Articles tagged with:

  • Gas containers

    The difference between data and information

    Business intelligence systems today bear little resemblance to the monolithic IT-driven projects of old. When a company can derive useful financial data as and when needed without the aid of an IT department, it is proof that the technology has emerged into the sunlight at last.

  • Expensive TRM systems are worthless without the latest version

    Over a quarter of FTSE 150 corporates may be heavily exposed to financial volatility given the lack of effective treasury and risk management (TRM) systems in place, new research has found. According to the survey, released by Reval on Monday, 26% of FTSE 150 businesses have not implemented automated TRM systems, “leaving companies unable to adequately handle a multitude of risks.”

  • Mark Buitenhek, ING

    Bank Interview: 
    Mark Buitenhek, ING

    Becoming SEPA-proof, innovation in European payments and overcoming the scarcity of liquidity: we discuss these topics and more in this interview with Mark Buitenhek. We also touch the idea of treasurers de-coupling from bank standards and how technology is driving this trend.

  • Does SAP have its head in the clouds?

    The world of ERP and B2B integration is moving further into the cloud in response to the increasing number of corporates that shift their businesses processes online.

  • Uta Kemmerich-Keil, Executive VP, Head of Corporate Finance, Merck KGaA

    Corporate View: 
    Uta Kemmerich-Keil, Merck KGaA

    Merck KGaA is a chemicals and pharmaceuticals company based in Darmstadt, Germany. Its pharmaceutical, chemical and life-science businesses are organised into four divisions: Merck Serono, Consumer Health Care, Merck Millipore and Performance Materials. The company employs more than 40,000 people and operates in 67 countries worldwide.

  • Martin Schlageter & Dennis Reneau, Roche

    Problem Solved: 
    Martin Schlageter & Dennis Reneau, Roche

    Supplier finance solutions offered to Roche in the past were somewhat country-specific offerings from banks, based on local contract documentation, local data exchange/IT-connectivity with banks and local supplier financing portals for suppliers. “Local subsidiaries were assessing local solutions that caused substantial efforts for IT to implement on regional or global ERP-systems,” says Martin Schlageter, Head of Treasury Operations.

  • SaaS ERPs ‘could cost more in the long run’

    We all know the benefits of implementing an ERP system using the ‘software as a service’ (SaaS) model – quicker implementation, lower upfront costs and online access for your business units. But three years down the line, treasurers could be left out of pocket, according to consultant Sunil Padmanabh, Research Director at Gartner India Research and Advisory Services.

  • Most ERP projects botched

    Almost two thirds of all ERP implementations are botched in one way or another. The sad statistic was revealed in a report by Focus, the business technology experts.

  • TMS – icing or band-aid?

    Treasury management systems are often considered the icing on the cake for the treasury department: they require investment, but can boost efficiency, visibility and process integration for a team covering a lot of functions. But they also have another use – as a band-aid, holding treasury operations together when merging or acquiring other firms.

  • Treasurers at a tipping point, even if they don’t know it yet

    From the treasury perspective, the world changes slowly. Markets and products, constrained by complex regulations, develop over periods of years. Corporate treasury processes and systems, and indeed treasury thinking are designed to be conservative. And, according to Daniel Marovitz, Head of Product Management, Global Transaction Banking, Deutsche Bank, speaking at a recent payments summit, banks’ internal processes and decision-making are “glacial”.