Best practice: Process-optimized receivables financing as a real game changer in treasury In our interview, Christian Hogenmüller, Senior Director and Head of Corporate Treasury, explains why instead of 11 accountants, only one employee is now handling the sales of receivables at Zumtobel Group. Since 2018 the leading provider of innovative, high-quality lighting solutions and components is using structured receivables financing. In this transaction, eleven Zumtobel Group companies based in Austria, Germany, France, the UK and Australia sell trade receivables to us on a two-week basis. The processing of the transaction is highly automated. #MakeItHappen #BestPractice
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The Finance and Leasing industry is bifurcated into finance-focused and leasing-focused companies, with finance leases being predominant. Major players in the finance-focused segment include Credit Direct Limited and Zedvance Finance Limited, while C & I Leasing Plc and A & A Global Leasing Services Limited are major players in the leasing space. Looking ahead to 2024, the industry faces a somewhat pessimistic outlook due to lower disposable incomes, higher funding costs, and elevated interest rates. Click the link below to continue, or email us at marketing@agusto.com to subscribe to the Finance and Leasing Industry report. https://lnkd.in/dveKPweY
Finance & Leasing Industry Report
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If you own a business but don’t know what the cash conversion cycle (CCC) is, then you are missing out on opportunities to increase your cash flow and profitability. The good news is that in today’s post, we tell you everything you need to know about CCC. #factoring #cashconversioncycle https://lnkd.in/gr-kiBWd
What Is the Cash Conversion Cycle? - ACS Factors
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I Help 6-8 Figure Companies Save Money, Boost Profits And Plan For The Future. Tired Of Worrying About Your Business Finances? Fractional CFO
In uncertain times, cash flow management is more important than ever. While businesses cannot control external factors, they can implement strategies to improve their cash flow. These strategies include reducing expenses, negotiating with suppliers, and optimizing cash inflows through a variety of means such as offering early payment discounts or implementing a more aggressive collections process. #cashflow #cashflowmanagement
Council Post: Tips For Improving Cash Flow Management In Uncertain Times
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Unlock the future of business finance with invoice factoring trends! Explore the evolution of this centuries-old cash flow solution. From digitalization to enhanced accessibility, regulatory changes to globalization, discover how the industry adapts to the changing economic landscape. Stay ahead in business finance with New Century Financial: https://bit.ly/49Vmjzc
Predicting Industry Trends: The Future of Invoice Factoring - New Century Financial
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Do you know how long it takes your business to convert its invoices into cash? If you don't, you're missing out on a valuable opportunity to improve your cash flow. Your cash conversion cycle (CCC) is the average number of days it takes you to collect receivables from your customers after you make a sale. A shorter CCC means that you have more cash on hand, which you can use to invest in your business, expand your operations, or pay down debt. In this blog post, we share 5 tips to help you reduce your CCC. These tips are based on the experiences of our customers, and they can help you boost your bottom line. To read the full blog post and learn more about how to reduce your CCC, click here: https://hubs.la/Q01ZLlkr0 #FinancialManagement #AccountingSoftware #FinanceAutomation #CashFlow
5 Tips to Reduce Your Cash Conversion Cycle
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Our latest client is an energy provider that required selective invoice finance in order to offer credit terms to a new customer. The 30 day payment terms, which are standard in this industry, would have caused a number of cashflow issues had a facility not been implemented. By having access to this £150k facility, they can offer credit terms and grow their business with confidence #invoicefinance #invoicefactoring #workingcapital #cashflow #businessfinance
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Do these expenses look familiar? 🏦 banking fees 🚛 transportation fees 🧾 insurance premiums 🛠️ maintenance fees 💸 other overhead expenses Some cash handling services believe that moving money from your business to the bank requires nickel and diming you every step along the way. Integrated Cash Logistics gets it all done with one daily flat rate. No surcharges, no surprises. Check out our blog to learn more about the ICL difference. #cashmanagement #cashhandling #moneymanagement
7 Fees to Expect With Other Cash Handling Services | ICL
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#ctp #treasurymanagement #smarttrain Cash conversion cycle |Cash collection period | Collection float *** Collection float is the time interval between when the payer mails a check and when the funds are available for use or the time interval between then the payer makes payment and when the funds are available for use (if the company does not use check for payment) *** Normally, when calculating cash conversion cycle, the following formula is applied: Cash conversion cycle (CCC) = trade receivables turnover days + inventory turnover days - trade payable turnover days *** Including in the formula: trade receivables turnover days normally will be calculated by the formula: Receivables turnover days = average receivables / annual sales x 365 days *** In order to improve CCC by reducing trade receivables turnover days, a whole process from the time the customers place sales order until the time money is credit in your bank account and cash is available to use should be taken into consideration together with reviewing payment term. *** Let go through the following examples: *** Example 1: The payment term: 45 days after invoice date. Sales orders are placed twice per week and sales invoice will be issued within first 5 days of next months. Let say: the sales order will be placed on the 5th and 20th every month. The actual collection days will be: Sales order 1: 5 Mar. T Sales order 2: 20 Mar T+ 15 Invoice date: 5 Apr. T + 30 Payment date: 20 May. T + 75 *** Example 2: The payment term: pay immediately when goods are delivered to customers warehouse Customer places order: T Internal process to receive sales order and proceed: T+ 5 Goods are delivered and cash is credit : T + 10 (Assume goods are available in warehouse) The longer time the internal process is taken the higher financial expense the company has to bear. *** Example 3: F&B chain, cash sales is credit to bank account the next following day If sales per day per store is 100 mio VND, the company has 10 stores, everyday 1 bio VND is out of the company account. Let say interest rate is 10% pa, 1 bio VN x 10% = 100 mio VND , is the company financial expense. Let take a step to review the internal process, payment terms and calculate cash collection days to find a solution to shorten collection period, reduce financial expense and improve overall bottom-line performance. A treasurer plays an important role to manage the company's cashflow and improve financial performance in overall.
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Do these expenses look familiar? 🏦 banking fees 🚛 transportation fees 🧾 insurance premiums 🛠️ maintenance fees 💸 other overhead costs Some cash handling services believe moving money from your business to the bank requires nickel and diming you every step along the way. Instead, Integrated Cash Logistics gets it all done with one daily flat rate. No surcharges, no surprises. Are you ready for the ICL difference? #cashmanagement #moneymanagement #cashhandling
7 Fees to Expect With Other Cash Handling Services | ICL
https://integratedcashlogistics.com
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FNBO | All About Payments ♦ Third-Party Payment Processing ♦ Fintech Partnership Solutions ♦ Making Connections
Modernizing and monetizing your entire commercial payments process is essential to ensure you are maximizing your cash flow and liquidy needs. This is critical for success in today's financial environment. #FNBO can help and it is easier than you think. Carrie Zoucha Barry Gideon Ryan Whiteley Clay Carroll Collin Uhrich
Late Payments Push 64% of CFOs to Modernize Accounts Receivables
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