PwC / Perfetti van Melle

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Presentation transcript:

PwC / Perfetti van Melle www.pwc.nl PwC / Perfetti van Melle The implementation of a cash management solution based on SWIFT 11 November 2011

Agenda Cash & liquidity management (PwC) 5 minutes SWIFT for corporates (PwC) 5 minutes Implementation at Perfetti van Melle (PvM) 30 minutes Q & A 5 minutes Cash Management /SWIFT 11 November 2011

Today’s Corporate Treasury focus is on cash & liquidity management topics and the tools and technology to support these and the tools & technology required to support these (including SWIFT, in-house Source: 2010 PwC Global Corporate Treasury Survey Cash Management /SWIFT 11 November 2011

After securing funding, Treasurers are nowadays mainly focussing on two CM objectives Visibility and control over cash Increase visibility of Group’s cash position including reporting frequency thereof Reduce risks (concentration, counterparty and operational) 2) Improve bank relationships and bank partner structure Increase negotiation position Reduce bank, funding and transaction costs Increase Bank Relationships More sources of funding Diversify Counterparty Risk Decrease Bank Relationships More business to less banks = Tier 1 status = Funding & Best Pricing Cash Management /SWIFT 11 November 2011

Cash Management reporting is shifting to more robust, more frequent and more extensive Cash developments per period Cash concentration per country or region Cash concentration per counterparty Type of cash: oa. Trapped cash, restricted, pledged. Cash per currency ……. Cash Management /SWIFT 11 November 2011

Insert picture SWIFT pagina We consider SWIFT as one piece in a holistic solution in the Corporates’ journey to Treasury centralization Insert picture SWIFT pagina Cash Management /SWIFT 11 November 2011

SWIFT usage by Corporates increasing, but….. France as main contributor 2nd Tier countries: US, GB, GE, CH Top 3 sector: Automotive,software,food 22 Corporates in Nederland (Sept ’11) Cash Management /SWIFT 11 November 2011

SWIFT usage by Corporates, some statistics Cash Management /SWIFT 11 November 2011

Now we move on to Perfetti van Melle’s Cash Management / SWIFT case © 2011 PwC. All rights reserved. Not for further distribution without the permission of PwC. "PwC" refers to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL), or, as the context requires, individual member firms of the PwC network. Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm's professional judgment or bind another member firm or PwCIL in any way.