How can you evaluate the return on investment of a new payment method? Through their experience with Buy Now Pay Later (BNPL), payment orchestration, SoftPOS and fraud prevention, representatives from Back Market, Christian Louboutin and Thom Group explained at the recent AFTE Conference how crucial it is to have expert, ROI-oriented leadership to drive commercial performance. We summarize the discussions below.
Gabriel Lucas, Director of Redbridge Debt and Treasury Advisory, looks into the convergence of instant payments and Open Finance overlay services as a catalyst for A2A payments. Originally published in the Paypers.
Laurent Bonhomme and Sébastien Schweickert share their insights with Redbridge about Groupement Les Mousquetaires’ success in improving its treasury operations (cash flow forecasting) using a predictive artificial intelligence model. Initiated five years ago, this groundbreaking project has delivered tangible benefits, driven by the dedication of an expert three-person team. It represents a compelling example of the opportunities, but also the challenges, that integrating artificial intelligence in treasury processes can involve.
The yearly GTR conference brought about the usual crowd of CFOs, treasurers, corporate trade finance managers, bankers, insurers, lawyers, consultants and system providers. There was no particular overarching theme and the general atmosphere was rather positive. A few “usual” themes caught my attention:
In the last 12 months, we have seen unprecedented amounts of changes to bank fee reporting due to bank mergers, system upgrades, bank fee rationalization projects, and the new AFP2020 Service Code rollout. How do you prepare your billing systems to manage these changes to your pricing agreements and confirm their impact on your bottom line? Depending on your vendor, this responsibility may fall on you. Watch our webinar hosted by our experts Bridget Meyer and Dave Strand to find out if your software is ready.
In-house banking provides a number of advantages to financial departments when it comes to managing their cash flow more effectively: it helps them combat fraud, control financial risks and optimize their working capital requirements. Jéromine Adler and Arielle Chave, consultants in Redbridge’s Treasury Advisory team, highlight some of the keys to success when it comes to such projects.
Due to the recovery of industrial production and international trade, working capital has become one of the main challenges finance departments are facing today. Asset-based financing solutions can facilitate working capital management, diversify sources of financing and optimize the cost of debt. Listen to our November 16, 2021 market update on key players in factoring and reverse factoring businesses in Europe.
The bank accounts your company uses stores the most liquid of all company assets. In the wrong hands, these accounts can expose your company to a significant risk of theft, fraud, or non-compliance.
There are still obstacles to instant transfer payment, including a lack of harmonization and standardization at the European level regarding banking APIs (application programming interfaces). Nevertheless, payment service providers (PSPs) wish to innovate and develop a wide range of solutions to meet the needs of their customers, says Manon Balette-pape, Director at Redbridge.
The merchant card industry is changing, so much so that even the word ‘merchant’ has become out-of-date. In recent years, the industry standard verbiage changed from merchant cards to payment cards to be all-inclusive of the complexities of the payment card world. Examples of payment cards can include traditional credit and debit cards, but also gift cards (closed loop), pre-paid cards (open loop), ghost, and virtual cards.
Olivier Grandval, treasurer at Louis Dreyfus Company, discusses how SWIFT gpi simplifies the daily work of the treasury team of his group that trades in agricultural commodities. For him, improving the traceability of cross-border payments opens up new opportunities for bank relations and cash flow forecasts.
In many treasury organizations, bank fees are simply left unchecked. We all know we should be monitoring them, but most of us run out of time or energy before we can tackle the problem. We have found time and time again that with the right abilities, a treasury professional can have a great impact on their company’s bank fees and get themselves recognized as a treasury ‘superhero’ in the process.
With the recent lifting of the ban on merchant surcharging, the U.S. payments industry has not seen widespread adoption. However, as fees continue to climb, card-not-present volumes increase, and there are fewer options to lower fees, merchants are finding themselves backed into a corner.
Capital management and risk-adjusted performance are increasingly complex tasks for corporate treasurers, particularly in relation to their banking relationships. Banks have utilized RAROC (risk-adjusted return on capital) – a risk-based profitability measurement – for decades as a key factor in determining their appetite for business relationships with corporations.
In our bank account management (BAM) blog series, we strive to look at the problems of bank account management from a modern perspective. Our first installment focused on proper bank account management practices in the risk-focused world.
