ACE Software Solutions, specialist in intelligent financial transaction management and sanctions compliance technology for banks and corporates, said that Equens, the first pan-European full-service payment processor, is offering the Dutch business community conversion services based on ACE’s PelicanPay.
Equens offers three separate modules that businesses and organisations can purchase either individually or combined. With format conversion, the current format in the Netherlands for transfers and direct debits (ClieOp) is converted to the new single euro payments area (SEPA) format. Transaction delivery enables businesses to send transactions to one or more banks via Equens.
The third service, account and processing information, enables full reconciliation of payments with bank statements in various bank specific formats into one single report.
“We took the decision to work with ACE not only because they are experts in the field of payments, but also because they have a proven track record in developing solutions addressing corporate needs,” said Jan Sonneveld, chief operating officer (COO), Equens. “We look forward to a long term partnership.”
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.