Treasury Management

The responsibility of a treasury department is the management and control of future cash flows in accordance with an organization’s treasury policy guidelines, and the management of the risks related to those cash flows. The attention to treasury management has increased rapidly. This is triggered by the increasing complexity of the financial markets, and the fact that an increasing number of corporates realize that cash flow management is one of their organization’s crucial processes.

Zanders provides expertise in all areas of treasury, from drawing up the treasury policy, to designing and setting up the department and all transaction accounting. The treasury's strategic policy, as well as its responsibilities and scope, should be set out in a treasury statute, or policy document. Zanders provides experienced advice in formulating such documents.

We also provide support on practical, day-to-day matters. For example, Zanders is experienced in implementing treasury management systems. Using our extensive knowledge of financial products and related legislation, we can help develop and extend the accounting processes.

Accounting

Correct transaction accounting is very important for the treasury department because of the potential effect on your organization’s financial results. How various transactions affect financial reporting depends on the selected accounting treatment. When implementing new accounting standards it is important to consider the possible effects before making a definitive choice. As from 2005, publicly-listed companies are required to publish their financial accounts in accordance with IAS regulations. All products included in the treasury department’s books must be correctly reflected in the accounts in accordance with the new regulations.

Risk Management

If all the cash flows are known, the risks related to these expected cash flows need to be assessed. The main financial risks for a corporate are market risk (such as interest rate and currency risk), credit risk, and liquidity risk. These risks can be managed and controlled in various ways. The quantification of these risks is key in this process, and this can be done using scenario analysis and Value at Risk methods.

Cash Management

Managing an organization’s cash flows and streamlining its financial logistics is of paramount importance to managing liquidity risk and optimizing interest charges. There are various ways to streamline daily cash management, such as setting up cash pools, domestic as well as cross-border, and introducing a netting structure. Additionally, there are interesting developments in the area of cash management such as the Payment Factory and SWIFTNet solutions. Zanders has extensive experience in implementing various cash management structures, including all relevant fiscal, legal and technical aspects. Because we are independent and are familiar with the most widely-used treasury systems, we are ideally positioned to advise on the selection of the most appropriate electronic banking and treasury management system for your organization.

Corporate Finance

Corporate finance is another important component of the treasury department’s responsibilities. On the one hand it can be used to control the liquidity risks (see also cash management). On the other hand, if executed properly, it can minimize the capital costs of an organization. Depending on the need for financing, funds can be raised or invested on the international capital markets. Zanders is experienced in optimizing the capital structure of organizations. Our expertise in the area of alternative financing instruments has a lot of added value here.

Competences

Strategy & Organization

The operations of a business are closely related to the company's strategy and organizational structure.

Zanders provide an excellent service in this field for the three areas of expertise: treasury management, risk management, and corporate finance.

Processes & Systems

Many processes in an organization are supported by systems for collecting, processing, and reporting relevant financial data.

Zanders combines in-depth knowledge on treasury, risk, and asset management with expertise in the selection and implementation of the various systems.

Modelling & Valuation

The need for (quantitative) models in the financial world has greatly increased, stimulated by new regulations, such as Basel II and Solvency II.

Zanders has broad experience with developing and validating risk models and the valuation of financial instruments.

Structuring & Arranging

Zanders performs structuring and arranging activities for corporates, financial institutions, and public sector organizations.

We support in the area of corporate finance; the optimization of the financial structure and arranging different debt and equity instruments .

Clients

Zanders provides services and solutions tailored to the specific needs of each market sector and its individual participants.

Vacancies
Treasury Management

Publications

Seize the opportunities in regulatory reforms

corporates, treasury management, hedge accounting, Basel III, corporate treasury, FASB

Three regional treasuries, three sets of requirements: one RFP

How WPP managed its diverse regional needs to select a new TMS and a Swift connection

corporates, treasury management, SWIFT, treasury systems, wpp