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Integrated Treasury Solution in the cloud. DACT, 8th November 2013. Arnold Voet Robert Jan Wekking Director Treasury Managing Partner Van Gansewinkel Enigma Consulting. Contents. About Enigma Consulting About Van Gansewinkel Vision & Objectives Solution & Lessons learned

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integrated treasury solution in the cloud
Integrated Treasury Solution in the cloud
  • DACT, 8th November 2013
  • Arnold Voet Robert Jan Wekking
  • Director Treasury Managing Partner
  • Van Gansewinkel Enigma Consulting
contents
Contents

About Enigma Consulting

About Van Gansewinkel

Vision & Objectives

Solution & Lessons learned

Benefits achieved & Next Steps

about enigma consulting
About Enigma Consulting
  • Consultancy firm, 100% independent, Founded in 1997
  • Specialized in Payments, Treasury and Risk
  • 60 highly qualified professionals
  • Combines Advisory and Implementation, with focus on end-to-end financial processes
  • Matchmaker between solution providers and clients
  • Authorized BELLIN tm5Partner in the Netherlands
key facts figures
Keyfacts & figures

About Van Gansewinkel

  • 3.14
  • MILLION TONS OF CO2PREVENTED IN THE CHAIN
  • 1,865
  • VEHICLES
  • 5,350
  • EMPLOYEES
  • (EXCL. TEMPS)
  • 8.2
  • CUSTOMER
  • SATISFACTION RATING 2012
  • MARKET LEADER IN THE BENELUX
  • MORE THAN
  • 120,000
  • B2B CUSTOMERS
  • €1,0
  • BILLION
  • REVENUE
  • CLOSE TO
  • 2 MILLION
  • HOUSEHOLDS
  • €146
  • MILLION EBITDAE
vgg treasury 2013 highlights
VGG Treasury 2013 Highlights
  • €1,5 bln refinancing of the Group at 6x EBITDA leverage
  • Sale of AVR incineration business to CKI (>€900 mln)
  • €50 mln Off Balance KBC receivables factoring program
  • Reduction Cash Management banks from 4 to 2
  • Implementation of a Group wide Credit Insurance
  • Implementation of BELLIN tm5
  • SEPA & Swift Payment Hub (in progress)
slide10

VGG Objectives

Integrated Solution

Treasury Management

Payment HUB

  • Control
  • Moving away from spreadsheets
  • Immediate access to Treasury related data of
  • 65 entities in 40 ERP applications
  • Reduce FTE by straight through processing
  • Reduce errors & risks
  • Deal Capturing
  • Term Loans, IRS, Commodities
  • Guarantees, Lease contracts
  • Mark to Market valuation
  • Interest rate swaps
  • Hedge accounting support
  • Availability of Cash
  • All accounts of the Group to be included in the
  • central ZB pool
  • Visibility on Cash
  • Improved Cash Forecasting based on accurate
  • Data
  • Independent Bank connectivity
  • Reducing lock in cost
  • Reduce Cash Management Cost
  • Payments / Receipts on behalf
  • SEPA file conversion
treasury and payment hub in the cloud
Treasury and Payment Hub in the Cloud
  • Treasury Management System – BELLIN tm5
  • Bank Connectivity – direct SWIFT connection via BELLIN tm5
  • SEPA file conversion & mandate management - Sentenial
lessons learned
Lessons Learned
  • Cloud application is Plug and Play
    • BELLIN tm5 live in 2 to 3 weeks (core Treasury)
    • SWIFT connection live in ± 2 months (apart from SWIFT registration process) Banks support is critical to meet deadlines
    • No additional soft- and hardware, limited impact on IT resources
  • Enigma knowledge to redesign the original operating model
  • Getting it approved internally turned out an important hurdle
    • Project management needed to manage 2 software suppliers, 2 banks and SWIFT
  • Impact SEPA format conversion bigger than anticipated

7.1%

10.3%

64.9%

17.7%

what s next
What’s next
  • ERP Rationalization
    • the new (cloud) infrastructure supports a step-by-step approach to

independently migrate to new ERP infrastructure

    • SEPA from conversion service to integration in ERP systems
    • Eliminate paper flow and implement eMandates
  • Payment Processing Optimization
    • “On Behalf” Payments and Receipts
    • Simplify to single account per country for VGG