The Next Generation TMS

The Next Generation TMS

In the current treasury environment, adjust corporate ï ¬? Nance , treasury and risk throughout the functional areas of people, processes and locations is a "now" realistic approach to the operation funding needs . Treasury isolation can no longer risk-focused peers or colleagues around the world team. This new approach , the Ministry of Finance needs to work to ï ¬, flexibility , mobility and collaboration. This change requires a deep and dynamic technology, changes in technology and user wireline work is to establish a new world - .

Beyond the world of new technologies , so that various other groups to communicate - it has also changed the conversation. It gives ï ¬? Financial professionals and global capabilities that they need to move forward the organization , so that group and I ¬? Financial intelligence , they need to work together to deliver shareholder value . With more than half of the respondents to a recent survey by the Financial Risk Professionals Association (AFP) said that their organizations to reach more earnings uncertainty today than ï ¬? VE years ago, 63% of the reports , there is now a greater administrative review their strategic vision. However, many companies still operating with the old world of money management techniques.

According to Aite Group, Enrico Camerinelli , "the treasurer have used many of treasury management system standard , but may find these same financial system is unable to cope with the increasingly complex demands ." Global I ¬? During the financial crisis , these complex financial officer and CFO whistleblowers . Advice I ¬? RM marks the global bond strategy I ¬? Financial crisis INI ¬, deflection point intelligence function in the evolution of the state treasury to the enterprise . Since then, the role of the state treasury has been extended to I ¬? Organizational and financial nerve center of the new regulatory regime has started rolling on a global scale . Treasury now has an updated list of requirements, prompted it to change its organizational structure.

"R" is the risk

Global bonds optimize their business processes across the enterprise for greater visibility of cash and risk activities , a comprehensive understanding of their risk , the greater the I ¬, flexibility to respond to market and regulatory changes in the global and local level . Risk has penetrated into all activities , including cash , debt and investment .

These new requirements , requiring a new treasury management technology solutions for the next generation of more strategic business requirements treasurer . Need more than workstations, it is no longer sufficient for the treasury management system is only reporting shell companies such as different operating systems or error-prone spreadsheets. Do this brave new world , the world of complexity.

Citing its 2013 Aberdeen Group treasury and risk management reports , 47% of respondents say they have a risk of increased its total ï ¬? Financial risks , the report DEI ¬? Nes a number of risks , including cash and liquidity risks associated with interest rate risk , foreign exchange and commodities, sovereign risk and reputation risk. In addition, the company failed to meet the new and complex regulations related risks are increasing. Various regulatory agencies in the world ï ¬ implement difficult period ? Maintenance. Dodd - Frank Act and the European market infrastructure regulation (EMIR), the International Accounting Standards Board 's IFRS 9 Financial Instruments and IFRS 13 Fair Value Measurement , and the U.S. Foreign Account Tax Compliance Act (FATCA ) and foreign banks reports abound, compliance requirements and financial accounts (FBAR), and so on.

Because treasury risk looms too large to changing needs , technology to meet today's needs can not be regarded merely as TMS. Capital and technology of the next generation of a more accurate description is TRM, treasury and risk management . TRM said the Treasury now needs a solution , so that the overall approach to risk management , cash activity can no longer be considered separately and carefully from the other side I ¬? Financial risk activities affecting cash ï ¬, OWS. In fact, the Ministry of Finance is now needed for all-in- one solution that enables organizations to participate in the activities of Treasury extended an integrated approach . Ready for an integrated financial and risk management solutions process and other necessary organizational structure according to Aberdeen's report and is currently being implemented by 29.6% of respondents , 40.7% expected to implement these functions.