19
Mar 18

Tackling Payment Fraud Together: BELLIN Global Transaction Banking Services

Payment fraud and fraud protection are top of mind for corporates around the globe, and figures have been mounting year over year. According to the FBI Internet Crime Complaint Center fraudsters sought to steal USD 5.3 billion from October 2013 through December 2016 through schemes known as business email compromise alone. This is clearly a topic companies literally cannot afford to be complacent about. Every business needs to have processes, technology and training in place to counteract the threat.

Fraud prevention through independent verification

Fraud is multi-faceted when it comes to payment processing, and the angles of attack are manifold. One of the many nightmares companies face is manipulated account master data. Most companies have been there: you receive...

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23
Feb 18

BELLIN Recognizes Outstanding Achievements in Treasury at 1TC 2018: “And the Winner is…”

Once a year, the BELLIN Community gets together to celebrate outstanding treasury solutions: at the BELLIN Treasury Champions Awards ceremony at 1TC Treasury Convention. The BELLIN Treasury Champions Awards recognize excellent client projects in three categories: “Newcomer of the Year,” “Best Practice” as well as “Client No. 1.” The “Newcomer of the Year” award rewards businesses that have met particularly challenging objectives through the implementation of their treasury projects, providing the entire business with fresh and groundbreaking momentum. The “Best Practice” award recognizes businesses who’ve demonstrated pioneering work or who use BELLIN products and services group-wide in a particularly efficient manner. In this category, it is the more than 50,000 users of BELLIN...

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19
Feb 18

Control Through Visibility: Progress and Hindsight: from Thomas Edison to Treasury Management Systems

When Thomas Edison perfected the lightbulb and laid the foundation for a viable system of lighting at the end of the 19th century, he created a network subsequent generations can’t even imagine ever having lived without. From the vantage point of technological progress, any era preceding the current standard appears like the darkest of ages – pitifully unenlightened, primitive, ignorant and blind: “How could anybody live like that?” “How were these poor souls even able to do their jobs?” By the same token, today’s digital natives find it all but unimaginable that they share the planet with people who don‘t take advantage of the blessings of digitization: why would anybody do without the potential visibility that comes with access to global data networks and forgo the swift information...

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14
Feb 18

Bank Fee Management: It Takes Two to Optimize

Nowadays, most companies with a larger domestic footprint or international activities have quite a few banks covering all their financing needs. The number of banks has increased due to several factors: notably globalization of corporates, regionalization of the banks and importantly, the distribution of risk over several banks. The effect on the treasury function is a challenge with regards to managing these relationships and ensuring good service, fair pricing and proper control over the banking activities. Any treasury will try to make sure they have a proper understanding of all these factors and discuss them with their core banks on a regular basis.

A specific area of concern for many treasurers are the fees for cash management. These might “only” represent 20% of the...

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31
Jan 18

The Marriage of System and Consulting: The Key to Success

Many treasurers, CFOs and Heads of Finance struggle with finding the right approach to selecting a system, extending or replacing their existing setup or restructuring their treasury. Good consulting is of the essence, and so many of them turn to external consultants. But what can and should these consultants achieve? Before asking yourself whether hiring an external consultant is worth your time and money, you should consider what kind of consultant is best suited to what kind of project.
The introduction of a successful treasury management system in a company means more than just buying a product with good functionality. It is intricately connected to a successful implementation, and even more importantly an overall successful project! The system needs to provide support; it...

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