The Treasury

Blog

The digitalisation of treasury: Let robots do the job!

The finance department of Swedish construction group Peab handles about 1 200 guarantees every month to its about 40 different subsidiaries. Administrator is Roberta: a supereffective and safe robot working with Coupa Treasury. “No human had been able to make all controls required every month. She makes an incredible job”, states Louise Strömberg, system administrator … Read more

Blog

Time to improve your cash management strategy

How smart is your cash management strategy? Let’s review the fundamentals. Which of these statements is incorrect? A.  A sound cash management strategy involves looking at all of the organization’s cash inflows and outflows. B.  Collection processes and the average length of account receivable can have a significant impact on cash management. C.  Cash flow … Read more

Blog

Five steps to accountable cash forecasts

Accountable cash forecasts have always been a challenge for large, global organisations – but yet critical for cutting financial costs and avoiding temporary insolvencies. The corona pandemic underlines the need for cash visibility and frequent and accountable cash forecasts. So, how do you succeed in this? The short answer is: Invest in an integrated Treasury … Read more

Blog

Good news for all Nordic Treasurers: Coupa Software acquires BELLIN

CORE Process is now a member of a new exciting community: The California-based business spend management platform provider Coupa Software. No, we have not been acquired. But Coupa Software announced on the 12th of June that they had acquired BELLIN Group – of which CORE Process is the Nordic distributor. BELLIN’s Treasury Management System tm5 … Read more

Blog

The cash flow revolution is here – are you ready? Pt 1

Whether we recognize it or not we are now living in the Fourth Industrial Revolution. Driven by the need to release new levels of cash, companies are transitioning from limited working capital programs towards enterprise-wide cash optimization. In two blog posts I will show how this transition is both fueled and enabled by the Industry … Read more

Blog

Eurofinance 2019: Why treasury should be a part of the cyber security market

This year the Eurofinance conference in Copenhagen had “Resilient treasury” as its theme. It really hit the point of the discussions and talks I took part of. Cyber security and fraud management, issues that demand resilience, were recurring topics among the exhibition stands as well as the seminars. No wonder – this is, or should … Read more

Blog

How treasury management systems can bring value instead of stress

With the main business conference Eurofinance coming up in October in Copenhagen, it is time to warm up with some business intelligence. We are living and working in the fourth industrial revolution with rapid changes as a consequence of digitalization, automation and machine learning. The impact of technology on treasury is significant. If your corporation … Read more

Blog

How will open banking impact treasury?

Interview with Karsten Kiefer, BELLIN, on open banking, APIs and the future of bank connectivity. With financial data increasingly digitized and moved to the cloud, disruptive approaches have become available to fintechs and corporates have gained access to new and revolutionary opportunities. One such opportunity is open banking, also known as API banking. In this … Read more

Blog

Market watch: A heavier slowdown than expected

The global economy is significantly slowing down, but we have still no recession. Economies are growing, although at a more moderate pace. But indicators keep going down. Most clearly is this seen in the yield curves. In the beginning of this year I wrote about the pessimism in the economy. I then assessed it was … Read more

Blog

Working capital optimization part 4: Deploying a solution

When undertaking a working capital optimization project, it’s essential to deploy your solution effectively so that you can achieve the desired outcomes. In particular, you’ll need to include all relevant stakeholders in the implementation and communicate with them effectively. While this may sound straightforward in theory, this aspect of the project can be challenging – particularly for … Read more