Project Description

Successful implementation of TMS for ANWB

The Royal Dutch Touring Club (ANWB) is an association that looks after the interests of its members through a unique mix of influencing and service provision activities in the area of mobility, holidays and leisure. The ANWB strives to make a contribution to the sustainable development of society with its activities.

Treasury is a central function within the ANWB and forms an essential part of the organisation’s management and control framework. Approximately 3,700 employees are responsible for an annual turnover in excess of € 1 billion. The treasury function extends to 15 entities spread across the Netherlands. In addition, the ANWB has a large number of bank accounts, 2 notional cash pools, and a number of different currencies.

The ANWB decided to replace Globe$, its existing TMS. This system no longer met the needs of the ANWB in several respects and was no longer compatible with the infrastructure.

anwb

BELLIN takes us from A to B. With tm5 we are able to create significant efficiency gains in our daily Treasury operations.

John van Roon, Treasurer, ANWB

Objectives

The ANWB stipulated the following requirements of the TMS to be selected:

  • Accurate and timely cash and liquidity management
  • Currency and interest management
  • Cash flow planning (short term)
  • Liquidity forecasting (long term)
  • Cash pooling
  • Monitoring of interest payments
  • Execution of treasury payments
  • Management of external facilities, funding and intercompany loans
  • Recording, managing, monitoring and appraisal of financial instruments (including securities)

Solution

Enigma implemented BELLIN’s tm5 system for ANWB. tm5 is an online treasury system that ANWB uses as a professional management instrument for all treasury contracts (including spot and forward FX, money market and securities). The modular structure of the system offered ANWB the option of taking only those modules that were necessary. The daily balances are simply updated by inputting electronic statements.

Project approach

Implementation was executed and rolled out in collaboration with the ANWB’s treasury department over the course of several 2-day workshops.

Mike Adrichem
Mike Adrichem
Consultant