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ON - Cash Pool View & Reporting Feedback - 2025-05-23

Metadata

  • Date: 2025-05-23
  • Company: ON (On Holding)
  • External Participants: Rodrigo Cabrera (Treasury), Yulia Ershova (Treasury)
  • Palm Participants: Christian Sobkowski
  • Type: Customer Call
  • Domain Areas: Reporting, Cash Visibility, IC Loans
  • Recording: https://tldv.io/app/meetings/68305c4bf7b4f00013e6521b/

Summary

Context

Regular customer call with ON treasury team (Rodrigo and Yulia). Christian walked through the new Cash Pool View feature and collected feedback on reporting filters. Yulia also shared insights from the Mannheim treasury conference.

Key Discussion Points

  • Yulia attended Mannheim conference - Kyriba workshop where Amanda presented; learned about a company (Würth) with 5,000 bank accounts
  • Palm's cash forecasting narrative resonating well at UK conferences with "older industry companies" doing Excel-based forecasting
  • ON has cash pools across three banks: UBS (largest), Deutsche Bank, and JP Morgan
  • New Cash Pool View shows header balance over time and intercompany balance tracking
  • IC balance tracking sums all cash pooling transactions to arrive at intercompany positions
  • Interest on IC balances: daily accrual (e.g., 1.25% between On Holding and On AG), paid quarterly

Pain Points

  • Filter search resets - when using search to select companies, selecting one resets the search field
  • Filters not connected - selecting a company doesn't filter the bank accounts dropdown to only that company's accounts
  • Currency display confusing - currency filter filters transactions but still displays in functional currency (CHF), users expect to see transaction currency
  • IC balance categorization - ~800k discrepancy in JP Morgan pool due to categorization accuracy
  • Multiple systems for IC tracking - tracking in ERP (source of truth), Kyriba (needs manual rules), and now Palm

Feature Requests & Needs

  • Cascading/connected filters - filters should respect each other (was attempted but "filtered too quickly")
  • Transaction currency display - show values in transaction currency when filtered to single currency
  • Rename currency filter - call it "Transaction Currency" or "Cash Flow Currency" for clarity
  • Self-service report building - ability to create custom reports with currency toggles
  • Interest forecasting - calculate accrued interest based on daily IC balances and extrapolate to quarter end
  • "As of date" filter for IC balances - see historical IC balance positions, not just running total

Jobs & Desired Outcomes

Job: Track intercompany balances across cash pools to understand positions between entities

Desired Outcomes: - Minimize the time required to reconcile IC balances across multiple systems (ERP, Kyriba, Palm) - Increase the accuracy of IC balance categorization in Palm - Reduce manual effort to calculate accrued interest on IC positions

Job: Forecast quarterly intercompany interest payments

Desired Outcomes: - Minimize surprise in quarterly IC interest settlements - Increase visibility into accruing interest obligations - Reduce manual calculation of interest based on daily balances

Domain Insights

  • IC loan interest typically accrues daily based on end-of-day balance, paid quarterly
  • Interest rates are fixed agreements between entities (e.g., 1.25%)
  • JP Morgan pool is simpler (both accounts in Canada), UBS pool spans multiple entities
  • "Smart filtering" (cascading filters) was tried but filtered "too quickly" - needs tuning
  • Users want both functional currency aggregation (for comparison) AND transaction currency views

Action Items

  • [ ] Fix filter search reset bug
  • [ ] Tune smart/cascading filters
  • [ ] Add transaction currency display option when single currency filtered
  • [ ] Clean up IC balance categorization for JP Morgan pool
  • [ ] Evaluate interest forecasting capability
  • [ ] Add "as of date" filter for IC balances table

Notable Quotes

"It's amazing to have this, this graphs and the visibility really excellent." - Yulia Ershova

"The cash forecasting narrative works really really well for us... It resonates deeply. There is a lot of older industry companies, whether that's energy whether that is some retail, where there is large teams of people pulling excel sheets together." - Christian Sobkowski

"We track them on our ERP, that's then the source of truth, then I also in Kyriba where we have to set up some rules to make sure that the transactions are allocated correctly." - Rodrigo Cabrera

Full Transcript

Date: 23/05/2025, 13:30

00:01 Christian Sobkowski: Here you go.

00:03 Rodrigo Cabrera: Christian. How's it going?

00:05 Christian Sobkowski: Get good. Can't can't complain at all been a good week for us.

00:12 Rodrigo Cabrera: Nice. Nice good here.

00:13 Christian Sobkowski: Yeah. Yeah. How are you?

00:16 Rodrigo Cabrera: Hopefully, it's going to be an even better. And we can then celebrating

00:20 Christian Sobkowski: Let's see that. Let's see if that's the weekend.

00:26 Rodrigo Cabrera: Nah, not really. We'll see.

00:27 Christian Sobkowski: Okay.

00:28 Rodrigo Cabrera: What about you?

00:34 Christian Sobkowski: I don't know. I'm I'm running Stockholm Marathon next weekend so I'm out of things to do this

00:40 Rodrigo Cabrera: oh,

00:42 Christian Sobkowski: weekend because I can't do like a big run or anything, you know.

00:43 Rodrigo Cabrera: Yeah. But an easy 10K run now.

00:48 Christian Sobkowski: These 10k, of course.

00:50 Rodrigo Cabrera: For you easy for me, it's probably extremely right now.

00:54 Christian Sobkowski: Hey, Julia.

00:55 Yulia Ershova: Hey, hey, both.

00:58 Christian Sobkowski: And what's what's his portrait Rodrigo?

01:01 Rodrigo Cabrera: Running.

01:06 Christian Sobkowski: Nice.

01:08 Rodrigo Cabrera: I try. I've run one half a marathon in a few 10ks, but it's just not my thing. Every time I start again, I saw her. But I bet my hands on the on the new on a. I don't know if you've seen in the light spray, the one that it's done with a machine.

01:27 Rodrigo Cabrera: If I get my hands on those soon I'll I'll sign off for a half a marathon maybe.

01:34 Christian Sobkowski: I, I want one of those too, actually.

01:36 Rodrigo Cabrera: Just motivation motivation. I think.

01:38 Christian Sobkowski: Yeah, yeah, when when are they going? Go life and to be sold, you know? The light spray.

01:46 Rodrigo Cabrera: Should be soon. They are they release it every now and then on a specific

01:50 Christian Sobkowski: Okay.

01:51 Rodrigo Cabrera: stores. But on the website I sign up like like a couple of weeks ago to like a. Let me know once it's available and I'm just hoping that I check my email on time.

02:04 Christian Sobkowski: Got it.

02:04 Rodrigo Cabrera: I don't know when it's going to be, I'll ask around and I'll let you know.

02:09 Christian Sobkowski: Amazing. Nice. Thank you. Julia, how was Manheim?

02:17 Yulia Ershova: Quite good, quite good. It is I like the efficiency that within let's say one day. I can check around all the all the partners banks. So, I mean it's not that much to discuss business in deep, but at least let's say to catch up, maybe to see what's in the mind of everyone.

02:47 Yulia Ershova: So couple of

02:31 Christian Sobkowski: Nice, very nice.

02:34 Yulia Ershova: workshops and Amanda was presenting, actually she's doing workshop with kiriba,

02:38 Christian Sobkowski: so, I saw

02:40 Yulia Ershova: which went went very well. I think the reason interest I was, it was interesting to know that some people have 5,000 accounts. I was shocked when I heard it. I'm like Wow, this was the this wolf the I think it is either Swiss or German company. Which would double you.

00:00 :

03:00 Christian Sobkowski: That doesn't sound crazy. Big of a company.

03:04 Yulia Ershova: another, there are

03:04 Christian Sobkowski: Of words.

03:05 Yulia Ershova: Yeah, exactly. This one, I'm suffering pronouncing that

03:07 Christian Sobkowski: Mmm.

03:09 Rodrigo Cabrera: But 5,000 back accounts.

03:10 Christian Sobkowski: Okay.

03:12 Yulia Ershova: Yeah.

03:12 Christian Sobkowski: 2020 Revenue.

03:13 Rodrigo Cabrera: That a little bit too much.

03:15 Yulia Ershova: I don't know, really, but tech to bonus. They are everywhere. Like I remember from my back back, home country, like they have seen thousands of cars there they said, where literally in all the countries.

03:28 Christian Sobkowski: Yeah.

03:29 Rodrigo Cabrera: That's like 20 20 25 bank accounts per country. That's

03:34 Yulia Ershova: I mean, that's just insane structure and say,

03:36 Christian Sobkowski: Yeah, the the biggest we're working with now is they're just having over just over a thousand. Large, Irish energy company.

03:49 Yulia Ershova: That's that's also a lot.

03:51 Christian Sobkowski: and also a lot of complexity in that,

03:54 Yulia Ershova: So you see, maybe this company. The worst can be all so far developed in your

03:54 Rodrigo Cabrera: Yeah.

03:58 Yulia Ershova: target because they would need an overview of all what's happening.

03:59 Christian Sobkowski: Give. Yeah, yeah. I'm I'm I have a feeling that. Yeah, sort of. Vert is pushing it a bit for for our capabilities, give it another year or so and I'm hoping we can have meaningful conversations. We are sort of Somewhere around 5 to 10 billion revenue. So where we start seeing real real challenge in our seal,

04:26 Yulia Ershova: Well.

04:28 Christian Sobkowski: But amazing. And

04:30 Yulia Ershova: So, maybe they're doing Cabrera right now. So maybe and we also connecting point

04:31 Christian Sobkowski: Sorry. Nice. Okay. In interesting. So a virgin Kariba presented in Manhattan.

04:41 Yulia Ershova: Don't know, they were in our workshop and they were just asking questions.

04:44 Christian Sobkowski: Mmm.

04:45 Yulia Ershova: Because yeah, they go through the

04:47 Christian Sobkowski: Amazing.

04:47 Yulia Ershova: Their, their just just I think about to start implementation.

04:52 Christian Sobkowski: Got it. Yeah, and this was a cariba hosted workshop.

04:57 Yulia Ershova: Yes.

04:57 Christian Sobkowski: that he attended, nice would

04:58 Yulia Ershova: Well, you know it's like classic the sponsoring they they didn't present but the

05:01 Christian Sobkowski: I know.

05:02 Yulia Ershova: client present. So yeah, let's say they did that.

05:04 Christian Sobkowski: I know. I'm aware. I'm aware we, we were lucky, we got two sessions to present or act now in the UK and we, we were invited by HPC to present on the panel. And then we have sort of a startup presentation, which was quite nice actually,

05:23 Yulia Ershova: your happy with the results with the show, how many people show up questions,

05:28 Christian Sobkowski: Very there. So it's it's a bit of The, the cash forecasting narrative works really really well for us. And it's, it's a bit of the next six months of this big product, focus for us on on cash forecasting. And when I'm looking at sort of the fox, you talk to you now in it wasn't Wales.

06:02 Christian Sobkowski: It resonates deeply. There is a lot of older industry companies, whether that's energy whether that is some retail, where, There is. Large teams of people. Pulling excel sheets together, really? Across everything.

06:23 Yulia Ershova: I can't imagine. Yeah.

06:26 Christian Sobkowski: Yeah.

06:27 Yulia Ershova: Well lock. Then maybe they will change their mind and start being more. Mmm

06:33 Christian Sobkowski: I think so.

06:34 Yulia Ershova: automation friendly.

06:36 Christian Sobkowski: I, I think, I think, I think so actually, we have some really strong conversations. but,

06:42 Yulia Ershova: Perfect.

06:43 Christian Sobkowski: Fantastic. Maybe. two points to my side for today and A We did launch a new cache pool view and happy to chat through that. And be a Rodrigo. I wanted to hear if there's anything more I could do on direct debits. And otherwise open for any any agenda items from you?

07:12 Yulia Ershova: I have gone really.

07:15 Rodrigo Cabrera: I had go ahead.

07:16 Yulia Ershova: I just want question. I was trying to play around with the parade in cash flow and one one let's say wish or maybe I just not doing it. Well, when there are filters. So for instance, I select the company. By the way, it works right now so it's not it's not that I can select to it once but still I can select one and then I go back to the filtering and then I can select add one more or something.

07:43 Yulia Ershova: It's like step by step but like if it's lower than selecting all of them at once

07:44 Christian Sobkowski: Mmm.

07:45 Yulia Ershova: but still it gives me what I wanted then so that's fine.

07:51 Christian Sobkowski: Okay.

07:53 Yulia Ershova: And then for the filters. So for instance, if you have select a company, in this case, I'm concentrating in the UK. And I want to go to the second filter. Let's say, I don't know, country or or maybe count banking account and I select I see all the accounts for all the companies and so I would assume that there is no connection between filters.

08:14 Yulia Ershova: So if it is, if you plan to do something, It would be very useful because then I can just see when they count and it's extra filtering. It's just a wish.

08:25 Christian Sobkowski: It amazing. Let me quickly. I'm sure my screen just just so I get it right?

08:28 Yulia Ershova: Yeah.

08:29 Christian Sobkowski: What? You're trying to say so company. What would you

08:32 Yulia Ershova: Using it, just they name like Canada.

08:35 Christian Sobkowski: This.

08:36 Yulia Ershova: But for me, for instance, I cannot select several at once. I select one. It brings me back to the list. Then I click again the list. And I

08:40 Christian Sobkowski: Aha.

08:44 Yulia Ershova: cannot add the second one and it the same in the third one.

08:47 Christian Sobkowski: oh, Yeah, good, it would help me a lot. If you could quickly, share your screen.

08:53 Yulia Ershova: Yeah.

08:56 Christian Sobkowski: Because absolutely, we should fix that.

09:01 Yulia Ershova: Let me see where I was.

09:02 Christian Sobkowski: yeah, if you go into reporting,

09:04 Yulia Ershova: In. Yeah.

09:07 Rodrigo Cabrera: And sit for everything, you are just for a company.

09:12 Yulia Ershova: I will actually that's a good point. I didn't test the rest because then

09:15 Rodrigo Cabrera: Because testing and I can do it. So it's weird.

09:15 Christian Sobkowski: That.

09:18 Yulia Ershova: so, for instance, like

09:19 Rodrigo Cabrera: The ones you search.

09:21 Yulia Ershova: Yeah, exactly.

09:22 Christian Sobkowski: When you searching at the search is resetting, got it M.

09:25 Yulia Ershova: Yeah.

09:28 Christian Sobkowski: Let our Christianity, yeah. Good.

09:32 Yulia Ershova: Then the second is this is what I meant that they counts are not connected. I

09:36 Christian Sobkowski: Yeah.

09:37 Yulia Ershova: mean they can see the rest but that's just the wish and another

09:40 Christian Sobkowski: That's and maybe briefly on that part and that was a bit where we we had the

09:42 Yulia Ershova: Yeah.

09:48 Christian Sobkowski: smart filtering. But what happened for you was that it filtered too quickly I think

09:54 Yulia Ershova: Exactly, it wasn't.

09:55 Christian Sobkowski: Where it everything disappeared and let me work as a team and we'll we'll see what we can do.

10:03 Yulia Ershova: Perfect. So basically the Smart Filter it has all these connectivity right? Between filters perfect.

10:08 Christian Sobkowski: Exactly and it just didn't work as expected for you. So We'll fix.

10:14 Yulia Ershova: Although, I thank you and the other one about currency. So, for instance, if I'm

10:18 Christian Sobkowski: Mm-hmm.

10:19 Yulia Ershova: in the UK, I would like to see, not the CHF. But rather, what is their real? Let's say either bank account current. So for instance, I select GBP, even if

10:26 Christian Sobkowski: Got it? Yep.

10:30 Yulia Ershova: just as a filter but then I don't see GBP anywhere. The graphs is still in chef

10:35 Christian Sobkowski: Correct.

10:36 Yulia Ershova: like Is there What do this filter does? Maybe that's the main question from my

10:42 Christian Sobkowski: Good, good question. So The way these are built up and it's it's partly by design, but keen on your

10:50 Rodrigo Cabrera: Yeah.

10:50 Christian Sobkowski: feedback. So the thing about it is, since this is pulling from all balances and all cash flows, There's a bunch of different currencies in the view and so we chose to show everything in your functional currency. Ma So you can quickly compare between entities accounts, whatever you're looking at and but b otherwise you couldn't aggregate right so you couldn't.

11:17 Christian Sobkowski: You have to make a choice of currency. And so, I think what you're what you're looking for is actually a bit of Sort of. Once, once you're going down to one specific currency, you would like to switch has the view switch to that currency. Is that right?

11:40 Yulia Ershova: Yes. Basically to have a bit of flexibility. Oh, I mean, it depends because

11:43 Christian Sobkowski: Yep.

11:46 Yulia Ershova: we'll be using it in global level I completely and yes.

11:49 Rodrigo Cabrera: but, Yeah, I don't know because if, for example instead of UK that it's easy because there's only one currency you select on a G in on a G will still have five different currencies.

12:02 Christian Sobkowski: Yeah.

12:03 Rodrigo Cabrera: So, I don't know if it's also makes sense to have operated sorry, operating cash flows in reporting currency so CHF, and maybe another view operating cash flows in transaction, currency like another report where, okay, we don't have the net operating total, but maybe the graphs we have it for all of.

12:26 Rodrigo Cabrera: Different currencies in like the split, my current, I don't know.

12:29 Christian Sobkowski: Amazing. Fantastic also Julia. I'm loving that you're clicking around right now because this is fantastic feedback. I'll hand it over to our designer and we'll, we'll

12:42 Yulia Ershova: Thanks.

12:44 Christian Sobkowski: fix that. Little scroll bar for you. I think we, Rodrigo. You write and let. Let me. We'll figure out a way to to surface account, level currencies.

13:01 Rodrigo Cabrera: Or. I don't know, Julie, or if we also The.

13:10 Yulia Ershova: What I also like for example, sorry.

13:11 Rodrigo Cabrera: Yeah. No, no, sorry. Go ahead.

13:14 Yulia Ershova: I'm just trying also to see because now for I went to AGS is you proposed and then when I select use D it gives me the value which is lower than the previous one. But the currency technically stays the same, at least here, maybe it's just hardcore coded.

13:32 Christian Sobkowski: but it doesn't mean it's accounts in Yeah, I can tell you what it does. So the filter the currency filter And filters out to basically operates on all cash, flows that are used denominated.

13:48 Yulia Ershova: Okay.

13:48 Christian Sobkowski: But the the overarching net cash flows as well as any number you seeing is still translated into Swiss francs, but the underlying set is all USD transactions.

14:00 Yulia Ershova: Okay.

14:01 Christian Sobkowski: Does that make sense?

14:03 Yulia Ershova: Yeah. I'm not sure from business perspective, if it is something that would make sense to, to see, I would need to think about it, but I, I see logic. Okay.

14:14 Christian Sobkowski: Yeah. Good.

14:17 Rodrigo Cabrera: What? What I, sorry. What I'm thinking, I'm thinking, because I used to do like

14:20 Christian Sobkowski: Go for.

14:25 Rodrigo Cabrera: visuals like this, but in power, bi and instead of having multiple reports, I remember having on top, like next to operating cash flow, you have a Like different options like filters. So we don't have a like, The the reporting currency and then we have different like USD GBP, Euro CHF, Whatever.

14:46 Rodrigo Cabrera: And if you click USD, it will show you only the the same report but only for USD in USD the I don't know how

14:58 Christian Sobkowski: Yeah.

15:00 Rodrigo Cabrera: Of course, it's quite complex because you have to go one by one in developing them. It is not like super urgent, I guess. But

15:09 Christian Sobkowski: fully fully understand the need and

15:12 Rodrigo Cabrera: And I that's one of the things that if we had because probably we needed or or but, but some other clients don't. So, maybe once we get that A Like personalization access where we when we can build our own reports. It's something that we can develop on our own A yeah.

00:00 :

15:37 Christian Sobkowski: Yeah, yeah. Let them, let me give it the first step. For you and use cases is clear when there's only one underlying currency, you would like to see it in the actual currency. Makes sense.

15:57 Yulia Ershova: And I guess for these for the, for the currency category, maybe to call it cash flow, currents or transaction currency. Something that

16:03 Christian Sobkowski: Okay.

16:04 Yulia Ershova: Thank you.

16:05 Christian Sobkowski: A great. Great feedback. Thank you so much julion, Rodrigo.

16:09 Yulia Ershova: Grace.

16:11 Rodrigo Cabrera: A. And in there. Sorry in the in the cash, pull view that you shared recently. I started going over it, but I didn't have much time. Can you share that one?

16:27 Christian Sobkowski: super happy to and so, one, one of the things you're trying to do is The the goal is to there will be a self-serve component to this, but I think the the goal we're doing with these walks uses. Trying to build sort of the underlying base so that the cells have actually works well for you and also creating value for you right now and sort of have some of the standard views already.

17:00 Christian Sobkowski: without I think we we talked about the non-operating cash flows as a whole last time and it was I think the feedback was quite clear, like, we need to go a bit more in depth into each of these So the first team worked on is cash, pulling. And where Amanda's feedback was that look really, we need to view each cash pool separately and get some detail on that.

17:31 Christian Sobkowski: and so, I think you have cash pulls to go across three of the banks, right? Is that true? UBS Deutsche and JP Morgan.

17:40 Rodrigo Cabrera: we have, we have Yeah, we have a Set base in those three. Yes.

17:48 Christian Sobkowski: Yeah. Okay. so, Basically, let me, let me show you what we have and I'm aware. There's one or two things you have to improve still, but you you tell me sort of what you're seeing first and this is helpful, the first place. And I chose the JP Morgan pool for now because it's I think one of the less complex ones for you.

18:11 Christian Sobkowski: And UBS is a big one, right?

18:15 Rodrigo Cabrera: Yeah.

18:15 Yulia Ershova: Yeah.

18:16 Christian Sobkowski: so, and you basically seeing, A few. A few things. first off, and I think this is a two header accounts that you have In that cash pool.

18:32 Rodrigo Cabrera: Yes.

18:35 Christian Sobkowski: and and basically what you seeing is you're seeing your header balance over time And again, you have the same set of filters up here, but I'll leave it here. and then, you're you can download the entire transaction, set of just the cache pool transactions for the JPM cache pool now and I think what I want to get to and what I think is going to be quite helpful is This is the first version of intercompany, balanced tracking.

19:17 Christian Sobkowski: For the cash pool. So what this is doing is we're basically taking all your intercompany transact or cash pulling transactions. For these accounts. Since the beginning of time. That, that we have access to, so summing those up to arrive at intercompany balances. And you seeing already, I think there are one.

19:45 Christian Sobkowski: One issue that we still need to fix is it's almost a categorization underlying is not 100% accurate. So you're seeing that really write the cash pool should add up to zero. And we are, we're off by 800k in in this case. So there's a few futures actions that are outlined and, but otherwise,

20:13 Rodrigo Cabrera: That the rule, the the rules for those are pretty straightforward, like the description, it's always the same.

20:20 Christian Sobkowski: Yeah.

20:20 Rodrigo Cabrera: I guess you had that one already, but if not, I can check the none of the

20:25 Christian Sobkowski: Yeah.

20:26 Rodrigo Cabrera: transactions. And and if something is wrong, I'll

20:30 Christian Sobkowski: I would love to do a little clean up there for you. If, if this view is, is helpful. We're working on a Pretty cool new way to, to video categorization more generally, and allow you to feedback on the way categorization work. So we would fix together with that.

20:54 Rodrigo Cabrera: Yeah, I think it's quite helpful. Right now, because we're looking at two different. Bank like a sign bank but in the same entity, so cut all the JP Morgan cats are within Canada. So yeah, it's not like one account. Is paying intercompany but to the other but it's good to know.

21:19 Rodrigo Cabrera: Like the balances, because basically, this trust and that, the first one is generating that much in wholesale customer. And the second one, it's a payables.

21:29 Christian Sobkowski: Yeah.

21:30 Rodrigo Cabrera: Um, how much more we're spending? They're receiving But yeah, once we go to UVs, we'll have a better view because that's a one that in impacts different entities. so, that one will be able to see A, For example, the third one on holding, it has 11.39 million against energy in CHF so that, yeah, that's a really nice.

21:56 Rodrigo Cabrera: Of course, we need to clean them up a little bit. They

22:01 Christian Sobkowski: Yep.

22:03 Rodrigo Cabrera: But yeah, really helpful.

22:07 Christian Sobkowski: I I Because this is something you're already tracking somewhere else, right?

22:13 Rodrigo Cabrera: Hey. Yes. Yeah.

22:18 Christian Sobkowski: Okay.

22:19 Rodrigo Cabrera: Yeah. We track them on on our ERP, eh, that's then the source of truth, then I also in

22:26 Christian Sobkowski: Yeah. Of course.

22:30 Rodrigo Cabrera: kiriva where we have to set up some rules to to make sure that the transactions are allocated correctly. In. Also this one, the most automated ones, I will say the other two needs some manual adjustments. So, if we could get this one to To be as accurate as possible.

22:50 Rodrigo Cabrera: I think it will be ideal.

22:55 Christian Sobkowski: Okay good. Let's let's get that cleaned up.

23:00 Rodrigo Cabrera: And then I think I saw in the If you scroll down a little bit based on the balances I see some. I think there was an interest. Yeah I see interest flow. Is that that an interest calculation based on the the balances or

23:18 Christian Sobkowski: So let's let's zoom out a little let's see if we can see some, some more patterns It's not a calculation, we do. So, this is, this is based off of the

23:35 Rodrigo Cabrera: But we made.

23:37 Christian Sobkowski: Exactly, the cash flows you've had.

23:39 Rodrigo Cabrera: Yeah. Yeah.

23:41 Christian Sobkowski: So it's backward. Looking cash interest cash flows.

23:46 Yulia Ershova: And I think Rodrigo, if we will, because we plan to have all this interest calculation in kiriba than basically, Palm can just pull it from there in case if we want to have, not really the cash flows but rather I don't know the what's about to be paid.

24:02 Rodrigo Cabrera: But also the I don't know Christian if if we provide you, for example, the interest between on holding and on a g is that a calculation that can be done here as a forecast? Or.

24:17 Christian Sobkowski: It would be super interesting. So so maybe maybe walk me through quickly how this works. So I'm assuming you're So, the two entities will have an agreement of a fixed like what a daily interest rate.

24:32 Rodrigo Cabrera: Yeah. There's A and an agreement of the interest paid accrue daily paid once

24:38 Christian Sobkowski: Yeah.

24:39 Rodrigo Cabrera: water base, of course, on the balance, at the end of the day, right here, you will have the balance at the end of the day and let's say, I don't know, between onion on holding is 1.25%. Yeah, we are accruing that 1.25% daily. Based on the balance at the end of the day.

25:00 Rodrigo Cabrera: And at the end of the quarter we have I don't know, the 10K 15K that on holding needs to pay on a G or the other way around and we triggered that payment. But that's something that we could be building up in a forecast for example, or

25:21 Christian Sobkowski: Absolutely. so, you would

25:23 Rodrigo Cabrera: Yeah.

25:25 Christian Sobkowski: Yeah, so this this is quarterly interest payments, you're doing right? So the the forecast would be Basically, if, if you're one month into quarter, you would be extrapolating. The interest already accrued into the next two months, and then you have an interest payment at the end of quarter.

25:49 Rodrigo Cabrera: Yeah, something. Yeah. We can consider that they what whatever we had at the first month, will be the same balance, so it's just like, it's three. Yeah.

25:57 Christian Sobkowski: Yeah. Or or alternatively just just accrued accrued interest to date is is helpful. I

26:01 Rodrigo Cabrera: Probably things.

26:06 Christian Sobkowski: assume.

26:07 Rodrigo Cabrera: Or also. Yeah. Yeah.

26:08 Yulia Ershova: At least here.

26:10 Rodrigo Cabrera: Yeah. Thanks a good. Of course not super high priority because we are either way

26:10 Christian Sobkowski: Okay.

26:11 Yulia Ershova: Or if it can, if the system can do, let's say the average for the last three months and then as human that the rest of the quarter will be this average per day. For instance,

26:21 Christian Sobkowski: Yep. of course, let me talk to the team because I think this is, this is one of the capabilities that You need to prioritize some some stuff around it. Let me take that away. But definitely something you would want to want to put in place.

26:51 Rodrigo Cabrera: doing it somewhere else even manually. But they it's always a really good.

26:53 Christian Sobkowski: Yep. A great. Agreed.

27:00 Yulia Ershova: I have one one. Comment, let me begin. We have two minutes until the next meeting, but I think I can so within the cash pool section, so I selected just the the GP more, be easy and the currency.

27:14 Christian Sobkowski: Yep. Yep.

27:18 Yulia Ershova: Canadian. And then I'm checking the balances. So if I choose different period of time, it always shows me the same balance. Is it? I'm yes.

27:28 Christian Sobkowski: Would you?

27:30 Yulia Ershova: I would I would expect the difference of, for instance, by the end of April. For

27:30 Christian Sobkowski: So sorry.

27:34 Yulia Ershova: instance, we were, I don't know, let's say in, let's say if this one was maybe eight. But then, by the might can change, right? So it can be, let's say seven.

27:45 Christian Sobkowski: This and this was by by design, but So I'm sort of keeping a running total of your intercompany balances. Are you more interested in your intercompany balances by a certain time, period?

28:03 Yulia Ershova: For timing I would say that would be my my interest and then a historic and also see like how how deep it goes. But what do you mean by running? Like what does it

28:13 Christian Sobkowski: So so basically, what and would would be shown here is, it's disconnected from the date range. This this specific table is disconnected from the date range. and with assumption that really you're looking, Into company balances are sort of.

28:36 Yulia Ershova: Latest.

28:38 Christian Sobkowski: Their their running, right? There's one one balance. and so there's the currently there is one number that On on a genius. Being old. From everyone else. But what you're looking for is basically like net movement between cash 4, participants and master in a given time period.

29:07 Yulia Ershova: I would or maybe not in a given by. But at least by the last day of the period, which I put because I agree that within the month, this I would need to think if it is something useful, let's say within the month who has, let's say, drone

29:20 Christian Sobkowski: Okay.

29:22 Yulia Ershova: more or less.

29:24 Christian Sobkowski: Got it. So

29:25 Yulia Ershova: But at least by the date.

29:26 Christian Sobkowski: yeah, so you would be looking at And you blinking at a basically, a filter until date X.

29:34 Yulia Ershova: Yes.

29:35 Christian Sobkowski: So you would want to ask off filter not a date range here. Okay. I'm just a good feedback. We'll fix. Fantastic, we're out of time, Julia. Thank you so much.

29:52 Rodrigo Cabrera: um,

29:53 Christian Sobkowski: And this was very helpful.

29:55 Yulia Ershova: Thank you for incorporating. All our wishes are our comments.

29:58 Christian Sobkowski: Any anytime we're, we're trying.

30:01 Yulia Ershova: Yeah, you're doing great job. By the way, it's it's amazing to have this, this

30:03 Christian Sobkowski: Thank you.

30:06 Yulia Ershova: graphs and the visibility really excellent.

30:08 Christian Sobkowski: I appreciate it. Thank you.

30:10 Yulia Ershova: Okay, thank you later. See bye.

30:11 Christian Sobkowski: See.

30:13 Rodrigo Cabrera: Thank you Chris. Yeah.

30:14 Christian Sobkowski: Rodrigo. Thanks so much. Take care.