• Selecting and implementing a TMS

    In the previous article in this two-part series, we explained how a treasury management system (TMS) can help a treasurer do their job more effectively. Here, we take a look a look at the different types of system on the market and outline the key steps in the TMS selection and implementation process.

  • Should treasuries build their own software?

    With all the treasury technology available today, there are still occasions when treasurers may feel that the specific tool they require is not available. Some proactive treasurers have addressed this gap by developing the tools they need themselves.

  • Banking portals advance rapidly; treasurers still not biting

    The banks have a lot to say about their portals – but are they offering something new? This month, Treasury Today reviews recent developments in the portals market and considers how this area is likely to evolve in the future.

  • Trading online update – FX portals

    Atriax closure – the aftermath

    The big news of last month, of course, is the closure of Atriax, the FX portal backed by the three biggest FX banks (Citibank, Chase and Deutsche). Back in the heady dotcom days, everything was going to be delivered electronically and FX was the perfect financial product for a portal – a commodity product in a very liquid market.

  • Treasury Systems Today - update report

    Is the RFP needed any more when selecting a system?

    “No” say some system providers

    The larger system providers argue that the real gains that are to be made when implementing or upgrading a treasury system are changes in process rather than major developments in system functionality. Is this reasonable? And is there a difference between the company that is implementing a system for the first time and a company that is upgrading to the latest version?

    We have talked to a number of users and system providers about this and believe that there are trends emerging.

  • Treasury Systems Today – our summary of the key news item

    One of the key issues facing many system providers is what to do about those online FX portals. Users of treasury management systems that we talk to, like the idea of the FX portals, but want to see the portal functionality accessed through their existing treasury systems thus achieving an integration with existing processes and automated or semi-automated processing of the trades – often referred to as STP or straight through processing.

  • Employee use of the Internet and e-mail

    Increasingly staff in all types of businesses have access to the Internet and e-mail as part of their jobs. As a result, companies are realising that they need to develop a policy for how their staff use these means of communication. Any company that does implement such a policy may feel the resentment of their staff, particularly if the policy is perceived to be too draconian. The purpose of this article is to understand why a company ought to develop such a policy and what one should contain.

  • Electronic Banking and Security

    In this article we look at the need for adequate security procedures for the use of electronic banking systems. As the various systems develop, communication gets quicker and full automation gets closer. At the same time, the potential damage from error and fraud gets more difficult to identify as real-time payments are used more often. The finance manager has to be increasingly aware of the prudent precautions to take in order to reduce the company’s exposure to losses from erroneous and fraudulent use of the electronic banking system.