but also to small mom-and-pop shops in cities like Mumbai and Cape Town. Thanks to SWIFT it has become a lot easier to manage the amounts paid by these large and small customers.

Read More

A healthcare first: hospital has structured loan guaranteed

Guaranteed loan for Sint Franciscus hospital is a litmus test for the sector

Sint Franciscus Gasthuis (SFG) is a Rotterdam hospital that is financing a major renovation with a EUR 50 million loan.

Zanders assisted SFG in this complex process. It was complex because of the difficult economic climate, because of legislation and, last but not least, because of the use of a structured product new to the healthcare sector: a risky roll-over loan combined with risk-curtailing derivatives. But the loan will be guaranteed by the Healthcare Sector Guarantee Fund, or WfZ. This really is something new.

Read More