Zanders EBAM Seminar, November 13th, 2012
-
Upload
zanders-treasury-and-finance-solutions -
Category
Economy & Finance
-
view
782 -
download
1
description
Transcript of Zanders EBAM Seminar, November 13th, 2012
1
Trends in Corporate Treasury & Technology
Laurens Tijdhof – Partner
Eliane Eysackers – Executive Consultant
2
• EBAM: Your remote control in bank account management
• Presentations from different perspectives:
– Corporate case studies : Cytec and Liberty Global
– Standards & Central Utility : SWIFT
– Bank readiness & solutions : RBS and BNP Paribas
– Treasury system solutions : IT2 and SunGard
– Treasury Consulting : Zanders
• Key discussion topics:
– Introduction to EBAM
– What are the ‘Corporate’ pre-requisites for implementing EBAM?
– How far is the ‘Treasury Ecosystem’ in offering EBAM solutions?
Today’s Agenda
3
• Introduction
• Simplification of the Treasury Model
• Treasury Technology & EBAM
Table of Content
4
• Zanders is an independent consulting firm specialized in the area of Treasury and Finance:
– Cash & Liquidity Management
– Risk Management
– Corporate Finance
– Treasury Strategy & Organization
– Treasury Processes & Systems
• Founded in 1994 by Chris J. Zanders, currently with presence in the Netherlands, Belgium, Switzerland and the United Kingdom
• With more than 150 professionals the leading company in Europe for advisory, interim, outsourcing and transaction services
About Zanders
5
• Introduction
• Simplification of the Treasury Model
• Treasury Technology & EBAM
Table of Content
6
1980..
Expected Trend in Next Decade: Back to Productivity
Working Better
Reengineering
1990..
Working Cheaper
Outsourcing
2000..
Working Elsewhere
Globalization
2010..
Working Simpler
Simplification
7
Strategic Opportunities for Simplification
Treasury Area Trend Recent Past Near Future
Treasury Organization
- Virtualization- Centralization- Local empowerment
- Decentralized- Local services
- Virtual global organization- Centralized (IHB/PF)- Enhancement of SSC concept - Maintain company culture
BankingLandscape
- Independence- Rationalization- Balancing bank fees vs. credit commitment
- Multiple banks- Multiple bank accounts- Multiple EB tools- Multiple single cash pools
- Balanced banking wallet- Simplified account structure- Independent bank connectivity- Multi-currency overlay cash pool
System Infrastructure
- Automation- System integration- STP
- Stand-alone system landscape
- Non-automated interfaces
- One global portal- Integrated best-of breed TMSvs. full ERP solution
- Seamless interfaces
Treasury Workflows & Processes
- Simplification- Standardization- Enhance compliance
- Many different processes - Not very standardized- Labor intensive
- Uniform processes- More with less- Dematerialization of paperEBAM
8
Building Blocks for Treasury Transformation Projects
Trends
Centralization
Automation
Independence
Standardization
Key Drivers
Reduce Cost
&
Create Value
Reduce Risk
&
Improve Control
Results
- Virtual Global Treasury Organization
- SSC / Payment Factory
- In-House Bank
- Single ERP/TMS
- Seamless IT interfaces
- Dematerialization of paper (EBAM)
- Straight-Through-Processing (STP)
- Wallet distribution
- Disintermediated funding strategy
- Bank connectivity (SWIFTNET)
- Process Improvement
- Products and formats (SEPA)
- ISO XML 20022
9
• Introduction
• Simplification of the Treasury Model
• Treasury Technology & EBAM
Table of Content
10
Treasury Technology - Catalyst for Corporate Change
Time
Level of
Centralization
Decentralized
cash management
by subsidiaries
Local liquidity
centralization
Regional / global liquidity
centralization (Netting & In-House Bank)
Shared Service Center,
Payment & Collection Factory
Virtual Treasury (centralized
and paperless, combined
with local empowerment)
Simplifying and automating
Treasury Processes (EBAM, FSCM)
Today
11
EBAM helps corporate treasuries to increase control, visibility and efficiency by dematerializing the tedious process of bank account management.
EBAM – What is it about?
Control
Visibility
Efficiency / Automation
Integrated global application for bank account
Opening Maintenance Closing
Standardization (XML)
Bank Connectivity
(SWIFT)
Virtualization (e-doc’s)
Drivers Enablers Electronic Bank Account Mgmt
12
EBAM – How to get there?
EBAM Connectivity Options Key Features
• Add-on to the electronic banking system
• Bank proprietary solution
Good in-house digital data management is key (e.g. accounts, signatures). From a conceptual perspective, there are three possible ways to set up EBAM.
• EBAM application is outsourced to a 3rd-party vendor (e.g. a service bureau)
• Bank independent
• Client-hosted solution, e.g. as a module of the treasury management system
• Bank independent
13
Zanders’ EBAM-related services
EBAM provides an opportunity for corporates to review the current BAM policies and processes before taking it to the virtual level.
Policy
Processes
Organization
Compliance
Applications
• As-Is: Review and assessment of current BAM policies and related processes
• To-Be: Solution design of future (audit-proof) processes, EBAM-related policies (e.g. digital signatures, 3SKey)
• Roadmap: Blueprint of ideal EBAM set up (incl. EBAM solution from TMS, banks and/or 3rd-party vendors)
• Implementation: Phased approach for implementing future EBAM solution (different roles per phase, depending on the scope of the project and the chosen IT set up)
EBAM
14
• EBAM will change the way you communicate with your banks
• It will reshape bank account management (BAM) in the same way as email changed the concept of mail (the ‘new’ normal)
• Main benefits of EBAM include a faster and more controlled corporate-to-bank communication for opening, closing and maintaining accounts
• Best market practice is to approach EBAM in two steps:
– Optimize internal treasury organization, processes and systems (BAM)
– Dematerialize external paper-based bank account management with EBAM technology available from system vendors, banks and/or SWIFT
• The ultimate goal is a ‘virtual and paperless treasury organization’
Are You Ready for the Next Step?
15
Questions
Simple
≠
Easy
Treasury?
K.I.S.S.!
16
Zanders Netherlands Brinklaan 134 1404 GV Bussum The Netherlands T: +31 35 692 8989
Zanders UK 26 Dover Street W1S 4LY London United Kingdom T: +44 207 763 72 96
Zanders Belgium Place de l’Albertine 2 1000 Brussels Belgium T: +32 2 213 84 00
Zanders Switzerland Bächtoldstrasse 5 8044 Zurich Switzerland T: +41 79 372 08 01
Contact Information
17
These materials are for the recipient’s use only and may not be copied or
distributed in whole or in part to any other person. All information contained herein
is confidential and proprietary to Zanders and any of its subsidiaries. This material
is not to be disseminated, reproduced in whole or in part without the written prior
consent of Zanders.
By furnishing this presentation to the recipient, Zanders is not committing to any
transaction. Although any indicative information is reflective of the terms under
which a transaction might be arranged, no assurance is given that such a
transaction will be executed on the specific terms indicated, due to changes in
circumstances or new understanding through further analyses.
Disclaimer