flow: Recent Episodes
Deutsche Bank
The flow InCorporate Treasury Podcast series is designed for and with corporate treasurers. We are offering treasurers a stage from which to share their stories with the community and learn from peers. What are the latest achievements they have attained with their teams? Which projects are the most challenging ones and how are treasury departments finding solutions and building shared learning? The flow InCorporate Treasury Podcast covers the entire range of treasury skills and competencies – from managing cash and FX risks to making use of innovative technologies and implementing ESG strategies. Tune in and be part of it!
Over the last few years, Brazil has re-established its attractiveness to foreign investors. According to the World Investment Report 2023, FDI inflows into Brazil increased to US$86bn in 2022 compared to US$50.6bn one year earlier (+69.9%) which was the second-highest value ever recorded and the fifth worldwide.
Yet, for companies doing business in Brazil there are several challenges when it comes to financing local operations. Jeremy Hamon, Head of Group Finance, CFO, Primetals Technologies Treasury explains, “Brazil is peculiar because of its cross-border currency regulation preventing cash concentration partially with stamp duty for offshore deposits and a high withholding tax on interest income when doing intercompany financing.”
Moreover, adds Hamon, the Brazilian real is a non-transferrable currency which makes hedging for long-term maintenance contracts an “expensive challenge”. Primetals Technologies designs and builds plants for the metals industry and its Brazilian affiliate is a specialist in steel castors maintenance – which means it has long-term contracts with its customers.
In the light of all these challenges, how has Primetals still managed to set up an automated intercompany cross-border loan for its Brazilian affiliate? This comes close to a cash pooling structure with an FX component and therefore fulfills the requirements from the central treasury organisation. Tune into the new flow InCorporate Treasury podcast and learn more.
Driven by a young and aspirational middle class, digital consumption and travel
expenditures are booming in South-East Asia. A company that sits at the sweet
spot of these two trends is Tiket.com, one of the fastest growing online travel
agencies (OTA) in the world with more than 15 million app installations.
Founded in 2011, the Indonesian new economy company now cooperates with 140
airlines and 2.6 million accommodation providers.
Yet, acting as an intermediary between different parties creates multiple challenges
for the treasury function, explains Eddy Putra, Head of Treasury at Tiket.com. Given
the nature of travel, where booking is usually done in advance and settlement
to hotels is done only upon completion of travel, the company is exposed to FX
risks. It also faces multiple recurring cross-border payments to overseas hotels
which led to high fund transfer fees as well as manual processing.
How did the company address these challenges in a workflow automation project with
Deutsche Bank? Tune into the new flow InCorporateTreasury podcast and learn
more about this award-winning solution!
As more and more B2B companies are selling their products and services directly to the consumer, this changes the way in which payments are being made. At Swiss multinational healthcare company F. Hoffman-La Roche, business model transition began a couple of years ago in the diabetes care segment – and since then the number of business units that are addressing the patient directly has continually increased. So, what can treasurers do to support direct-to-consumer-models? And how can they ensure that the payment set-up remains efficient and secure in a digital world? In this episode, Group Treasurer Britta Döttger and Head of Treasury Operations, Martin Schlageter, share insights into Roche’s digital payment strategy and how a new project with Deutsche Bank is helping them to stay ahead of the curve. Tune into the new flow InCorporateTreasury Podcast and learn more!
Extreme events are getting more frequent – whether it is the outbreak of a global pandemic or the war in Ukraine. On this backdrop, being flexible and reacting quickly to new market conditions has become a key driver for a successful treasury organisation, and agility has become the new buzzword. But what does agile working actually mean for treasury departments and how can your organisation get there? In this episode, Steffen Diel, Head of Global Treasury at SAP explains when and why he kicked off an agile transformation project in his team, how he addresses concerns of employees and what the new concept demands from him personally. Tune into the new flow InCorporateTreasury podcast and learn more!
As the world went into the first Covid-19 lockdown in spring 2020, German semiconductor manufacturer Infineon managed the largest take-over in its history acquiring US competitor Cypress for an enterprise value of €9bn. In our first episode of the flow InCorporate Treasury Podcast, Alexander Foltin, Head of Treasury and Investor Relations at Infineon, explains how market turbulences affected the deal – but in particular he shares insights on how his treasury team is managing post-merger integration. Listen in and learn more about aligning treasury policies, integrating cash management structures and building trust in a remote work environment.