Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016 - (Page 58)
15 MINUTES WITH...
- Could you please introduce O2 Finance ?
Olivier and I worked for more than 20 years for PwC
where we held leadership roles in the Corporate Treasury consulting practice. We had the dream of creating
our own consulting company to be able to serve clients
in a different way, with a focus on providing experience
and expertise at a reasonable price. We created O2
Finance 18 months ago. We are now 6 consultants and
aim for 10 in one year.
LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE
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AUG / SEP 2016
- Which topics are keeping Treasurers busy?
There is of course no need for new challenges to keep Treasurers
busy given the limited size of their team and the operational
and business demands they are confronted with. Treasurers
constantly seek to improve and optimise. It takes a lot of energy
to run the show and deliver projects at the same time. We have a
lot of admiration and respect for that.
We are working on large Treasury re-engineering and re-design
projects on the back of M&A deals or ERP implementations.
There are of course also projects in the cash management and
the payment factory space, in treasury systems selection and
implementations. Finally, we see treasurers assessing the need
to put in place centralised commodity price risk management
- How do you measure success?
Our absolute priority is client satisfaction and building strong
relationships for the long term. We want our relationship with
clients to be a true win-win. Our objective is to give a fresh and
creative perspective to client challenges and to build together
pragmatic solutions that truly fit the size and the environment
of the company. Olivier and I are now much more on the field
than before and are totally focused on helping clients. We
measure success by the confidence that clients put in our relationship and the fact that they come back to us when needed.
- What challenges will Treasurers be confronted
with over next years?
There is no doubt that the key focus will remain on increasing
efficiency through further centralisation and extension of the
scope and the reach of the in-house bank services offered to business units. This can only be delivered via integration of Treasury system with ERP platform. This is a very difficult challenge
in view of the ever-changing consolidation scope, the complexity of this type of project and limited resources available.
We are also concerned by the low if not negative interest rate
environment, which artificially inflates equity and bond prices.
We are concerned about the impacts this will have on financial
institutions should the situation last for a few years. This comes
on top of the difficulty of meeting ROE targets as a result of the
solvency requirements. This is likely to affect how Banks and
Corporates work together.
We observe a growing interest for commodity risk management,
and reflections about what companies should do in this respect
and how far they should go. We have led several successful projects for leading multinationals in this area, capitalising on the
complementary expertise of procurement, sales and treasury
teams. The challenge of this type of project is for Procurement
and Treasury to speak the same language and for Procurement
to understand what financial risks are, where they are embedded, and how they can be managed. Change management
and education are essential in this type of project.
We see also growing interest for a meaningful implementation of
Enterprise Risk Management and for the opportunities offered
by the replacement of IAS 39 by IFRS 9 as from 2018.
- How can O2 Finance help?
We would be pleased to discuss any of those topics with Treasurers and assess if and how we can help. There is no standard
approach that fits every company. We are strong believer in
approaches tailored to the needs and the environment of the
company, although tools and methodologies are of course reused. Our interventions can be very focused and strategic or be
of a long-term nature for large change projects.
Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016
Table of contents
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Philippe Gelis - Kantox - Fintech and the future of banks
Lost in transformation
Everything has a price – a transfer price
Treasury Survey - an unprecedented picture of treasury activities in Luxembourg
The impact of negative rates on Treasury and Risks Management Systems
Towards reporting harmonisation?
Understanding the Treasury impact of BEPS
Impacts of Single Resolution Mechanism and Bail-in for European Banks
Supply chain? Not concerned?
Collateral management and the Corporate Treasury function.
Efficiently Managing Cross-Border Payments in Turbulent Times
How Mid-Market Companies Can Efficiently Manage Enterprise-wide FX Risk as they Grow
Investing surplus cash in repos
A wind of technology changes in the treasury management world
Invoicing can be fun….?
Comment améliorer la performance des fonds de pension européens
15 MINUTES WITH O2Finance
THE FINANCIAL RISK OBSERVATORY
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°94 - Juil/Août/Sept 2016