News

A strategic approach and why traditional hedging may increase your risk

Thursday, 6 February 2020, 08:30 – 11:30 Den Sorte Diamant (The Royal Library) Søren Kierkegaards Plads 1, DK-1219 Copenhagen

Start the year by joining this business breakfast seminar on FX Risk Management, February 6, 2020. Seats are limited, so register now to secure your spot!

With increased globalisation and market turmoil FX Risk Management has never been more important, and yet many corporations struggle to get on top of this important discipline of treasury.

This breakfast seminar will give you the opportunity to learn from the experts from Bloomberg and FireApps, as well as practical real-life examples from Maersk Group.

To register please visit this link or reply to this email. You are welcome to share the invitation with your colleagues. The agenda for the day (all presentations will be in English):

We are looking forward to an inspirational morning!

infiniance is delighted to be well into its first implementation of Kyriba at a European-based company. The project – expected to go-live in Q2 next year at the financial services firm – includes setting up and integrating cash management reporting from over 20 banks, as well as payment interfaces to 7 banks based on Kyriba’s seamless connection with SWIFT. The project will also establish a direct API-based interface to the company’s ERP system for cash flows and accounting entries.

Last week Sushma Gupta completed the Kyriba COE Payments intensive training and excruciating exam with flying colours.

Periodic closing of the books and timely financial reporting are not new requirements. But with the accelerating pace of business, the finance department has to deliver faster, reliable data, and with full transparency and compliant with regulatory requirements!

CFO, anonymous

Which areas of your Enterprise System will potentially be impacted by Brexit?
There are many uncertainties about the nature of Brexit until the negotiations are complete, and the real effect on businesses may not be seen until implementation begins. As an SAP Finance Expert, we can see that many business processes will be affected by Brexit, such as operational data, business planning, payment, cash management, interest rates, invoicing and legal reporting. Heavy impacts on the configuration of ERP systems is to be anticipated. SAP released 33 notes about Brexit and all of these SAP notes discuss configuration changes that could be relevant to you, if your business operates in the UK and/or in the European Union.

In just a few weeks, the main event in the European Treasury & Finance Community is coming to Copenhagen! The topic of the year is The Resilient Treasury. Drop by our stand S23 to hear how we can help you with exactly that!

We are proud to announce new partnerships with two giants from the industry: Peter Storgaard and Rasmus Schiønning.

On September 26, 2019 we will host a business breakfast seminar on the topic of Payment Fraud and how to meet the challenges it presents. It is not a question if, but when and how, your company will be the target of fraudulent activities.
Given that the challenges of payment fraud need to be approached cross-functional, we encourage all CFO’s, treasurers, finance professionals, IT, and anyone else involved in your company’s payment processing to participate. 

Max Anderson, senior consultant at infiniance, recently gave the training course on Masterclass SAP S/4HANA Finance 1809 with success. Among other topics the course gave the participants a good insight to Finance, Controlling and Conversion. For more details on the course, check this link https://training.sap.com/course/wgs4fm-masterclass-sap-s4hana-finance-classroom-095-dk-zh/

A team of infiniance consultants are now certified with distinction in BELLIN tm5: System & Implementation. The certification allows infiniance to assist clients in the initial steps from scoping, design and implementation of the BELLIN tm5 treasury management system. We look forward to working with BELLIN for our clients in the Nordics.

Last week Morten Winther completed the Kyriba COE Payments 3-day intensive training and excruciating exam with flying colours.

“The pace of change has never been this fast, yet it will never be this slow again.” ¹⁾ 

Make the right choice the first time with the fixed-cost TMS Selection Workshop & RFP delivered by infiniance.

The market for treasury management systems is ever-changing. Vendors are consolidating, others are exiting, some are radically changing their platform, new disruptors are entering the market. And last but not least, the underlying technology is changing – fast.

This event is the first in a series of breakfast seminars which will be co-hosted by SAP and infiniance. The purpose is to bring SAP Treasury customers – current and potential – up-to-date on the latest improvements on S/4HANA and bridging the gaps to ECC (“old” SAP) so you can determine which projects to implement now, and which ones can wait until you are on the new S/4HANA platform.

Infiniance assisted the Client with a succesful implementation of SAP Treasury & Risk Management on SAP S/4HANA (1709).

As part of the project, infiniance have managed the initial proof-of-concept, blueprint designs, build and configuration, go-live, and hyper-care phases for SAP TRM, and the key deliverables were well-received by the business.

The deliverables included end-to-end transaction management for FX, deposits, loans, trade finance (guarantees and letters of credit), counterparty credit risk management, market data from Refinitiv DataScope (frm. Thomson Reuters), as well as trade confirmations and matching through SWIFT (MT300 and MT320 messages).

The project is now in post-go-live support.

Please contact us today, to hear more about the project and how we can assist you in your SAP Treasury projects!

As of 31st January, infiniance will now be residing in our new offices on Langelinie Allé 27B in Copenhagen, right on the well-know Langelinie Pier. The area has for centuries been a popular destination for excursions and strolls in Copenhagen, amazing ice cream, and in more recent times cruise ships arriving in Copenhagen also berth at Langelinie Pier.

It is with great pleasure that we can announce the appointment of Nels Mortensen as Partner at infiniance. During his two years with infiniance, Nels has shown that he is a capacity within treasury, and he is recognized by our clients for his strong consulting skills and competences. The appointment will also mean that Nels now will be a part of the Senior Management Team at infiniance.

Max has more than 14 years if experience with SAP Finance (FI), Management Accounting (CO), Project Systems (PS) and several other SAP modules, such as BW, REFX, SD, and MM. Lately, Max has been involved in implementation and migration projects to S/4HANA 1610.

At infiniance, Max’ focus will be S/4HANA, where he will part of our team of experts helping clients on their journey to the new SAP platform in the coming years.

A team of infiniance consultants recently completed the intensive 5-day Kyriba Core/Bank/Cash training course. The course finished with a 3-hour exam which needed to be passed to obtain the Kyriba Gold Level-certification.

Picture: ©FIS

A core team of consultants from infiniance have completed the FIS Integrity certification.

The certification will enable infiniance consultants to provide FIS Integrity clients with professional services and end-to-end implementations in cooperation with FIS’ experts.

Kasper Martinsen

Kasper has joined infiniance from 1 June as a consultant.

Kasper recently finished his Masters in Finance and Investments at Copenhagen Business School, and has previously worked 2 years as an financial analyst.

S/4HANA has finally started to gain traction in Scandinavia. We at infiniance look much forward to assisting existing and new customers in their transition to S/4HANA. With several S/4HANA-certified consultants in-house we are certainly prepared on our side.

På seminaret den 25. januar 2018 vil du kunne høre det nyeste indenfor SAP S/4HANA Finance, Treasury & Logistics. 

infiniance fortæller om ny funktionalitet i finansmodulerne indenfor Treasury og Cash Management i seneste udgave af S/4HANA.

NNIT deler deres erfaringer med Logistics på S/4HANA.

Endelig vil der blive givet eksempler på andre kunders rejse mod S/4HANA.  Vi ser frem til at byde jer velkommen til dette spændende seminar.

Tilmeld dig her

Treasury’s rolle har siden finanskrisen ændret karakter og er i de fleste virksomheder blevet en central del af vigtige beslutninger på det strategiske område. Treasury bliver involveret i f.eks. opkøb og frasalg, working capital, supply chain financing, etablering af shared service centres og meget mere. Samtidig er cash forecasting en stadig vigtigere del af treasury’s ansvar som beslutningsgrundlag for det strategiske arbejde. Derfor invitererer infiniance nu til vores næste kundeseminar i rækken, hvor vi vil komme rundt om netop disse emner.

infiniance will be providing hands-on services to the company, which is in the process of being spun-off from their parent company. This means a whole new treasury setup is being established with a new organisation, new processes, new bank setup as well as a selection and implementation of a new treasury management system. The purpose is to make the organisation ready as a stand-alone operation in preparation of the split.

This task is part of our Treasury-as-a-Service offering, where we can deliver the knowledge, experience, and resources to corporate treasuries of all sizes, for shorter or longer periods of time. Contact us today to learn more.

infiniance styrker sin position indenfor strategisk treasury rådgivning og indgår fra dags dato en samarbejdsaftale med Simon H. Hoffmann fra Treasurer.dk. Parterne vil således kunne trække på hinandens kompetencer og ressourcer på relevante kundeopgaver indenfor corporate treasury.

Flere treasury afdelinger oplever et stigende arbejdspres, og skal jonglere de daglige opgaver samtidig med der skal tænkes strategisk, gennemføres nye initiativer, projekter, og leveres kritisk rapportering til ledelsen. Der kan være store operationelle risici forbundet med et underbemandet treasury. Det kan være svært at danne sig det nødvendige overblik over opgaverne, og ofte foranlediger man sig på få kritiske nøgle-ressourcer.

Infiniance kan tilbyde kvalificerede interim treasury ressourcer – vi kalder det ”Treasury-as-a-Service”.

Sæt allerede nu kryds i kalenderen d. 15. september 2017, hvor infiniance afholder formiddags-seminar på Børsen i København. Så hold øje her og kontakt os hvis du vil have invitationen sendt direkte!

As of May 31, infiniance will be moving to new exciting offices, as we will join the Copenhagen FinTech Lab based on Applebys Plads 7, Copenhagen.

We are looking forward to getting even closer to the fintech scene and be inspired by the ”younger” start-ups and disruptors, and hopefully teach them an old trick or two. For more on our new location and neighbours check this: http://fintechlab.dk/residents

After the summer break, we will invite clients, partners and colleagues for a housewarming and show our new offices. So, watch this space!

Infiniance er til stede når dørene slås op til Insight Events Cash & Treasury konference, d. 16. og 17. maj 2017 i Charlottehaven.

De to dage er fyldt med mange spændende indlæg fra treasury eksperter fra de største danske virksomheder. Så der er gode muligheder for at udvide sin faglige kompetence og sit professionelle netværk.

Programmet for de to dage kan ses her: http://insightevents.dk/cashandtreasury/

Vi ser frem til at møde jer på vores stand på dagen!

The market for treasury management systems is in revolt! New vendors are disrupting the market, incumbents consolidate, and total cost of ownership is coming down. In this dynamic market it can be difficult to navigate the different options. Selecting and implementing a new treasury management solution is often a “once-in-a-career” project and should not be taken lightly.

To share our experiences and best-practise approach, infiniance invites you to attend this free-of-charge Treasury System Selection webinar on Wednesday, April 19^th from 10:00 to 11:00 CET.

Using the Treasury Snap-Check model – which has been developed by infiniance – we conduct a high-level end-to-end analysis of the Treasury department. The deliverables from the analysis include a number of concrete recommendations, a weighted cost-benefit implementation plan, and a scoring of the treasury performance against best-practise. The model is applicable to organisations of all sizes, and the best-practise target is accommodated to your peer group.

infiniance will be providing hands-on interim treasury assistance to the company, which has completed a significant acquisition. The objective is to prepare for integration of all treasury related activities in relation to acquisition, including bank accounts, cash pools, risk management processes and advisory services.

This task is part of the infiniance Treasury-as-a-Service (TaaS) offering, where we can deliver experience, resources, and systems to corporate treasuries of all sizes, for shorter or longer periods of time.

Contact us today to learn more about TaaS.

Vi er lead partner til den årligt tilbagevendende Treasury & Cash konference, der afholdes onsdag d. 15. marts i DGI Byen. Det er 7. år i træk konferencen kører, og sidste år blev konferencen besøgt af over 150 treasury professionelle fra hele landet – det forventes der kommer endnu flere i år.

Dagen byder på et intenst og spændende program med indlæg om bl.a. likviditetsoptimering når renten er nul, næste generation af in-house banking, et makroøkonomisk perspektiv, truslen fra cyber fraud og meget, meget mere.

Det fulde program for dagen kan ses her: http://talentumevents.se/treasury-cash-copenhagen

Vi ser frem til at møde jer på vores stand!

Kom og hør mere torsdag 23. februar 2017 på Den Sorte Diamant i København

Den 23. februar 2017 afholder infiniance et ½-dags seminar om de nye principper under IFRS 9 samt den nye skatteregulering som resultat af BEPS (”Base Erosion and Profit Shiftning initative”). Begge dele kan have gennemgribende indvirkning på treasury’s aktiviteter, politikker og struktur.

IFRS9 vil have indvirkning på virksomhedens afdæknings-politik og systemer, men åbner også for nye muligheder. Den nye standard træder i kraft for regnskaber som aflægges efter 1. januar 2018, så der ingen tid at spilde!

BEPS vil påvirke, hvordan man kan strukturere sin treasury-afdeling, intern långivning, intern bank og intern valuta og derivat-handel.

At the recent infiniance client event “Streamlining of Financial Processes” on November 29^th at Børsen in Copenhagen, Per Hjorth Poulsen, VP Group Treasury & IR, presented the voyage Vestas has just finalised in establishing a global in-house bank and payment factory.

Marianne Rørslev Bock, CFO hos Brdr. Hartmann A/S, holdt et oplæg om refinansiering af lån på infiniance’ kundeseminar i København d. 29. november 2016:

Baseret på en refinansieringsproces, med infiniance som ekstern rådgiver, gav Marianne inspiration til, hvordan små og mellemstore virksomheder med fordel kan låne af Best Practice fra de største virksomheder og opnå store gevinster, når der skal refinansieres bankgæld.

By Nels Mortensen, Partner & Principal Consultant at infiniance

Treasuries around the world are met with increasing demands from management, but often find themselves with insufficient resources – could Treasury-as-a-Service be a solution?

Infiniance seminar – afsluttet med yderst tilfredsstillende deltager response, som tilkendegav at agendaen var meget relevant, og at talerne leverede en professionel og spændende fremstilling af hver deres emne – (1) Per Hjorth Poulsen, VP Group Treasury & IR, Vestas: ”IHB & Payment Factory”, (2) Marianne Rørslev Bock, CFO: ”Refinansiering – Overvejelser & Processer”, (3) Henrik Bonnerup, Partner CFO, Polaris: ”Investeringsproces og Værdiudvikling”, (4) Lars Arne Christensen – Boardmember in Copenhagen FINTECH: ”Copenhagen FINTECH”

During the month of December, infiniance will be instructing the 2-day SAP S4/HANA Cash Management training course at several locations throughout Europe. For details on the course refer to the link below or contact infiniance to learn more!

infiniance afholder seminar på Børsen. 

Tirsdag D. 29. November, kl. 08.30 – 11.30.  

Tema: Streamlining af Finance – Funding og Investment Processer.  

Vi byder på et spændende program, hvor ledende finansfolk vil fortælle om deres egne erfaringer i forbindelse med streamlining af deres ”Finance – Funding og Investment” processer.

Vi byder på følgende program

Thomas Linnert, Head of financial planning & payment transaction at Lufthansa, elaborates on what to consider when selecting a cash flow forecasting system especially in terms of flexibility and simplification. He also touch upon how to manage the change management process when implementing a system that affect multible individual users and how to get them to buy-in to the idea.  

A smooth implementation within three months

infiniance will assist with: Design, implementation, test and go-live processes with a completion period of three months.

Recently, infiniance implemented SAP Treasury for a large Dutch food processing company within an agreed time plan of three months leading to increased operational efficiency and controls.

Thomas Linnert, Head of financial planning & payment transaction at Lufthansa.

In the capacity of infiniance´s membership of Copenhagen FinTech formerly known as CFIR, our Board leader at Infiniance, Lars Arne Christensen, has been elected as board member of Copenhagen FinTech, which is regarded as the Danish flagship within financial technology.

Listening to an update on the new functionalities of the SAP S/4 HANA Cash Mgmt system at the Treasury conference in Barcelona – infiniance looks forward to the next SAP training course we give on this topic in August at SAP UK.

We find the new Finanace and Treasury initiative SAP S/4 HANA very interesting, and we would be delighted to elaborate further on this new initiative with you at any given time.

Meet infiniance at the International SAP Conference for Treasury Management 2016 fair in Barcelona next week. Lone Kejser, Partner and Principal Consultant and Renatas Bruozis, Country Manager Baltic  and Senior Consultant, will be at the fair July 12-14th.
Book an appointment with Lone Kejser at lke@infiniance.com or Renatas Bruozis at rb@infiniance.com 

 We held a well-attended half-day treasury seminar in the beautiful and historical buildings of Børsen in Copenhagen with Jens Klarskov (CEO – Dansk Erhverv) as the moderator for our event.

The topics presented at the seminar were some of the current hot issues on treasures’ agenda – Treasury Intelligence, Governance, Risk & Compliance and Big Data

infiniance provided Novartis key technical resources and consulting advice from start to end of the Novartis Project for Cash Management and the development of an optimum Liquidity Management Solution.