Renault Treasury Motoring Ahead with DataLog Finance
French multinational automotive manufacturer Renault’s Sylvie Faure, in charge of Cash Forecasting, and Cyril Schäfer, Head of Euro Cash Management, tell TMI how DataLog Finance’s TMS is driving next-level treasury efficiency. The primary goal of Renault SAS’s (Renault’s) daily cash management process is maximising cash centralisation. As with many companies around the world, the pandemic […]
Treasury Innovators
FIS scoops Best Cash & Treasury Management Solution and supports a duo of corporate wins The TMI 2021 Awards season emphasises the role vendors can play in the success of their corporate clients. FIS not only takes the Technology & Innovation Award for Best Cash & Treasury Management Solution itself, but two of its clients […]
Predicting the Future – 5 Treasury Megatrends for 2022
The past 24 months have been anything but predictable. Yet, beneath the Covid umbrella, the world continues to turn, and progress marches on – especially in the area of transaction banking. But how can treasurers assess the latest industry innovations and sort genuine trends from hot air? Julie Lubell, Global Head of Trends & Intelligence […]
Citizen Development: the New Productivity Engine for Corporate Treasurers
‘Citizen development’ is about encouraging non-IT professionals to learn software development skills. With the roll-out of low-code platforms, can treasurers really start creating their own business applications? Citizen developers are employees who don’t have a coding background but do have the skills to create or customise applications to solve business problems, cost-efficiently boosting productivity without […]
We Need a Better Solution: A Treasurer’s Legacy Tech Escape Plan
The phrase ‘legacy technology’ may invoke images of ancient and unstable IT systems that must be replaced as soon as possible. But is this always the case, and how easy is it to move away from such systems? We sought views from a number of specialists. Although the notion of ‘legacy technology’ makes for a […]
How to Gain Visibility and Take Control of Payments and Cash
When it comes to payments, cash, liquidity and spend management, bank system independence is both desirable and achievable. Coupa’s Rajiv Ramachandran, Senior Vice President, Product Strategy & Management, Coupa Pay, explains why and how. In a global economy, where political, social and economic uncertainties persist, the effects of such disturbances are witnessed first-hand, and on […]
Bel Group: A Treasury Transformation in Progress
Bel Group’s selection of Kyriba’s platform for global treasury, payments and risk management is all about bringing disparate processes and business units into line. Benoît Rousseau, Group Treasury and Insurance Director, Bel, talks to TMI about his choice and what he now expects. The Bel Group is a world leader in branded cheese and a […]
Aligning Treasury, Finance and IT: The Ultimate Collaboration
Jukka Sallinen, CEO of Finnish fintech Nomentia, speaks to TMI about the benefits to the corporate functions of treasury, finance and IT working together to navigate their way through the hype surrounding emerging technologies. Ben Poole (BP): Treasurers strive to ensure that their cash management processes are efficient. What are the main roadblocks to achieving […]
Payments Tech: Delivering Strategic Advantage
The payments space has been put to the test over the past 18 months or so as businesses continue to face up to the challenges of the pandemic and intense commercial pressures. As new channels of operation and innovative technologies come on stream, Luc Belpaire, Product Management and Business Development, Trax, Enterprise Treasury and Payments, […]
How to Tackle KYC and Other ID Pain Points
Following the launch of Verafide, the UK’s first open source blockchain-based platform for verifiable credentials, TMI talks to the firm’s technical adviser about know your customer policies and other corporate uses cases. The processes attached to client onboarding in the financial services industry are often denounced by both bank and corporate client as a major […]
TIS EPO: Reimagining the World of Enterprise Payments
Treasury Intelligence Solutions’ (TIS) Enterprise Payment Optimization (EPO) takes a vital process, removes its complexities, and improves visibility for every participant in the chain. Stating such a goal is simple. But, as TIS explains, delivering on such a message requires some rather special thinking. Payments sit at the heart of every single business. In short, no […]
Smart Treasury
6 Steps to Building a Cutting-Edge Treasury Today As corporates implement innovative digitisation plans, what impact will these changes have on the role of the treasurer? In a recent podcast, Sunday Domingo, Head of Digital Product Management, Digital Channels & Data Analytics, Standard Chartered, and her colleague Byron Gardiner, Executive Director, Structured Solutions and Advisory, […]
Pandemic Powerhouses
TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As much as the financial crisis of 2007/8 had provided some insight […]
Introducing the Winners
Banks and Vendors Take Treasury to New Heights Bank Awards Where better to start this celebration of innovation and excellence than with the Global Bank of the Year for Cash And Liquidity Management – HSBC. Throughout 2020, the bank added to its digital capabilities, with a new cash flow forecasting tool and an enhanced mobile […]
Perfection in Practice
FIS Helping Clients Build Optimal Treasury Environments in Good Times and Bad TECHNOLOGY & INNOVATION AWARDS Cash & Treasury Management Solution As outright winner in the Best Cash & Treasury Management Solution category two years in a row, FIS is at the top of its game. But the vendor had more to offer TMI’s judges, […]
Can’t Touch This
Serrala Creates Frictionless AP and AR Cloud Solutions TECHNOLOGY & INNOVATION AWARDS Accounts Payable & Receivable Solution For the sixth year running, Serrala has been awarded the Best Accounts Payable & Receivables Technology Solution by TMI. In 2020, the acclaimed vendor of finance and treasury solutions launched touchless receivables and payables tools that are invaluable […]
SCF for International Trade: Exploring New Frontiers
Cash management is critical for any business, as are well-managed operating costs and productivity, not to mention more efficient processes and relationships with suppliers. Supply chain finance (SCF) programmes tick all the boxes in delivering the above. Big retailers globally have successfully implemented SCF programmes for more than a decade, with many taking advantage of […]
Why Trade Finance Market Places are the Way Forward
The Covid-19 pandemic resulted in a significant slump in global trade volumes in 2020, with the latest World Trade Organisation (WTO) forecast estimating that global merchandise trade will shrink by 9.2% year-on-year. If there is any silver lining to the crisis, however, it is that it has accelerated the adoption of digital trade processes and […]
Specialist Treasury Technology: A Breed Apart?
The idea that best-of-breed selection, as opposed to a traditional ‘full stack’ TMS, is the way forward gets the TIS ‘Executive Briefing’ treatment in its latest paper. But are treasurers ready to abandon their love of TMSs and migrate to best-of-breed solutions instead? When research by HSBC demonstrated in late 2019 that 69% of treasury functions currently […]
Real-time Multi-Bank Reporting Through Open Banking
Open banking is not just a retail banking phenomenon. This global trend also has the potential to significantly improve the working lives of corporate treasurers – by enabling aggregated, real-time, multi-bank reporting at the click of a button. Open banking is taking hold across the globe. It forms the foundation of an ecosystem of new […]
Going Above and Beyond: Treasury Technology Pioneers
By Eleanor Hill, Editor There is a big difference between simply using technology and leveraging it to the fullest extent. FIS, a global leader in financial services technology, with a focus on treasury and risk management, payments and credit and collections, has been helping clients to maximise the value they achieve from technology, and taking […]
Petrofac: From PDFs and Excel to Treasury Disruptor
Thanks to a long-term partnership with with ION’s Treasury Reval, the treasury function at energy services company Petrofac has undergone a radical pivot – from PDFs and Excel to embracing artificial intelligence and robotic process automation. Now, the company’s treasury organisation is among the world’s elite, setting and defining new benchmarks across the industry, as […]