This is a YouTube video titled "Why Team Building and Soft Skills Are Vital in Treasury with Klaas Springer" containing a monologue or talk by Klaas Springer recorded in June 2023. The content focuses on the importance of risk management, digital treasury, business partnering, and the development of soft skills such as communication and presentation for treasury professionals. It emphasizes continuous learning and tailoring treasury solutions to specific company needs.
I think and that that is a conclusion I reached over the years. The real added value of highly educated people in a Treasury is in. In risk management funding. But basically it's all about business partnering both towards the executive board at the more strategic side, but also to your business groups and your subsidiaries. Especially if you have a lot of emerging markets which require a tailor made approach in many respects. So you have to put in place a very strong digital treasury so that let's say the normal cash management, normal hedging execution is almost completely digitized or maybe replaced by a robot with. With some artificial intelligence that you are able to almost spend no time anymore on the operational side of treasury, but you are completely open for let's say business partnering and servicing your business. If you can reach that point then I think you really have reached the highest added value for your company in the end. It is also about communication. You have to deal with CFOs certainly if you want to become a treasurer, but you also have to deal with finance directors, controllers and have to be able to translate into their language what you're doing. And that is an art in itself. If you do not develop those soft skills, you will never, let's say make it as a global treasurer. I would say be open for various challenges so that you keep on learning and you keep on having this steep learning curve. Invest in soft skills. Absolutely. So also think about effective communication presentation skills. Usually the Anglo Saxon people are much more let's say experienced in that it is. It is to a lesser extent in Dutch education but. But yeah those type of there you have to develop and keep on developing and never never think that you are already there because there all is always something new to learn and beware. Every company is different. So there is also in treasury there is not one solution for every company that's wrong to think that way always you have to mix and match with the special situation in that particular company.
