Trésorier/Treasurer magazine - N°92 - Jan/Fev/Mar 2016 - (Page 62)
15 MINUTES WITH...
- Could you please introduce yourself and
the company you're working for?
LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE - N°92 - JAN /
FEB / MAR 2016
My name is Huub Wevers and I have had a long banking career
in the area of Corporate Banking and in particular Transaction
Banking. I have always been working on the combination of
banking and technology. I currently work for a small Financial
Technology firm called Vallstein which specialises since its creation in 2000 in Bank Relationship Management software and
services. We have a system called WalletSizing®.
I have recently been involved in developing a module for Bank
Fee Analysis to allow Corporates to reconcile the original
contractual bank agreements with the invoices they receive
from their banks.
- So I understand you are a specialist in Bank Fee
Can you explain what your solution is aiming at?
It allows corporates to understand the complete wallet they
spend on all their banking products and the return the banks are
making on them as a corporate client. In order to understand if
the banks are making a fair return and the banking business is
spread across the banks as planned. Our new module Bank Fee
Analysis allows corporates to reconcile the invoices they get
from the banks with their original contractual agreements. Bank
Fee Analysis is all about Cash Management.
- What are the most common objectives
you normally deliver in Bank Fee Analysis projects?
The most common reasons we do a project is because a corporate wishes to get a better understanding on their direct banks
costs because they feel that banks have not implemented the
agreements correctly or either way the invoicing is not correct.
Instead of doing an excel exercise which is typically one-off,
difficult to execute in case of multiple bank accounts across
different entities and geographies, and let alone complex to
maintain, they wish to automate it.
- What is TWIST/CAMT.086 exactly?
The ISO 20022 camt.086 BSB message version of the TWIST BSB
(Bank Services Billing) is three years old and at this moment
there are 15+ banks supporting it. It is an XML format that
delivers the invoice in a structured way, allowing corporates
and vendors to read the invoice and analyse it. The CAMT.086
format is the ISO standard of the TWIST BSB initiative and
emerging as the main standard.
- Is Bank Fee Analysis only about Cash Management?
What about all other Bank products?
Yes, Bank Fee Analysis is only about Cash Management. Bear in
mind though that this represents +/- 75% of the debit entries that corporates see from their banks. This is in volume
off course because when reviewing the total cost it typically
represents anywhere between 5-20% of the total banking costs
in the case of a full wallet including debt and hidden costs like
margins on credit and FX. For this reason we very often do a full
review for all banking products once bank fee analysis has been
- How do you measure success in your field
and potential savings for your customers?
- When do you think there will be one standard
invoice format supported by all banks?
The format is there, being the TWIST/CAM.086 format, very
much being adopted as the standard for bank invoicing for Cash
Management. The question right now is the speed of adaptation
and the usual details that have a great impact on the practicality
of the standard, like standard transaction codes. Currently we
are typically using all sorts of (bank generated) excel spreadsheets or other structured files to upload and map into our
system. This works, but having one format would make things
We consider a project a success when corporates get full transparency on their bank costs, both in correcting errors as in ensuring banks get a fair return. This obviously leads to substantial
cost savings on the side of the corporate client. Equally important, a successful project leads to a much better and professional
relationship with your bank. Because the numbers are clear, the
reviews can focus on improving both these numbers and the
qualitative aspects of the relationship.
Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°92 - Jan/Fev/Mar 2016
Table of contents
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Anni Mykkanen, Policy Advisor EACT
Trésorier d'entreprise : homme- orchestre ou nouveau Business Partner?
IFRS 9: Time to prepare
Uberization' of the economy
What if the new regulations were a new source of risk?
Risk and compliance
Is it really your CEO asking for that offshore transfer?
Navigation par gros temps : budgétez vos risques
Commodity risk management
Identity and access management
Enabling treasury transformation
Treasury survey: the dynamics of change in treasury
The perfect solution for portfolio management
Meeting market liquidity needs
Automatiser la gestion des comptes bancaires
The age of business simplification is upon us
15 MINUTES WITH Vallstein
THE FINANCIAL RISK OBSERVATORY
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°92 - Jan/Fev/Mar 2016