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Integrated Treasury Solution in the cloud

Integrated Treasury Solution in the cloud. DACT, 8th November 2013. Arnold Voet Robert Jan Wekking Director Treasury Managing Partner Van Gansewinkel Enigma Consulting. Contents. About Enigma Consulting About Van Gansewinkel Vision & Objectives Solution & Lessons learned

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Integrated Treasury Solution in the cloud

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  1. Integrated Treasury Solution in the cloud • DACT, 8th November 2013 • Arnold Voet Robert Jan Wekking • Director Treasury Managing Partner • Van Gansewinkel Enigma Consulting

  2. Contents About Enigma Consulting About Van Gansewinkel Vision & Objectives Solution & Lessons learned Benefits achieved & Next Steps

  3. About Enigma Consulting • Consultancy firm, 100% independent, Founded in 1997 • Specialized in Payments, Treasury and Risk • 60 highly qualified professionals • Combines Advisory and Implementation, with focus on end-to-end financial processes • Matchmaker between solution providers and clients • Authorized BELLIN tm5Partner in the Netherlands

  4. About Van Gansewinkel

  5. Keyfacts & figures About Van Gansewinkel • 3.14 • MILLION TONS OF CO2PREVENTED IN THE CHAIN • 1,865 • VEHICLES • 5,350 • EMPLOYEES • (EXCL. TEMPS) • 8.2 • CUSTOMER • SATISFACTION RATING 2012 • MARKET LEADER IN THE BENELUX • MORE THAN • 120,000 • B2B CUSTOMERS • €1,0 • BILLION • REVENUE • CLOSE TO • 2 MILLION • HOUSEHOLDS • €146 • MILLION EBITDAE

  6. VGG Treasury 2013 Highlights • €1,5 bln refinancing of the Group at 6x EBITDA leverage • Sale of AVR incineration business to CKI (>€900 mln) • €50 mln Off Balance KBC receivables factoring program • Reduction Cash Management banks from 4 to 2 • Implementation of a Group wide Credit Insurance • Implementation of BELLIN tm5 • SEPA & Swift Payment Hub (in progress)

  7. Vision & Objectives

  8. 9 How it all comes together

  9. VGG Objectives Integrated Solution Treasury Management Payment HUB • Control • Moving away from spreadsheets • Immediate access to Treasury related data of • 65 entities in 40 ERP applications • Reduce FTE by straight through processing • Reduce errors & risks • Deal Capturing • Term Loans, IRS, Commodities • Guarantees, Lease contracts • Mark to Market valuation • Interest rate swaps • Hedge accounting support • Availability of Cash • All accounts of the Group to be included in the • central ZB pool • Visibility on Cash • Improved Cash Forecasting based on accurate • Data • Independent Bank connectivity • Reducing lock in cost • Reduce Cash Management Cost • Payments / Receipts on behalf • SEPA file conversion

  10. Solution & Lessons learned

  11. Treasury and Payment Hub in the Cloud • Treasury Management System – BELLIN tm5 • Bank Connectivity – direct SWIFT connection via BELLIN tm5 • SEPA file conversion & mandate management - Sentenial

  12. Solution Footprint

  13. Lessons Learned • Cloud application is Plug and Play • BELLIN tm5 live in 2 to 3 weeks (core Treasury) • SWIFT connection live in ± 2 months (apart from SWIFT registration process) Banks support is critical to meet deadlines • No additional soft- and hardware, limited impact on IT resources • Enigma knowledge to redesign the original operating model • Getting it approved internally turned out an important hurdle • Project management needed to manage 2 software suppliers, 2 banks and SWIFT • Impact SEPA format conversion bigger than anticipated 7.1% 10.3% 64.9% 17.7%

  14. Benefits achieved & Next Steps

  15. Benefits achieved as per 1 November

  16. What’s next • ERP Rationalization • the new (cloud) infrastructure supports a step-by-step approach to independently migrate to new ERP infrastructure • SEPA from conversion service to integration in ERP systems • Eliminate paper flow and implement eMandates • Payment Processing Optimization • “On Behalf” Payments and Receipts • Simplify to single account per country for VGG

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