Katharina Schön
kurzfristiges Liquiditätsmanagement
Do you have real crisis managers in your team who remain calm and adapt quickly to new and changing situations? Do you know the impact of the corona crisis on your supply chains and on your personnel and financial needs? Which are your expected scenarios? Are your financial status and liquidity planning both up to date?…
The Deutsche Kreditwirtschaft published statistics about payment methods in Germany.[1] There are 4,5 billion transactions by Girocard (debit cards) per year with an average payment amount of 46,86€. What does it mean for retail? The development of payment procedures of the retail sector was analysed by the newsletter of „Finanz-scene.de“. In total, the share of…
How are you after 14 September 2019? On this day more clauses of the EU Payment Services Directive 2 (the so-called PSD2) came into force. What was its impact on your company? Have your house banks informed you in due time about their solution to implement the two-factor authentication? The directive is an important step…
Lately, a founder asked me if I also consider production and logistics processes when dealing with cash flow optimization. An interesting question which also shows the wide-spread misunderstanding that financial management and accounting are only back-office functions. In a way, just a tedious burden far away from operations. But this is not the case, not…
The daily transfers of balances and the adjustments of negative balances on bank accounts to and from a main account are called Cash Pooling. Such concentration of liquid funds is not recommended for some currencies to avoid penalty interest. To carry out Cash-Pooling on a group level, you need intercompany contracts about the intercompany interest…
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