Nordea’s Working Capital Study 2020 has analysed the working capital performance of 9300 companies between 2016-2019 by using data from publicly available financial reports. The study found that overall the level of working capital improved across companies which mitigated an overall decrease in Return on Capital Employed.
Why CFOs need to stay in the driving seat of digital transformation
When we discussed the CFO’s contribution to digital transformation a little over a year ago, we argued that they should be taking a leading role. It might have only been a year, but a lot has happened since then and so it seems like a good time to revisit the topic.
The ground-breaking ‘Helix’ innovation model developed by Norway Post & Bring is helping the company find new and faster ways of bringing ideas and solutions to life. Keeping up with the pace of change also means expanding innovation hubs to make room for more co-creation in the future.
A new and enhanced Nordea Connect website has now been launched to improve the user experience, provide clear messaging and inspire visitors to sign up for the online payment platform for e-commerce.
Keep your online customers coming back: Three myths debunked
When e-commerce puts the world at every consumer’s fingertips, how can you make sure they choose your online store? And not just once, but time after time?
An in depth analysis of 124 large Nordic companies in 2019 showed aggregated overdue payments of EUR 18.5 billion, equal to 22% of total gross accounts receivables. With total overdue payments already increasing by 4% from 2018, the after effects of the coronavirus are expected to create an even larger growth in overdue payments in the coming months.
Flower power – Open Banking help Majblomman track donations in real time
Majblomman is a well-known Swedish charity that raises money with the annual sale of special paper flower pins. When Majblomman implemented a fully digital campaign, Nordea’s Open Banking team enabled a real time overview of all incoming donations.
Supply chains: Become less lean or step up risk management
Nordea's Viktor Sonebäck interviewed Patrik Zekkar, Global Head of Trade Finance & Working Capital Management at Nordea, to hear more about how the COVID-19 outbreak will disrupt global supply chains, as occurred during the SARS outbreak in 2003-04 and the Fukushima accident in 2011. Patrik elaborates on how China plays a greater role today, how corporates should think about their supply chains and how Nordea can offer short-term help.
Selecting KPIs – Empowering finance departments by measuring what matters
Nordea’s Treasury KPI Report showed that treasuries are increasingly embracing KPIs to monitor the effectiveness of their activities. For Treasurers and CFO’s in the process of selecting operational and strategic KPIs, choosing the right mix can often be dependent on company size.
Although it was regulatory requirements that sparked the move towards Open Banking, Sofia Ericsson Holm, Head of Strategic Partnerships and Open Banking at Nordea, explains how it is the demand for instant and better user experiences that will really drive innovation.
Taking a holistic approach to equipping the modern Treasurer
Nordea aims to stay one step ahead of the rush to deliver new products and services by understanding and anticipating the needs of customers, elevating traditional functional transaction banking offerings to dynamic tools that support strategic decision making.
What skill sets will be critical in the treasury of the future?
As digitalisation progresses and the financial landscape evolves, treasury teams face rapidly changing demands. Employees will require an increasingly diverse range of skills to succeed and thrive — and to ensure the treasury’s future relevance.