Treasury Management Systems Overview

Treasury management systems overview

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Contents

Introduction .......................................................................................................................5 Evolution in treasury and impact on the treasury management system (TMS) landscape ............................................................................................ 7

Trends in treasury technology....................................................................................................... 7 What influences treasury technology?........................................................................................... 7 FinTech -- a driver of disruption......................................................................................................8 Enhancement of treasury reporting................................................................................................9 Customization........................................................................................................................... 10

TMS landscape ............................................................................................................... 13 TMS selection and implementation approach .............................................. 15 Vendor profiles............................................................................................................... 21 EY Treasury services contacts..............................................................................74

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Introduction

The strategic importance of the treasury organization has increased steadily over the past few years and has impacted their structure and scope. Treasury organizations have become more important reflecting the increasing complexity of business strategies and are expected to continue to respond to the increasing pace of change. Finding the right response to the right questions on the treasurer's and CFO's agenda can make the difference between a thriving company with a solid credit rating and an organization struggling with liquidity and credit downgrades. Therefore, having a scalable and clearly defined target treasury organization, as well as a forward-looking governance structure, is crucial. Companies have also come under increased pressure from shareholders and regulators to increase transparency and improve financial performance. These expectations are leading to a significant change to the treasury function as activities are increasingly being centralized. Many organizations have just begun designing future target operating models for their treasury organization. Technology is always changing, but as much as things change, the central technology within treasury is the calculation and processing power of the treasury management system (TMS). TMS software has been at the forefront of driving the automation of treasury functions, straight-through processing and integration with other systems to the harmonization of enterprise technology. In order to reduce the need for customization, the choice of TMS should focus on the most appropriate option to fit the specific business requirements of an organization, now and into the future. This overview includes a section containing responses provided by several TMS vendors to questions about their company profile and their product's functional capabilities and technical aspects. Its purpose is to provide an overview of vendor capabilities, integration and deployment. The vendor information contained in this brochure is sourced directly from respondents who agreed to participate in the questionnaire prepared by the EY Global Treasury Services teams. The lead-in section of this brochure also includes our observations on the current TMS landscape and trends, as well as our suggested approach when conducting a TMS selection and implementation project. The objective of this guide is to provide a clearer picture of the TMS landscape and the relevant thought processes that your organization may be faced with when selecting and implementing a new TMS.

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