Global industrial services company Hertel is using Vallstein’s WalletSizing services to determine a new banking strategy. With the impact of the credit crunch having severely disrupted the global economy and financial services landscape, Hertel faced the challenge of having to restructure its banking relationships as the company had been left with ineffective and unsuitable banking services. In order to evaluate the market and understand what bank relationship management (BRM)-strategy would work best, Hertel turned to Vallstein for business intelligence and its WalletSizing technology.
Leveraging the WalletSizing solution and concept, Vallstein helped Hertel to identify suitable banking partners, as well as providing an actionable analysis of Hertel’s treasury business, including full transparency on banking revenues and risks. This enabled Hertel to position the value of its own wallet, i.e. what value the company posed and how attractive the company was to a bank. With the support of Vallstein, Hertel was able to define and implement its new banking strategy for financing, cash (working capital) and risk management on an international basis.
“What is so unique about Vallstein, is the combination of banking expertise and a proven software solution that offers rock solid information on pricing, rates and risks of our banking landscape,” said Gentianna Weeda, head of treasury at Hertel. “With information and support from Vallstein, we were able to quickly determine our bank of choice as well as to negotiate an effective price and rate structure.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more