Building a FIrst Class Treasury Function for a Unicorn
Vinted & Orchard Finance
Taal: Engels

On a mission to make second-hand the #1 choice worldwide. Founded in 2008 in Vilnius Lithuania, Vinted is now the largest online international consumer-to-consumer marketplace in Europe dedicated to second-hand fashion, with a growing member base of 45 million members. The company experienced strong growth and international expansion in recent years. Vinted’s online business model combined with a high growth ambition requires a Treasury department that is value adding to the business. While focus has initially been mainly on the business and growth, now is also the time to take the next step in the maturity of the Treasury function.

During the workshop, the Vinted case study will be the central topic.  Esther Goemans-Verkleij will give a short introduction into the general building blocks of a Treasury organization and discuss the evolving role of the Treasury function in today’s world with a more than ever dynamic, changing and demanding environment where Treasury can play an important and strategic role.

Agne Masiulyte, Treasury Director at Vinted, will give insight into the Treasury journey from the foundation of Vinted in 2008 until where the company is now and how the Treasury function has developed along the way. She will provide insight into the challenges and the decisions that were taken during the journey.

Speakers: Agne Masiulyte, Treasury Director at Vinted & Esther Goemans-Verkleij, Partner Treasury at Orchard Finance

Leverage Open Banking for Corporates 
Booking.com & J.P. Morgan

Taal: Engels

For Booking Holdings the ability to predict their cash and liquidity became more important than ever as an industry impacted by the pandemic. The company owns and operates some of the world’s largest travel aggregators that allow customers to book accommodation, flights, ground transport, and restaurants.  Their flagship website, Booking.com, offers access to some 2.5 million properties across over 230 countries and territories. Due to Booking Holdings enormous geographic reach and need for numerous bank accounts across the world, accurate cash forecasting became a challenge. In this session, Booking’s Treasury Team alongside J.P. Morgan will share how they brought Real Time Treasury to practice by leveraging APIs for multibank reporting resulting in significant improvements in streamlining and processes. 

Speakers: Tom Devine, Treasury Manager Booking.com, and Alexander Huiskes, International Coverage Executive J.P. Morgan.


Suitsupply & Cashforce
Taal: Engels

A seemingly infinite sea of spreadsheets is still a common sight in treasury, although the negative consequences are common knowledge. The processes involved are manual, time-consuming, and treasury & finance teams struggle to obtain the information they need from other departments. One of the answers to this problem, automation, comes with many benefits. By automating their processes, treasury teams can effectively gain better insights into their Cash management & forecasting processes.

For this session, we’ll be joined by Michel van der Lingen, Finance Director at Suitsupply, who led the project of putting an improved and automated group-wide Cash visibility and forecasting process in place. At the same time, we’ll cover the main evolutions, risks, and benefits in the broader market.

By looking more deeply to the cases at Suitsupply and other corporates, we’ll be covering the following topics:

  • Digitization of cash forecasting: is it more than just automating an Excel-based process?
  • Cash forecasting / working capital management: how did the game change with Covid?
  • Direct / indirect cash forecasting: pros & cons of both methods and reconciliation
  • APIs / AI / ML in treasury: where is it (still)hype / where is it reality?

Speakers: Michel van der Lingen, Finance Director Suitsupply and Nicolas Christiaen, CEO Cashforce

The European Sustainable Debt Landscape
European Investment Bank

Taal: Engels 

Sustainable debt issuance has been the fastest growing segment of the European corporate debt market in recent years. The European Investment Bank (EIB) is Europe’s Climate Bank, and as such, we are committed to supporting a Green Recovery from the current crisis. Tackling the climate challenge fast and effectively requires substantial investment, which is why the EIB actively supports projects that can make a difference to fight climate change.  

During this session, apart from explaining the EIB’s green financing options, current trends in the European green financing landscape will be discussed, and European initiatives such as the European Green Deal, Next Generation EU and the EU Taxonomy for Sustainable Finance, will be demystified. In addition, examples of green financing provided by the EIB will be highlighted. Join to learn more about your organisation’s options for green financing!

Speakers: Michael Finucane, Climate Officer, and Els Sweeney-Bindels, Head of EIB Amsterdam office.