Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016 - (Page 38)

LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE - N°93 - APR / MAY / JUNE 2016 CORPORATE FINANCE 38 WITH CLOUD TREASURY TECHNOLOGY Finance professionals in multinational corporations are working with a variety of different software applications, including ERP systems, bank portals, market data tools, trading platforms, risk applications and treasury systems. Working with all of these programs, companies often find themselves manually keying in the same data more than once. This is not only burdensome and inefficient, but it is also a source of error. However, software that integrates treasury and risk management processes end-to-end helps improve operational efficiency and eliminate manual intervention. As straightthrough processing and integration with existing IT infrastructure are important, it is helpful to consider how differently installed systems and cloud platforms handle connectivity. Why Installed Software Is More Difficult to Integrate and Maintain With an installed treasury system, a company's IT department will provide the hardware, coordinate the technical side of the implementation and be responsible for ongoing system performance and security. The treasury system´s data base will be inside a company´s data center. The application is running on a company´s servers, so the company's IT team can access and mine the data base any time and connect its treasury system through APIs (Application Programing Interfaces) with the other solutions used in treasury. Working directly in the data base is not only highly complicated, but also not state-of-the-art because: * Manual intervention inherits the risk of human error * Data manipulation is a potential source for fraud * Performance might be impacted and slow down the application Aside from security risks and performance issues, programing interfaces is no one-off effort. Interfaces need regular checks and updates to ensure smooth data exchange. Meaning, treasury professionals are heavily dependent on internal IT resources to set up and maintain the interfaces between the treasury system and the other applications used in treasury.

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016

Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW David Blair - How should we set up an efficient KYC Process?
FOCUS
IFRS 9: Hedging - Treasurers will love it
From 17 to 16 reLEASE of the new LEASE accounting standard
Block chain - Is this buzz word turning into a reality?
Bank Single Gateway, the Plumbing of Bank Connectivity
FORUM
Geopolitical threats for the year ahead
Treasurers proceed with caution
Des difficultés en série pour les nouveaux entrants
Easing the Burden - Is a global KYC standard needed?
European trade repository of the year
La dette senior Européenne, un regard nouveau sur l'obligataire
CORPORATE FINANCE
Stay connected with cloud treasury technology
From stone age to straight through processing
Differentiators for treasury management systems
Complete securities financing solutions for corporates
A full and balanced "meal" for your retirement?
15 MINUTES WITH FinMetrics
THE FINANCIAL RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS

Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016