Giving Cash Processing a Real-time Boost
Jabil’s global AP structure streamlined with Serrala FS2. Serrala Alevate CashApp is delivering next-level AR processing For US-based high-tech manufacturer Jabil, AP was spread globally across three shared services centres. With manual processing and no standardisation, it was time for cash processing to get a technology boost. Serrala delivered in a project that TMI is […]
Transactional FX: Maximising Efficiencies and Unlocking Cash Management Opportunities
As the speed of global commerce increases, and the desire for transparency across all areas of business intensifies, more treasury teams are discovering the benefits of automating their transactional foreign exchange (FX) workflows. In this article, two senior leaders from Barclays Corporate Banking explain the drivers behind the rise – and democratisation – of transactional […]
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, […]
Innovation: Delivering Real Value in New Ways
J.P. Morgan, through its partnership with TMI’s Innovation Lab, is demonstrating that it both understands the importance of embracing innovation in the treasury space and of maximising its real value. Tammy Petro, the bank’s Global Lead for Wholesale Payments Innovation and Fintech Engagement, talks to TMI about the real technology experience. Innovation, by its very […]
Co-Creating a Digital Treasury: Myth vs Reality
Many discussions around treasury technology focus on the leading-edge developments made by a handful of highly sophisticated treasury functions. Meanwhile, the majority of treasury departments are struggling just to achieve the basics. Could co-creation between banks and corporates offer a simpler path to embracing digital treasury innovation? Visibility and control remain key for treasurers looking […]
Through the Portal: Opening the Door to Process Efficiencies at Drax
Drax’s Treasury and Corporate Finance team needed a new money market fund (MMF) portal solution to improve their control environment, streamline their workflow and automate their manual processes. Here, Lisa Dukes, Deputy Group Treasurer, Drax, outlines the benefits of choosing and implementing ICD Portal, and shares key learnings from this Award-winning technology journey. Aiming to […]
A Dynamic Partnership: Bank-Fintech Collaboration Improves FX Risk Management
For the treasury community, one of the hallmarks of 2019 was the growing collaboration between fintechs and banks. Nowhere is this more evident than in the partnership that Kantox and BNP Paribas have forged, helping treasurers to improve their foreign exchange (FX) risk management processes by leveraging sophisticated technology, while strengthening their bank relationship. This […]
Changing the Rules: Redefining MMF Workflows at Drax
Turn the clock back to 2018 and manually transferring money market fund trade data between systems was taking up too much of Drax’s treasury team’s valuable time. Fast forward to today and straight-through processing of data has been achieved thanks to an exemplary implementation of ICD Portal, worthy of TMI’s 2019 Corporate Recognition Award for […]
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 […]
Easing the FX Burden: Why Treasurers are Turning to Fintech
Treasurers and CFOs are the company commanders of foreign exchange, currency hedging, and international payments. Kantox, a leading fintech company, is helping businesses to overcome complex FX challenges with an innovative automated micro-hedging solution called Dynamic Hedging – a worthy winner of TMI’s 2018 Technology Innovation Award for the Best Risk Management Solution. Manual processes, […]
Payments Painkiller – Tackling Compliance Headaches
Now more than ever, treasurers need to take action to reduce the risks around payments – especially when it comes to sanctions compliance. Here, Joerg Wiemer, CEO, Treasury Intelligence Solutions (TIS) GmbH explains how centralising sanctions screening, and integrating it into the payment process, can help to keep corporates safe from compliance breaches. Eleanor Hill, […]
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the blow-by-blow account. Reflecting on an insightful few days in Geneva, it’s clear how much […]
The Journey to Automation: How Far Along Are We?
Historically, the mantra of “it ain’t broke, don’t fix it” has served us well in treasury. The sheer complexity of the many functions we may be running means that established structures and procedures are trusted to get the job done, in a way that new tech or platforms aren’t. But the missed opportunities for businesses, […]
Optimising Cash and Liquidity Management with Virtual Accounts
As corporates have become increasingly international, their liquidity and risk management challenges have become more complex. As a result, the role of a corporate treasurer is becoming increasingly strategic, with treasurers now having a far wider range of responsibilities than in the past. In a demanding and shifting business environment, treasurers are therefore looking for […]
The Next Generation of Financial Messaging for Corporates
Finastra has a long heritage of providing SWIFT connectivity and service bureau services to corporations and financial institutions through its predecessor company D+H, and together with the Misys Confirmation Matching Service (CMS), is the industry-leader in confirmation matching solutions for foreign exchange, money market, FX options, commodities, and derivatives transactions, providing these services to over […]
How Digitisation is Improving Corporate Payments
In recent years, the corporate payments management sector has suffered from underinvestment in many organisations, in both process rationalisation and technology infrastructure. This has led directly to a range of operational challenges, including inefficiencies, increasing control, security and compliance risks, high error rates and the proliferation of disjointed solutions which require an expensive patchwork of […]
CIPS – China’s Hybrid Net Settlement Clearing System
CIPS will replace the current arrangement for offshore CNY which uses designated clearing banks. CIPS does not replace SWIFT, but uses SWIFT messaging and formats. The net result is faster and more reliable cross-border CNY payments for all users. What is CIPS? We all thought CIPS stood for China International Payment System. But ever keen […]
SunGard Treasury Systems
SunGard Treasury Systems (STS) approaches Straight Through Processing through the delivery of a full service, based upon the integration of its core treasury solutions with the major internal and external parties who provide information to (or require information from) the corporate treasury. The internal parties involved may include operating entities such as subsidiaries, business units […]