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A Silver Lining for RFPs

fter scooping the “Best Portal Technology Solution” accolade in TMI’s 2018 Awards for Innovation and Excellence, John Laurens, Group Head of Global Transaction Services at DBS, explains how the bank’s cutting-edge cash management simulation platform, DBS Treasury Prism, continues to push the boundaries on client-centric innovation. He also outlines how corporates are benefiting from this unique platform and describes some of the new features that have been added in recent months.

TMI: For those treasurers who aren’t familiar with Treasury Prism, what is it in a nutshell?

John Laurens (JL): DBS Treasury Prism is a bank-agnostic platform built for the corporate treasury and finance community to simulate – and ultimately optimise – treasury and cash management for their business in Asia. It offers an interactive platform for treasurers to model various cash management solutions as well as receive relevant contextual insights on tax and market regulations in real-time. By leveraging these capabilities, treasurers can explore and identify the cash management structure that best fits their company’s objectives.

Treasury Prism comprises three core components: Simulation, Optimisation, and Market Insights. Through the use of algorithms, each simulation is assigned a ‘score’ based on the benefits and costs associated with its underlying accounts, flows, and structure created by the user. The ‘Optimisation’ capability is unique to Treasury Prism – the platform recommends a spectrum of feasible and optimised cash management structures for treasurers to explore. They benefit from advisory on applicable market regulations and tax, as well as potential opportunities to reduce cost and/or improve efficiency. 

Why did DBS decide to create Treasury Prism? What concrete benefits does it deliver to treasurers?

JL: Treasury Prism was co-created with the corporate treasury community. We used customer journey thinking and agile methodology, to engage over 50 finance and treasury professionals across Asia to shape the platform through ideation, development and beta testing stages.