Corporate treasury professionals are responding to increased demand for improved reporting processes and information provision by increasing their cash visibility levels. However there is still room for improvement as the uncertain economic climate has highlighted the need for near-total visibility.
Figures show an increasing number of smaller and middle-market businesses are automating parts or all of their corporate treasury activities, often to cloud–based software providers. It is important, however, for treasury departments to retain a sense of strategic control that will allow them to focus on their core activities. The Cash Management Survey by gtnews last year found that the majority of firms questioned said they were moving toward a centralized payment and reconciliation system. Almost 40 per cent were focused on establishing a regional structure, while 24 per cent were moving toward a global structure.
GTNews, March 29, 2011 - Reliable electronic statement delivery, along with flexible reporting, are the building blocks needed for end-to-end visibility in treasury.
Treasury & Risk, February 1st, 2011 - ...With the team in place, it was a matter of choosing the right technology and configuring it for maximum efficiency. One key was replacing spreadsheets and a lot of manual entry with a new Kyriba treasury workstation...
TMI, December 2010 - Neopost has a centralized approach to cash management through its holding company, although payments and collections are conducted locally. Balances are swept daily using zero balancing cash pools in five countries. Although the company has a small number of core banks, it has ten cash management banks to deal with local collections such as checks. Read more...
GTNews, November 2nd, 2010 - Treasury management systems (TMS) have evolved greatly in the past 25 years, but careful planning is still required to maximize their potential. Read more...
Journal of Corporate Treasury Management, August, 2010 - This paper examines current issues facing treasurers today as they attempt to improve cash visibility and liquidity management. It suggests automation of bank reporting, reconciliation, and cash forecasting as the most efficient and low-risk way to improve cash visibility. Once cash visibility has been achieved, liquidity management becomes much more feasible. Read more...
Treasury and Risk, April 2010 - Horizon Blue Cross/Blue Shield's treasury put together two hosted software solutions to ramp up efficiency and visibility. Read more...
Treasury & Risk, August 2009 - These days treasurers don’t just worry about interest rates or foreign exchange risks, but also the creditworthiness of banks and a range of other risks. As managing risk moves higher on treasurers’ to-do lists, technology companies are taking note. For example, workstation provider Kyriba struck a deal with FXpress in June that gives clients access to FXpress’s risk management solution. Read more...
Financial-i, April 2009 - Increasing the accuracy of cash forecasting is no longer a nice-to-have but a must-have, and what better place to start than by improving the accuracy of the data coming from various accounting and ERP systems. Read more...
GTNews, April 2009 - Technology is key to many areas of treasury that practitioners may struggle with today: daily cash management, liquidity, counterparty exposure, and bank administration. Read more...
Treasury & Risk, March 2009 - New systems are often in the fast lane, increasingly robust in functionality and regularly adding enhancements, while many users are taking their time adopting new features. Read more...
Corporate Financial Systems Journal, March 2009 - Kyriba has announced five wins for its ASP treasury system, all achieved in the
final months of 2008. The earliest deal was signed in late November and came at
insurance and financial services company, OneAmerica Financial Partners. The
remaining deals were all signed in December and came at Alstom, a provider of
equipment and services for power generation and rail transport; MFRI, a
manufacturer of piping, filtration and cooling products; Murphy Oil Corporation,
an oil and gas producer; and Wilbros, an international services contractor for
the oil, gas, power, refining and petrochemical industries.
Journal of Corporate Treasury Management, December 2008 - The liquidity crisis may not have reached the end of its downward spiral; however, institutions can make proactive internal modifications to combat this turbulent financial playing field. This paper will explain how various technology solutions may lead to greater centralization, transparency and optimization in a more pragmatic, timely fashion than other solutions or investments. Integrated solutions between financial institutions and their corporate customers do exist and the technology is gaining competency and accuracy.
AFP Exchange, December 2008 - With the dramatic economic changes come demands for changes in cash management behavior. Treasurers are looking to diversify their investments to lower counterparty risk. Read more...
GTNews, November 2008 - Companies of all sizes and across a multitude of industries are increasingly focusing their attention and evaluating SWIFT. SWIFT, the Society for Worldwide Interbank Financial Telecommunication is a member-owned cooperative through which the financial world conducts its operations. Headquartered in Belgium and founded in 1973, the organization provides a proprietary communications platform and services allowing its customers to connect and exchange financial information. SWIFT is solely a “carrier of messages” and transports messages between two financial institutions; it does not hold funds nor manage accounts. Read more...
Treasury & Risk, October 2008 - A riskier economy is actually increasing spending on treasury technology for tools that provide visibility of all cash, improve cash forecast accuracy and clamp better controls on the movement of funds. Read more...
Corporate Financial Systems Journal, October 2008 - Kyriba has announced a string of North American wins for its SaaS
treasury management system. The wins have come at a diverse range of corporates,
including utility company, American Water Works Company; Canadian
self-unloading bulk carrier firm, the CSL Group; retirement community developer,
Erikson Retirement Communities; not-for profit electricity distributor,
Mid-Carolina Electric Cooperative; and tobacco group, Reynolds
American.
Corporate Financial Systems Journal, September 2008 - System selection is a bit of a minefield at the best of times,
but when you throw in the option of application service provider (ASP)
offerings, a difficult decision becomes even harder. James Ling speaks to the
vendors to see what is on offer in this space. Read more...
Corporate Financial Systems Journal, July 2008 - Kyriba has had a win for its TMS at Partners HealthCare. The
hospital partnership has taken a number of modules including core cash,
forecasting and in-house banking.
GTNews, July 2008 - This article looks at how application service provider technology is being offered by banks to their corporate clients. What benefits can this bring and what pitfalls should corporates avoid? Read more...
AFP Exchange, December 2007 - The advent of Treasury ASP has made access to treasury workstation technology affordable, safe and easy for many more corporations. AFP Exchange, December, 2007 Read more...
Journal of Corporate Treasury Management, March 2007 - This paper provides a brief history of treasury technology over the past twenty-five years and discusses how technology has contributed to the transformation of the treasury role from data gathering to risk managing to business partnering. It discusses how the next wave of internet technology, coined Web 2.0, will continue to create signficant value for the treasury organisation in the form of more automation, real-time information and enhanced decision-making. In particular, ASP models, also known as application service providers, where the system and data is housed outside a company’s own servers, will continue to grow in functionality and popularity. The impact ASP (or software as a Service ‘SaaS’, synonymous with ASP) can have on treasury operations of all sizes is also examined. Finally, potential trends over the next several years are considered.
GTNews, July 2006 - The director of global cash management at GFI discusses the company's steps in choosing a global treasury solution and offers advice to other companies making the same significant decision. Read more...
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