Treasury Forecasting: An Overview Of Practices
Do you have a subsidiary in the United States? Are you monitoring your US cash management costs such as bank charges and electronic transaction fees? It is highly likely that these fees will increase in the near future and that your bills will be impacted. Here’s why.
The pandemic has forced many businesses to drastically adapt how they do business to survive. Here are 4 steps you can take today to safeguard your payments environment during the pandemic and beyond.
According to Olivier Talvard, senior director at Redbridge, improving working capital requires careful execution to achieve its goals while simultaneously protecting the client-supplier ecosystem.
Pressure from the sales, marketing, as well as digitization, teams to adopt innovative payment solutions and access multiple card networks must make sense from a financial as well as security standpoint. An interview with our experts Mélina Le Sauze and Anthony Schulhof.
Redbridge’s latest survey of 104 European companies reveals the first lessons of the crisis and the current priorities for treasurers: forecasts, working capital and cash pooling. Any planned savings will need to be mindful of preserving bank relationships.
Global TMS providers are stepping up to help treasurers during the COVID-19 pandemic. Here’s how.
French National Bank (FNB) manages the Negotiable European Commercial Paper (NEU CP) crisis by listening to its stakeholders.
Florence Saliba, Chairwoman of the French Treasurer Association (AFTE) and François Gouesnard, Vice-Chairman of the Finance Commission, provide a positive assessment on the FNB’s action aimed at restoring confidence in the NEU CP market – Interview
Put in place by the French Government to offer companies easy access to COVID-19 special financial support, the banks are not entirely comfortable with some of the terms and conditions of the measures. They are exercising their normal due diligence, as they would do with any credit applications. Treasury departments should therefore not spend time thinking about the optimal financing structure in the context of more or less rapid economic recovery.
Europe’s largest companies are staying away from the special financing arrangements put in place by governments . In France, even before the presentation of the state-guaranteed loan (Prêt Garanti par l’Etat – “PGE”), several large caps had already secured additional liquidity to get them through the first few months of the crisis, such as Airbus, which announced the signing of a €15 billion syndicated loan on 23 March. Other such raising included Schlumberger with a €1.5bn Revolving Credit Facility and Diageo, who launched and priced a USD $2.5bn bond offering.
Amid the chaos of COVID-19, layoffs, furloughs and businesses closing, there are still things businesses cannot avoid, like payment card brand fees, and the need to manage both the current fees and the constant changes put out by the card brands.
How quickly will companies take advantage of the advances in trade related technology that affords them reductions in costs as well as improvements in risk mitigation?