Products & services

Put simply, business processes describe the order in which we do our work. This often requires an overview of the factors influencing your organization’s processes and people, and a full understanding of the business and its systems. Your challenge is to find and maintain the optimal business process over time for your company.

Looking at business processes from a Treasury point of view, the Treasury department is dependent on information from other units for forecasts for hedging. If these processes are not followed or not optimised, then the accuracy and level of information received will disappear fast.

Hence, it is important that these processes are well-defined, well-executed, and well-supported, in order to automate as much as possible.

Nasarius has many years of experience helping companies to improve their business processes and implementing projects to let clients realize their full potential. We constantly add to our knowledge through the projects in which we participate and the development of our consultants.

Our projects can be technical in nature, or involve only process change and optimization, but most often it is a combination of the two. Nasarius can cover both in the process of adding value for our customers.

A track record of running projects gives the project team a good basis for starting new projects with a clear direction and goal. Our experience will ensure you reach your targets in a controlled and sustainable way.

Nasarius runs and participate in projects as a natural part of our business. As a result, we have extensive experience of managing projects at all phases, from preparation to roll-out.

Our clients gain from this knowledge, which lets us guide them throughout their projects. We understand the complexity of the stakeholders involved at all levels, from business and process managers to IT departments.

We have templates and best practices for managing projects, enabling Nasarius to provide a comprehensive and structured approach to any type of project – whether large or small in size or complexity.

We divide day-to-day Treasury operations into three main areas:
• Funding
• Cash & Liquidity Management
• Risk Management

Funding

Funding is an important part of a Treasury department’s work. It involves securing access to sufficient funds to operate the company, externally or internally, and providing these funds at the lowest possible cost.

Cash & Liquidity Management

A well-functioning Treasury department has full knowledge of the company’s current and future liquidity at all times so the company has sufficient funds to operate. Optimising the balance between surplus cash and sufficient cash to run the business is part of the daily business of Treasury.

Risk Management

The potential financial risks for the company – which can include FX risk, interest-rate risk, counterparty risk and commodity risk – are analysed and hedged by Treasury according to the mandate provided.

We can advise on designing and building reliable strategies to improve your company’s Treasury and Cash Management processes.

Depending on the individual needs of your Treasury department, Nasarius can help with the following:
• System and vendor selection
• Optimization of Treasury & Cash Management processes
• Implementation and upgrade of Treasury & Cash Management systems
• On-going support for your Treasury & Cash Management solution

System and vendor selection

Nasarius is often used by companies as a trusted adviser for system and vendor selection processes, which can include building tender material, invitation to tenders, and reviewing offers. We being with your requirements, provide support throughout the tender process, and finally help analyse the system or vendor to give you the optimal decision.

Optimization of Treasury & Cash Management processes

Using Nasarius to optimise your Treasury processes will give you a partner with deep knowledge of Treasury and Cash Management. Nasarius has a long track record in re-designing and re-engineering these financial processes. Incorporating a new design or solution correctly is important to achieve the planned benefits, and Nasarius helps corporates with change management and rollout of new solutions and processes.

Implementation and upgrade of Treasury & Cash Management systems

Treasury processes need implementation support from specialised IT systems and modules. Nasarius has extensive experience of implementing Treasury and Cash management systems. Our implementation service covers initial specification, project preparation, design, configuration, testing, documentation, training, cut-over and go-live support. Regardless of the complexity of your implementation, Nasarius can provide the help you need.

On-going support for your Treasury & Cash Management solution

Finally, support for your new or on-going Treasury and Cash management application is important to ensure a robust solution. Nasarius provides post go-live support with a hotline for end users or technical support staff. Our strong support concept helps users to solve their problems quickly, with reaction times as low as four hours.

The recent mantra for companies to rationalize their banking relations to an absolute minimum – ideally to just one – has been somewhat superseded by a more general objective to provide companies with the banking services they need for their daily business, while at the same time minimizing risk.

The challenges faced when looking to optimize your banking set-up and connections are many and varied, and require a strong and knowledgeable partner to help you structuring the process and provide a sound basis for your decisions.

Our strong track record is testament to the fact that companies value the involvement of Nasarius as a force in the process of selecting their banking partners.

We offer the following services (among others):

• Analyzing the business cash flows and structuring the data
• Evaluating particular business requirements based on collected data, geographical spread, and special needs
• Building Request For Proposals (RFPs) material and Request For Quotations (RFQs)
• Examining and evaluating RFP replies from the banks to match business requirements with banking services
• Providing the corporate with a structured report on the differences (capabilities, price and technical setup)

Note the actual selection and mandating of the final banking partners is always the decision of the company’s Treasury department.

An In-House Bank can centralize all your outgoing and incoming payments to counterparties like vendors and customers. Using an In-House Bank often reduces the number of bank connections you need and streamlines your payment processes.

An In-House Bank lets you achieve automated processes with high straight-through processing (STP). In addition, it adds transparency and central control to payment processes, and reduces the risk of fraud.

Furthermore, an In-House Bank can be used to settle inter-company payments without using external banks. Settlements do not involve physical cash, allowing for rapid settlement and reconciliation, and no loss of value days.

Finally, an In-House Bank can be linked to cash and liquidity management and the set-up of zero-balancing cash pools. This lets you automate the recording and reconciliation of sweeping and funding transactions.

Organizing an In-House Bank can meet opposition from corporate subsidiaries around the world. However, Nasarius has practical experience of rolling out In-House Banks and can help you embed the advantages in subsidiaries through a strong change management plan.

An In-House Bank usually requires optimising corporate bank relationships and bank account structure. Nasarius helps you finding the optimal mix of banks and bank accounts for your In-House Bank set-up, using our expert knowledge and long track record of implementation.

In relation to selecting the right system solution for your In-House Bank, Nasarius can support you through the entire process, including the system tender and throughout implementation. Nasarius has one of the longest track records in the market of implementing in-House Banks (i.e. SAP-IHC module).

Implementing an In-House Bank will require legal discussion around taxation and restrictions on money movements. Nasarius has vast knowledge and experience of supporting discussions around these concepts, benefiting our customers at every step of the way.

A large and expanding array of messages flow between companies and their banks, including payment instructions, status messages, and bank reconciliation information.

The securing of effective bank connectivity is important in relation to fraud and hacking, to prevent any unauthorized person accessing or altering the data in the files being sent between the company and the bank.

As well as ensuring high level security on bank connectivity, the interfaces must be robust and reliable as they are vital in the day-to-day operations of businesses. A breakdown in the bank connectivity, particularly at a time of important deadlines could clearly damage your company’s reputation and lead to delay in the supply chain.

Nasarius has extensive experience in implementing electronic bank connections to many different banks using a large number of formats, security protocols and communication methods.

We have implemented all aspects of the bank connectivity chain – from the set-up in the ERP systems (e.g. SAP Payment Medium Workbench) to communication platform on the corporate side, including communication and security.

Our strong track record of implementations have led to us establishing a high level of knowledge of the formats and standards that form the basis of financial bank interfacing, including EDIFACT, SWIFT, XML20022 and other local formats, as well as the different variants of the formats, needed by the banks.

Nasarius has been awarded with the SWIFTReady Consultancy certificate. The assessment has been done by SWIFT, who has found that Nasarius has the highest knowledge of SWIFT for corporates and a supreme experience in bank connectivity.

Nasarius helps corporates of all sizes to examine the value of SWIFTNet connectivity and to create a business case. We evaluate the financial side of SWIFTNet connectivity as well as helping you to estimate the value of other benefits such as increased flexibility when it comes to changing banks. In the business case we also include the non-quantifiable benefits and risks and identify any single points of failure.

Further, we help to evaluate whether SWIFTNet connectivity should be done as an independent project or whether you should wait until other projects require changes to the connections such as a system upgrade or change of your house banks.

Today most corporates use a SWIFT Service Bureau for the connectivity. Nasarius helps you to select the right connectivity partner according to your requirements.

Additionally, Nasarius arranges information events for corporates that would like to know more about SWIFTNet connectivity, identifying what is essential for their company.

You can get further information about SWIFT for corporates here: www.swift.com/corporates

OTC

Analysing and optimising the OTC process, including incoming payments, is a key step on the road to improving efficiency and cutting costs. Improvements here can often support increased Straight- Through Processing (STP) and automated clearing.

Depending on your system and your use of collection factories, an optimisation project can often contribute to your profits on an ongoing basis, generating a quick return on initial investment.

PTP

The challenges of the PTP process, including outgoing payments, can be linked back to the original master data and process steps before the payment. In many cases, improvement projects start by analysing the payment approval process. Once the payment process is optimised and automated through process and system changes, the degree of STP will be higher, usually allowing for cost savings.

Working capital

Examining working capital needs throughout your company is an important task to reduce capital bindings in the day-to-day processes. Along with cash management, keeping working capital at the correct level can help cut costs. Often, analysing a company’s working capital needs can reveal the correct level for capital and bindings.

Nasarius helps companies optimize the cash-related parts of their OTC and PTP processes. Our improvement projects include analysis of the current processes and system set-up, design of options for optimization, and implementation of the chosen initiatives.

In relation to working capital, Nasarius has a strong approach via the Nasarius Working Capital Management concept. Through this concept we help companies like yours find spare cash by analyzing where capital is trapped, how conditions can be improved (Days Sales Outstanding (DSO) and Days Purchase Outstanding (DPO)), and where processes can be enhanced.

Finally, we can help you continuously monitor and improve working capital with ongoing evaluation and the development of company-specific key performance indicators. As a result, you can always be certain where you are as a company, and continuously optimize and improve your working capital position.