Tools to Identify and Mitigate Risks

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Risk management in corporate treasury is more important than ever in the Covid-19 crisis context. Even though the first wave of recovery is in sight, the development of the economy is highly uncertain. Along with the risk of a new infection wave, companies are impacted on more levels than before.

That’s why it is important to define risk areas and use scenarios to check what effects the current situation could have on the company. Depending on the intensity of the effects, the list of measures must be adjusted from scenario to scenario.

On behalf of the European Association of Corporate Treasurers (EACT), The Verband Deutscher Treasurer e.V. Risk Management-group prepared a report that specifies a risk matrix centered around potential sources of risk: Operational Risk, Liquidity Risk, Credit Risk, FX Exposure Risk, and Interest Rate Risk.

The matrix lists the risks listed above, explains what each involves and offers a checklist for each. Details…

QR Invoice Scanning with Bellin TM5

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Finanzmitarbeiter in Schweizer Firmen scannen seit dem 1. Juli erhaltene Rechnungen mit einem QR-Code in ihr ERP System. Bisher wurden die sogenannten Orangen Zahlscheine für die Kreditoren-Lieferanten-Zahlläufe eingescannt.

Für dringliche Zahlungen gibt es neu auch für das Bellin tm5 dieses Scanning und die Zahlung kann im tm5 wie andere manuelle Zahlungen freigeben werden.

English:
Accounting staff within Swiss companies have been scanning invoices (since July 1, 2020) into their ERP system if the invoice was issued with a QR-code. For years, the “orange” payment slips were also scanned into the Supply Chain for the ERP. For manual or urgent payments, you can now also scan these into the Bellin tm5 and then release the payment in tm5 like other manual payments.