The Treasury
Archive for Blog
Blog
Six Profitable Reasons to Invest in a Treasury Management System
In today’s rapidly evolving business landscape, safeguarding liquidity and navigating complex financial challenges are paramount. Legacy systems and manual processes are no longer sufficient. By investing in a Treasury Management System (TMS), you will empower your organization and rise above the competition. Here’s why: 1) Reduce Manual Processes Bid farewell to time-consuming manual tasks. With … Read more
Blog
Rebuilding the house – how to digitalize treasury in a transition phase
Imagine you are the CFO of a listed, matrix organized company. You get acquired by private equity owners who commission the group to restructure into three independent business units. One of the missions you get: Fix and digitalize all operations in 15 months. How do you get the work done? Åke Bengtsson, CFO Gunnebo Group, … Read more
Blog
The digitalization 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