GUIDE TO TREASURY TECHNOLOGY - Association of …

GUIDE TO TREASURY TECHNOLOGY

WWCP

Guide to Treasury Technology

WWCP

? Association for Financial Professionals, ACT (Administration) Limited and WWCP Limited (except articles by Bloomberg LP), 2016

ACT (Administration) Limited 68 King William Street, London EC4N 7DZ UK

Association for Financial Professionals 4520 East ? West Highway Suite 750 BETHESDA MD 20814 USA

WWCP Limited No.1 Britten's Court Clifton Reynes Olney MK46 5LG UK

ISBN

978 1 899518 47 0 book 978 1 899518 48 7 CD ROM

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Association for Financial Professionals, ACT (Administration) Limited, and WWCP Limited.

? For articles: Bloomberg LP, 2016

All rights reserved. No part of the articles may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Bloomberg LP.

Design and page layout by MJP, Ashbourne, Derbyshire, UK Printed in the UK

DISCLAIMER: The material contained in this publication is not intended to be advice on any particular matter. No subscriber or other reader should act on the basis of any matter contained in this publication without considering appropriate professional advice. The publishers, authors, third party information providers, editors, and sponsor expressly disclaim all and any liability to any person, whether a purchaser of this publication or not, in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance upon the contents of this publication. The information and views set out in this publication are those of the author(s) and do not necessarily reflect the official opinion, views or policy of the Association for Financial Professionals, ACT (Administration) Limited and WWCP Limited.

Contents

Foreword

v

Acknowledgements

vii

Introduction

1

Chapter One: The Development of Treasury Technology

4

Article: The Evolution of the Corporate Treasurer

10

Chapter Two: Drivers for Reviewing Technology

13

Case study: Using Treasury Technology to Support the Wider Business

15

Chapter Three: What is the Purpose of Technology?

21

Case study: Using Technology to Improve Process Quality

29

Chapter Four: Treasury Technology Solutions

34

Article: Treasury Departments Can't Be Strategic When They're

Stuck in Spreadsheets

55

Chapter Five: Evaluation

57

Case study: Planning Pays Dividends

62

Chapter Six: Selection

80

Case study: Extending Treasury Functionality via SaaS

84

Chapter Seven: Implementation

99

Article: Winning Support for New Technology

108

Case study: Set Aside Enough Time to Prepare the System

112

Chapter Eight: Maintaining the Solution over Time

116

Case study: Maintaining Efficiency in an Implemented System

120

Chapter Nine: Looking to the Future

123

Appendix: Developing a Request for Proposal

129

ACT ? AFP Guide to Treasury Technology

iii

Contents

Country Reports Argentina Australia Belgium Brazil Canada Chile China Czech Republic Denmark Finland France Germany Hong Kong India Ireland Italy Japan Luxembourg Mexico The Netherlands Norway Poland Russia Saudi Arabia Singapore South Korea Spain Sweden Switzerland Taiwan Turkey United Arab Emirates United Kingdom USA Venezuela

A Glossary of Treasury Technology Terminology About Bloomberg Treasury & Risk Management About Re-order form

iv

133 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168 170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 202

207

218

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224

ACT ? AFP Guide to Treasury Technology

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