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Trends in Treasury for the Insurance Industry

Plan your priorities for 2022

Innovative developments in cash management, combined with the application of cutting-edge technologies, ensure that the corporate treasury function is heading towards a truly real-time, frictionless and data-rich environment. For treasurers in the insurance industry, this article looks ahead to the final quarter of 2021 and explores the key trends to understand and monitor.

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SAP Advanced Payment Management

S/4 HANA Advanced Payment Management (APM) is SAP’s new solution for centralized payment hubs. Released in 2019, this solution operates as a centralized payment channel, consolidating payment flows from multiple payment sources. This article will serve to introduce its functionality and benefits.

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Sourcing Market Data

The provision of market data to support not only an organization’s treasury function but the wider business functions can become a time-consuming and potentially complex exercise. It is no longer just about the source of market data, questions such as integration, validation, storage, consistency and distribution within an organization need to be considered. In this article we will look at some of the considerations when deciding on how to source market data and how in-built applications can reduce risk and cost while improving automation.

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How to set cash pool and in-house bank interest rates

One of the main challenges treasurers face when setting up a cash pool or an in-house bank is setting an appropriate interest rate for the resulting transactions. This topic, among others, has been addressed in the recently published OECD transfer pricing guidelines on financial transactions. As expected, the OECD has left it to the taxpayers and advisors to translate the guidance into concrete methodologies for compliance. Zanders has designed a cloud-based solution that automates the entire process.

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The KYC burden on corporates

A centralized approach to manage KYC

It is mandatory for financial institutions to investigate whether cash is being used for money laundering, financing terrorists and criminal activity. Criminals exploit any situation to pursue their damaging activities and the recent increase of cybercrime shows that the COVID-19 situation is no exception. The purpose of KYC (Know Your Customer) is to protect the global financial system from being used for fraudulent activities. Banks play a key role in identifying suspicious transactions. To determine whether a transaction is suspicious, banks need to know their clients and their possible changed activities. The flip side, however, is that the KYC burden on corporates has already increased since the previous (financial) crisis. Will the KYC burden further increase or are there ways to release the burden?

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