• Electronic Funds Transfers

    The increasing use of information and communication technologies has changed the way consumers and businesses interact and make transactions. At the same time, banks have adapted their services, particularly for the internet. These developments have impacted on the payment instruments and payment channels used to transfer funds electronically.

  • Alternatives to Treasury Management Systems

    The current focus on governance and risk management has increased the reliance of many treasuries on technology. Achieving a match between the requirements of the treasury and the technology in place is key to the success of the treasury department. After all, the purpose of treasury technology is to make treasury operations more efficient, freeing up the treasurer to focus on more complex tasks such as risk management activities.

  • Treasury Management Systems – choosing a TMS

    The selection of a TMS appropriate for your treasury is an important task. Choosing a system which is incompatible with the needs and environment of your treasury can have disastrous results. We set out the structure for the three major phases that all TMS selection projects should include and explain how some of the common pitfalls can be avoided.

  • Treasury Management Systems – when to replace your system

    Technology has become increasingly important within the corporate treasury in recent years. Treasury Management Systems (TMSs) have become widespread in corporate treasuries of all sizes. The automation of treasury processes (and the subsequent audit trail generated by this automation) that these systems provide has enabled treasuries to perform more complex tasks than before while complying with increasingly stringent governance requirements.

  • Treasury Management Systems – an overview

    Welcome to our new e-treasury and Treasury Technology section. This section has been renamed to reflect the fact that technological developments play an increasingly important role within the treasury. In light of this slight shift in focus, this month we begin a four-part series looking at Treasury Management Systems. In this article, we look at Treasury Management Systems and how they can be used to meet many of the challenges facing the corporate treasurer.

  • Payment innovations

    Technical advances have enabled technology companies to offer customers an ever more dazzling array of products and services in recent years. The spectacular explosion of the internet, in particular, has resulted in many companies revolutionising the way in which they conduct transactions, handle information and communicate with their customers and banking partners. At the same time, the uptake of new technology has resulted in the development and introduction of several new payment methods. In this article we focus on one of the most significant new payments technologies: Radio Frequency Identification (RFID).

  • Email policy and compliance

    Most companies now have systems in place to control employees’ access to information on both the internet and internal electronic files through established authentication mechanisms. However, the use of email remains mostly unrestricted. Users are often able to send any message they want, regardless of the content, to whomever they desire.

  • e-invoicing

    What is e-invoicing?

    e-invoicing is a technology solution for the paperless handling and processing of business to businesses invoices for goods and services. It has been around for several years, but so far the takeup has been relatively slow. Despite the numerous advantages it has over paper invoicing, the majority of corporate invoices are still paper-based and obstacles to the adoption of electronic invoicing and payments remain.

  • Real Time Nostro

    What is Real Time Nostro (RTN)?

    Nostro accounts are accounts that a bank holds with another bank, usually in a foreign country and in a foreign currency. Real Time Nostro is a software application that allows banks to share nostro account data in real time. In the past, banks have been reconciling their nostro accounts, using endof- day reconciliation statements. Real Time Nostro gives banks the ability to reconcile their nostro accounts intra-day via the internet or SWIFTNet. In addition, banks can receive a consolidated view of all of their multi-bank, multi-currency nostro accounts, which makes it possible for them to manage their liquidity based on real time instead of end-of-day balance information.

  • The harmonisation of payments standards

    Banks and companies use many different technologies for transmitting payment information. Many of today’s ERP, treasury management and banking systems are proprietary solutions from multiple vendors and are based on different standards for sending messages and payment data.