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Treasury Management Systems?
Get in touch with Laura Koekkoek for more information about Treasury Management Systems.
In the area of Treasury Management Systems we assist corporate clients in the selection and/or implementation of an ‘off-the-shelf’ system to support the treasury department.
The systems we assist corporates in are, amongst others:
With an in-depth understanding of their functionalities we actively track around 60 treasury management systems of over more than 40 vendors. We help our clients to select the system that is the best fit for their needs.
We have a clear overview of the functionality of all systems and can help with solving queries in many areas, for example:
Vendor Supply Chain Finance (SCF) constitutes the transfer of a (trade) payable position towards the SCF underwriter (i.e. the bank). The beneficiary of the payment can then decide either to receive a...
The corporate landscape is being redefined by a plethora of factors, from new business models and changing regulations to increased competition from digital natives and the acceleration of the consume...
Analyzing data from a treasury management system and ensuring it is up to date and accurate is key to making effective decisions for any corporate treasurer. Over recent years, SAP has added an array ...
Continuous Linked Settlement (CLS) is an established global system to mitigate settlement risks for FX trades, improving corporate cash and liquidity management among other benefits. The CLS system wa...
From 7 to 11 November, AFP organized its annual ‘Treasury and Finance Conference’ in Washington D.C.. The event was one of the first major conferences with an in-person component. As every year, Z...
Treasury transformation is happening at a rapid pace, and for many organizations this means a significant growth in the need for collaborative working and partnerships. This is an increasing trend and...
Despite the tremendous push towards fully automating trade confirmations between banks and corporates in recent years, many transactions are still confirmed manually. Manual confirmations are slow and...
Founded in 1949, ASICS is a global sports brand on a mission to champion the benefits of movement on the body, and the mind. It’s why the company is called ASICS which stands for ‘Anima Sana In Co...
With house bank accounts treated as master data instead of configuration objects including the latest enhancement, the bank account subledger concept, SAP S/4HANA Bank Account Management (BAM) aims to...
The need to formulate a treasury technology roadmap for your organization has never been more critical. This is particularly relevant for large complex organizations that are running SAP. The SAP S/4H...
Testing is a critical activity in any implementation, and it has a significant impact in any overall project success. However, testing often takes longer than planned, due to poor execution or unexpec...
One of the key finance related challenges that most corporates currently face is the IBOR reform. How can SAP technology support organizations with the consequences of IBOR reform? In this article we ...
During the spring of 2021, Zanders and SAP joined forces once more to provide a three-part webinar series. The occurrence tackled the question: ‘How does Treasury fit in the SAP Central Finance jour...
Traditionally the SAP Treasury functionality has been heavily focused on accounting, reporting, and monitoring of treasury transactions that have already been executed. But now, pre-trade processes ca...
As a result of the increased demand for (real time) treasury data, in combination with an ever changing regulatory landscape, treasurers are looking to increase their visibility on liquidity and finan...
We recently discussed the increasing feasibility of establishing a stable of best-of-breed treasury management solutions as an alternative to utilizing an all-in-one TMS, as published in The Treasurer...
The most recent S/4HANA Finance for cash management completes the bank account management (BAM) functionality with a bank account subledger concept. This final enhancement allows the Treasury team to ...
Implementing a hedging strategy to hedge against one common currency (the “base” currency) in SAP Treasury may be a daunting task, but in isolating and focusing on the individual building blocks r...
A successful SAP implementation or SAP enhancement requires a successful data migration. There are numerous ways to organize an effective data transfer, even to the point where it is quite hard to nav...
Economic crises pose a real threat to organizations, the systems they rely upon and the people they serve, regardless of whether they are caused by natural disasters, political turmoil, or the changin...
At the birth of any project, it is crucial to determine the most suitable project management framework by which the treasury objectives can be achieved. Whether the focus is on TMS implementation, tre...
In the previous part of this series on ‘How to setup virtual accounts in SAP’, we delved into the details of a scenario where virtual accounts are managed on GL account level using SAP FI module o...
SAP provides multiple corporate treasury solutions to streamline, simplify, and standardize your payments, hedging processes, and treasury operations. We can assist you to successfully leverage these ...
In the modern treasury landscape, projects are always complex, regardless of scope and size. Even a small project like a SaaS cash flow forecast system implementation is complex if we take into accoun...
Even though ERP systems automate most of the handling of accounting and financial activities, many of us still have the drive to seek even further for automation. Even the shortest routines that need ...
At Zanders, we believe that to add meaningful value in our interactions with the treasury community we must strive to develop in-depth knowledge in all areas of treasury. One of the key enablers for t...
How can virtual accounts help your Treasury and how can they be implemented in SAP? There are many concepts in which a virtual account can be deployed. In this second article on ‘How to setup virtua...
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 bei...
Compared to their Western counterparts, Asian corporate treasuries have had to grow and learn to react to business complexities and changes in their environments very quickly. Western corporations hav...
In this article we explore some methods to connect corporate ERP or treasury systems with partner banks. In addition, it explores some trends on how SWIFT is accessed and covers SAP’s Multi-Bank Con...
Enter the world of virtual bank account. 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 s...
Just as growing companies plan to expand their operations internationally, corporate treasurers seek to identify new opportunities and take on challenges. The two seem to go hand in hand, as new chall...
The Covid-19 outbreak has brought many organizations to re-think their business models, processes and technologies at an unparalleled level and pace in order to prepare for unprecedented changes.
In the beginning of March, Zanders organized a “jargon-free” Breakfast Session to explore what robotic process automation (RPA) is all about. We had a look under the hood of a complex, hard-workin...
The start of a new year (not to mention a new decade) is a natural moment to reflect on the past and look forward to the year(s) ahead. How should you, as a treasurer, prepare for the uncertain future...
In our first article on treasury optimization in Asia, we introduced three different levels of optimization. These levels form the foundation for this series and will be highlighted and examined in gr...
Central Finance (CFin) is an SAP S/4 HANA product launched to activate on an S/4 HANA engine. Given that it runs on a S/4 HANA engine, it is mainly profiled in the market as a phased approach to adopt...
Are you thinking about replacing part of your workforce by automated robots? Think again, because Robotic Process Automation (RPA) is not about getting rid of what may be your company's most valuable ...
As the Asian century is set to begin and the region continues to build on its reputation as a growth powerhouse, an increasing number of global multinationals have significant business in the region. ...
As trailblazers of growth, many Asian Tigers’s corporate treasuries have had to grow and learn to react to business complexities and changes in their environments very quickly. Over the past decades...
The discontinuation of the IBOR rates promises to be one of the most significant changes to the financial markets in decades. Some people argue that it will impact the financial industry even more tha...
Since our company was founded 25 years ago, Zanders’ team has been involved in many SAP Treasury implementations. SAP Treasury was first developed in the early Nineties and has since been regularly ...
In April 2019, Zanders has organized a breakfast session on sanction screening. We were happy to welcome over 20 professionals from a variety of multinational corporates who actively shared their expe...
Instruments including bonds, loans, derivatives, leases, and the construction of discount curves, could all be affected by the new reference rates. The required repapering and repricing of affected fi...
Increase in corporate carve outs and spin offs. From a treasury perspective, the essence of a carve-out project is that the business that is being carved out needs a fully functional and standalone tr...
Results of a recent Zanders and FIS Treasury Technology survey. Based on the research, we conclude that corporate treasurers expect new technologies, such as artificial intelligence and APIs, to impro...
The importance of FX risk management has grown significantly in recent years on the back of market volatility, increased geopolitical risk, and also regulatory and accounting changes. International ex...
Where is the treasury technology market heading to? Which systems are stepping up to the leading positions and who is being left behind? Factual knowledge about treasury technology and insights into a...
The treasury management system (TMS) market is in flux once again, with mergers, acquisitions and private equity investments reaching fever pitch recently. This article outlines the developments in th...
Over the last months Endemol Shine Group won two prestigious globally recognized Treasury awards for their innovative transformation solution. Global Finance awarded Endemol Shine Group as the ‘Best...
A payment hub increases efficiency and straight-through processing by centralizing and optimizing payments. It's all about automation and increasing insight, visibility and the opportunity to decrease...
Zanders hosted its first Corporates round table for 2018, focusing on trends in payments and bank connectivity. We welcomed 17 representatives from a number of leading corporates in the Netherlands.
As technology advances rapidly, there is a lot of discussion about how robotics, artificial intelligence and distributed ledger technology will impact our lives. But what are the key trends in the are...
Zanders recently hosted a half-day event, the annual Treasury and Risk Seminar in Zürich, tailored to corporate treasury professionals in the Swiss treasury community. More than 45 participants from ...
Geopolitical instability has always had an impact on foreign exchange (FX) markets, increasing the volatility of FX rates. More recently, the rising tensions between the US and North Korea, as well as...
Today’s technologies offer opportunities that we have never seen before. Moreover, these possibilities are becoming greater continuously; today’s technologies do not develop linearly, but exponent...
The revised Payment Services Directive (PSD2) is a new European regulation that aims to benefit all end users in the payments space, both consumers and businesses alike. How is it relevant for you?
Over the last years the global economy has been in a ‘Goldilocks’ state, enjoying moderate economic growth combined with low inflation and low interest rates. These favourable market conditions ar...
On the 20th of June 2017, the Zanders Belgium Annual Treasury and Risk Seminar was held in Antwerp where more than 40 invited experts gathered under a beautiful blue sky and an exotic temperature to d...
The majority of treasurers expect their department’s functions to expand for numerous reasons, such as regulatory changes and the need to increase business integration.
The key findings of the first annual Treasury and Cash Management Technology Survey, by Zanders and Citi Treasury and Trade Solutions, highlight some of the trends in the deployment of enterprise reso...
2016 was an eventful year for all corporate treasurers. Even though corporates were expecting a recovery from the crisis in previous years, new events came into the picture.
If it takes you more than 30 minutes to update your global daily cash forecast, you need to evaluate the tools and methods in your cash forecasting process. If you still rely on Excel for cash forecas...
Visual Risk and Zanders collaborate to take corporate financial risk management to the next level.
Sir Richard Branson once said: “If you want to be a millionaire, start with a billion dollars and launch a new airline.” Although this statement might be an exaggeration, the airline in...
In recent years, cloud computing has become an important part of information technology. It is currently a buzzword among IT decision-makers, and the implementation of treasury management systems (...
A partnership based on mutual respect and independence Zanders and IT2 Zanders has worked closely with IT2 since 2006 on various client implementation projects.
They are partners and yet ...
The success of a new treasury system stands or falls on its implementation. And the success of the implementation stands or falls on good project management.
But what exactly is good proj...
Zanders maintains partnerships with various suppliers of treasury management systems. One of the first partner companies with which Zanders established ties was SAP. Over the past decade Zanders...
With subsidiaries all over the world, ASICS wanted to standardize and make its treasury operations more efficient. To optimize its treasury function, ASICS Europe (AEB) decided to implement the SAP Tr...
Sony Group implemented the SAP S/4HANA Treasury system successfully around the world in 2020. This project is called METRO Project in Sony Group. Sony decided to start Digital Transformation (DX) of g...
LyondellBasell, headquartered in the Netherlands, is one of the largest plastics, chemicals and refining companies in the world. With its global presence and significant operations in the United State...
Sulzer was looking for a cloud platform to collect its market data. The Swiss company decided to use Zanders’ market data platform to bridge the source systems and target systems. The new data syste...
Royal FrieslandCampina wanted to improve the centralization of its payments and collections. Kyriba and Zanders were excited to support Royal FrieslandCampina's journey to become a more mature corpora...
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 multinationa...
In the summer of 2015, Johnson Controls International (JCI) announced that it would divest its Automotive Division via a spin off in a new publicly listed company: Adient. Shortly thereafter, JCI anno...
Gasunie has managed the Dutch gas network since 1963, when natural gas was first produced at Slochteren. In recent years the energy mix has changed, with the focus now more on sustainable energy sourc...
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 transform...
Following a rigorous treasury transformation and global SAP implementation, British American Tobacco embarked on a project to further streamline its cash management structure and processes. This inclu...
When the multinational pharma company Sanofi set out to implement a global payment factory based on SAP, the sheer size and scope of the project made it seem a Herculean task. But with meticulous plan...
A transfer to a new system is usually a complicated and time-consuming process. This rings particularly true for a company like GlobalCollect, which processes hundreds of thousands of online transa...
Expansion into new markets brings challenges on many levels, not least of all financially. When Sulzer, a leading provider of products and solutions in markets such as oil and gas, power, water, an...
TP Vision took over Philips’ TV business on 1st April, 2012. The joint venture, with Chinese/Taiwanese TPV and Dutch Philips as stakeholders, has taken many important steps since then to crea...
WPP has treasury operations on three continents and each center has its own individual needs. The company needed to devise a request for proposals (RFP) for implementing a new treasury management s...
When Coca-Cola Hellenic (CCH), one of the biggest bottlers and sellers of Coca-Cola products in the world, implemented SAP in 2008, the treasury team expected great improvements in cash management ...
“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 s...
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 Zan...
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