Treasury is becoming increasingly strategic and global, and in 2010 we saw risk management high on the agenda of corporate boardrooms. Wall Street Systems prides itself in an ongoing investment into safeguarding our clients in today’s constantly changing market.
Wall Street Systems continues to offer market-leading solutions to corporations of all sizes to ensure visibility, real-time control and reporting of exposures and risk. In addition to Wallstreet Suite, the solution of choice for the world’s leading organisations with the most complex treasury requirements, this year we have expanded our range of solutions with the acquisition of City Financials, already used by over 50 mid-size and large organisations.
We have also made a significant investment in the fast growing electronic Bank Account Management (eBAM) market with the acquisition of Speranza Systems Inc. This market-leading solution streamlines processes, and eliminates inefficient paper-based practices for administering bank accounts and signature authorities. Wallstreet eBAM allows the corporation to switch to an automated process, helping them to better manage internal resources. Time is saved when opening, maintaining and closing bank accounts. The corporates have the ability to expedite some of the processes should financial institutions eliminate credit or servicing falls below acceptable standards. The corporate can now maintain robust audit trails and eliminate risk, also improving the quality of internal compliance controls and tracking of request status – vital for complex global corporations when dealing with hundreds or thousands of bank account relationships.
Wall Street Systems’ plans for 2011 include ongoing support of clients across the globe, ex cellence in on-boarding new clients, and driving innovation to meet the future demands of corporate treasury.