Trésorier/Treasurer magazine - N°93 - Apr/May/Jun 2016 - (Page 41)

CORPORATE FINANCE ONLINE WWW VERSION FROM STONE AGE TO STRAIGHT THROUGH PROCESSING We are living in 2016. People are walking on the moon and kids are sharing a video with friends around the globe in the blink of a second. However, when we look at the process of making payments and gathering statements, there is still much room for improvement. Multiple electronic banking systems to log into, different tokens & codes. Poor control on overseas bank activities, little integration with ERP and/or the TMS and last but not least, too much dependency on banks (think of the example where RBS has withdrawn from the market). The question I would like to answer is the following: Why are we stuck in the Stone Age? 1.The payment landscape is complex. This is understandable since there are many banks, communication standards & payment formats. On top of this, the payment area is in a constant state of change. 2.M&A's: every acquisition increases the complexity of the payment landscape. 3.Routine: management is accustomed to this inefficient process. 4.People, working in cash management, are often too busy to initiate such a project. We believe the above-mentioned points present opportunities. It makes sense to sit down and reconsider the payment and collection process of your organization, but where to start? Consider the advantages of a multi bank solution. This will bring you the following benefits: 1.You will have one system to connect all your banks. 2.Your EB system will be bank independent. 3.You can view your cash position in one screen. 4.You can view all your payments in one screen. 5.Your statements will be collected automatically. 6.Company wide, you will have one type of security token. 7.You will have 100% control over all bank accounts & mandates. 8.You will reduce costs by optimizing the use of several communication channels in parallel. 9.A fast integration with any ERP system and TMS. 10.Switching banks is easy! N°93 MultiCash partner Benelux - Philip Wielenga LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE Multicash - APR / MAY / JUNE 2016 41

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