Treasury Technology Guide 2022

TREASURY TECHNOLOGY GUIDE 2022 Edition

Treasury Dragons Technology on trial

The Dragons are coming to Amsterdam

Treasury Dragons Live! technology on trial 16th June 2022

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Foreword | 3

technology on trial

An emerging ecosystem for best-of-breed technologies Welcome to the first ever edition of the Treasury Technology Guide from Treasury Dragons.

When we launched Treasury Dragons at the height of the 2020-21 pandemic, we thought it might provide a way for corporate treasury teams to stay up to date with technology while they were unable to travel. It has, of course, become much more than that.

O

ver the past 18 months well over 2,000 people have attended our online events to see 19 solution providers face our panel of expert treasurers. We have found ourselves tracking a significant change in the way treasurers use technology.

Just a few years ago, digitising treasury functions meant betting everything on an all-embracing treasury management system (TMS). Today it’s possible to add capabilities from multiple providers and expect them to connect seamlessly together. Better still, most of these cloud-based ‘best-of-breed’ solutions require little, if any, input from time-poor corporate IT teams.

If there’s a problem, it’s that there are so many emerging solution providers that making sense of the market can be challenging.

to bank account management. This guide is an ideal companion to those live sessions.

In these pages you’ll find insights into what treasurers are thinking, based on exclusive research among our treasury audience, as well as insightful essays from some of the leading solution providers. There’s also a detailed listing of the platforms we’ve featured - and some that have yet to appear.

The Treasury Technology Guide is the latest way in which Treasury Dragons supports corporate treasurers in identifying and assessing the technology solutions that are right for them. We’re launching new online sessions throughout 2022 and we are already preparing for our first Treasury Dragons Live! conference and exhibition.

We hope to see you there.

Treasury Dragons offers a solution. At treasurydragons.com you can see 7-minute ‘elevator pitches’ from the leading solution providers, covering everything from cash forecasting

Mike Hewitt London, December 2021

The Treasury Dragons - Treasury Technology Guide 2022 is published by Adaugeo Media Ltd, Blackwell House, Guildhall Yard, London EC2V 5AE Tel +44 203 086 7753 Editorial enquiries: editor@adaugeomedia.com Advertising enquiries: sales@Adaugeomedia.com Production by The Magazine Production Company, PO Box 2212, Shoreham-by-Sea, BN43 9GB Treasury Dragons is a brand name of Adaugeo Media Ltd © Adaugeo Media Ltd 2022

Treasury Technology Guide

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Treasury

4 | Treasury Technology Survey

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Taking the temperature of treasury technology Treasury is growing in importance, technology budgets are increasing, and improving cash forecasting remains the number one priority for treasurers in the year ahead. These are just some of the findings of our 2022 Treasury Technology Survey, writes David Kelin.

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reasury Dragons surveyed 150 of our corporate treasury readers to set a benchmark against which to measure future progress in treasury technology. We followed up our survey with individual conversations with senior treasury leaders in larger corporations to understand what lies behind the raw numbers.

The picture that emerges is of a treasury function growing in importance within the organisation, increasingly comfortable with emerging technologies such as AI and machine learning, and preparing to spend more on technology to solve complex challenges such as cash forecasting.

Treasury is gaining in importance More than eight in ten treasurers say the treasury function has become more important over the past 12 months (figure 1).

We asked our respondents what they thought was driving this. The obvious answer is, of course, COVID, which was mentioned by 16% of respondents, but there is more to this statistic.

The pandemic has changed how companies operate, driving many to embrace digital transformation.

This could involve, for example, a movement away from ‘wet signatures’ to digital, or the automation of previously manual processes.

COVID has created global uncertainty and with uncertainty comes greater risk. Treasury is often the go-to place to manage risk, and so it should be no surprise that its importance within the organisation has grown.

Company growth was cited by nearly 20% of treasurers; the argument being that the bigger the company gets, the more sophisticated treasury must become and, therefore, the

Do you think the treasury function in your organisation has become more important or less important in the past year?

More important 81% No change 17% Less important 2%

Figure 1 Treasury Technology Guide

greater exposure it has to the rest of the organisation. ‘Company growth necessitates more sophisticated treasury and financing’ was how one treasurer succinctly described it.

Finally, a greater focus on cash and, therefore, the part of the organisation that manages it was described by 31% of the responses as the main reason why the treasury function has grown in importance during the past 12 months. However, this might also be related to the pandemic as, when questioned, companies said that cash became a real focus for them during this time.

‘We need to know how much cash we have within the company and where it is and, more importantly, how we get our hands on it.’ Having liquidity is crucial during these uncertain times, so the focus on cash is understandable.

The starting point: treasury automation today We asked treasurers to rate the current state of automation within their departments (figure 2). Payments, reconciliation, and interfacing to the GL are the most automated processes, but risk management, treasury reporting, and cash visibility still need attention.

When questioned further, our respondents indicated that automation was a key ambition

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Treasury Technology Survey | 5

technology on trial

How automated are your Treasury processes?

60%

50%

40%

30%

20%

10%

0%

Cash Visibility

Reconciliation

Interface to GL

Very Manual

Getting There

Risk Management

Treasury Reporting

Payments

Nearly or Fully Automated

Figure 2

because, as their businesses grow, they expect to need to do more with fewer people. It makes sense then to concentrate on automating traditionally manual processes, such as reconciliation and interfaces to other systems, and payments.

What technology?

We asked our Dragons community what types of system they are currently using: TMS, ERP, Best of Breed, or Other.

The majority (90%) use either a single TMS or a combination of different TMS (from different vendors or the same vendor). The rest use an ERP system (either SAP or Oracle). ‘Best of Breed systems’ are now beginning to replace spreadsheet applications which themselves have been used because of lack of functionality in treasury systems.

The details of this statistic are interesting. TMS or ERP users told us that they were not always happy with the level of functionality these systems provide, and this pushed them to look to

Treasury Technology Guide

Five things to know about treasury in 2022 1 Treasury is growing in importance

More than 80% surveyed believe that treasury has become more important in their organisation over the past year.

2 Technology spend is rising

45% will spend more on treasury technology next year than they spent this year.

3 Cash Forecasting is the number one priority

Cash may be king but forecasting it is still the key challenge for treasurers. 68% of our respondents see this as their number one priority for 2022.

4 Technology matters

99% of our respondents use either a TMS, Best of Breed or ERP system to manage their Treasury. Spreadsheets are still used but not as the primary Treasury tool.

5 Automation is increasing

82% of our treasurers believe they are far along the road to automating their payments processes. Over 40% say that the interfaces from the TMS to the general ledger systems are entirely automated. However, further work needs to be done on automating Treasury Reporting, Risk Management and Cash Visibility.

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6 | Treasury Technology Survey

Best of Breed systems to fill those gaps.

As one treasurer said, ‘We probably expected too much of our TMS; it is not all singing or dancing. So, when it comes to more specialised areas of treasury such as hedging or cash forecasting, we are looking to Best of Breed solution providers to fill the gaps’.

In our interviews, treasurers were open to the idea of Best of Breed or, as one treasurer said, ‘...using a specialist system alongside our existing systems…’ as they needed a level of detail not currently provided.

technolog

What is your (USD) budget for treasury technology in the coming year?

50,000-250,000 51% 250,000-500,000 24% 0-50,000 19% 1m+ 4% 500,000-1m 2%

The biggest concern treasurers expressed about Best of Breed systems is integrating them into the current treasury structure and how implementation and after-sales support would be provided. This was best summed up by another respondent who said, ‘My IT department would like treasury systems to be provided by one system provider, but we accept that this might not be possible. Making the integration as seamless as possible, particularly if it is cloud-based and through an API, would make it an easier internal sell for me.’

Figure 3

“I would love a system that could be implemented in days not years and did not need consultants to implement it.”

Treasurer at a global Retail Organisation.

What do you see as your top three treasury priorities for the next twelve months?

Improving cash forecasting in the organisation 68% Automating more treasury processes 58% Improving the way payments are handled 51% Getting a better focus on cash visibility 26% Understanding risk management and developing/updating our risk management policy 26% Developing an in-house bank structure 21% Preparing for the LIBOR transition 15%

There seem to be two opinions; those that want a completely integrated system like a TMS or nothing else and those that would accept (within boundaries) ‘add on’ systems, provided that the benefits outweighed the disadvantages. And finally, on this topic, it seems that Best of Breed solutions are slowly replacing spreadsheets but perhaps never completely. As one respondent put it: ‘Spreadsheets are often a quick and easy solution to a problem that our TMS cannot solve.’

Treasury priorities for 2022 We asked our respondents to state their priorities for the year ahead (figure 4), and, once again, cash forecasting proved to be the issue that treasurers are most interested in. Here are the top three: 1. Conquering cash forecasting This remains the number one topic. It may also explain why more treasurers are open to the idea of using specialist cash forecasting systems. The feeling amongst our community is that ERP or TMS are simply ‘not up to the job.’ However, as forecasting has become more critical to treasury, there is pentup demand to find a solution. The appeal is to create a robust workflow management system that manages

Figure 4 Treasury Technology Guide

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Treasury Technology Survey | 7

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Treasury’s technology wishlist 30%

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Figure 5

deal requests and local entities’ forecast submissions.

to manage segregation of duties and payment security.

need and what that need would be (figure 5).

We had expected cash visibility to be the top issue, but, in our conversations, some respondents indicated that they felt that they now had this under control, and the next area to focus on was forecasting. However, over a quarter of respondents still listed cash visibility as the fourth most important area.

One treasurer described his approach as ‘documenting the current payments flow for treasury and operational payments and then having a constructive conversation with our stakeholders on how to improve this.’

Forecasting is, again, top of the list, with treasurers saying that they like the idea of AI and Predictive Analytics, and embedding these technologies in a cash forecasting system is the way forward. Words such as ‘effective,’ ‘automated,’ ‘easy to use’ were used to describe what they were looking for.

2. Automation is key Second, on the list was ‘Automating more treasury processes.’ Almost 60% of respondents will be looking at doing this in the next 12 months. This includes areas such as bank statement download to improve cash visibility, reconciliation, and payments.

3. Improving payments 51% of respondents said they are looking at improving payments processes to make them more efficient and secure against fraud. Treasurers are also keen to centralise payments and ensure processes are put in place

Treasury Technology Guide

Technology spend rising Investment in treasury technology looks likely to rise in the year ahead, with 45% of treasurers expecting an increase and only 8% seeing a fall.

Those numbers translate (figure 3) into a typical predicted expenditure on treasury technology of between $50,000 and $250,000 for more than half (51%) of the companies we surveyed. A further 25% will spend considerably more - between $250,000 and $500,000, with another 19% spending less than $50,000.

A magic wand for treasury?

We asked our respondents to imagine creating a solution to a pressing treasury

A simple implementation process and one that could be done in days not months, was mentioned by several treasurers and, in addition, ‘a system that could be implemented and then grow with us as the business grows.’

Better reporting capabilities and embedded links to Business Intelligence tools were also asked for. As treasury becomes more prominent in organisations, reports need to be shared outside the treasury department, and the ability to create dynamic reports becomes more significant.

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8 | Treasury Technology Survey

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What is your understanding of the following?

50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Best of Breed

Open Banking

Not aware of

API’s

Somewhat aware of

Machine Learning

Artificial Intelligence

Predictive Analytics

Close to or fully an expert

Figure 6

Automation featured high on the list, specifically automation of socalled ‘tedious’ tasks such as trading, payments, and reconciliation.

Interfacing was also a popular request with a wish to make the process easier.

In particular, banking, ERP, and other in-house systems were mentioned.

KYC and audit also featured with reference to transparency and digitisation.

Our audience expressed a desire for more integrated risk management solutions and intercompany netting, and in-house banking products.

Few respondents mentioned visibility and working capital, so perhaps our audience feels that the existing systems cover these well enough.

New technologies are welcome The treasury technology market is no stranger to buzzwords. So we asked our Treasury Dragons audience to rate their

Treasury Technology Guide

understanding of some of the concepts mentioned frequently by solution providers (figure 6).

The survey shows a genuine interest in the latest technology trends, but when it comes to their application to treasury, more work needs to be done by suppliers to educate the market.

There is a greater understanding of Best of Breed, Open Banking, and APIs, with 40% of companies comfortable or very comfortable with the concepts. The flipside, however, is that 60% are not.

For Machine Learning, Artificial Intelligence, and Predictive Analysis, only 25% of our respondents feel comfortable with these areas.

Our conclusion? Although these concepts may be understood in theory, their relevance to treasury isn’t clear.

As one treasurer explained, ‘I get it that machine learning might help when it comes to areas such as fraud detection, but I will still need to get comfortable with the whole concept.’

Proving the relevance of these new technologies by educating the audience and demonstrating the benefits is essential.

Conclusion These are interesting times for corporate treasurers and the solution providers who serve them.

A global pandemic has ushered in a new era of rapid change, forcing the pace on automation, ramping up the importance of treasury within the organisation, and driving the adoption of best-of-breed technologies to bridge the gaps in the treasury workspace.

Budgets are increasing, but so are expectations: the modern treasurer has clear ideas about what is required, a healthy scepticism about marketing buzzwords, and a willingness to embrace new technologies to supplement existing systems.

2022 promises to be an interesting year for treasurers and solution providers alike.

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Treasury Technology Survey | 9

Industry Sector Responses About the survey The Treasury Dragons Treasury Technology Survey attracted 150 submissions from treasury professionals across the globe and from a wide range of industry sectors (see below). It was conducted in October/ November 2021. In addition to the survey, the Dragons team held meetings with a selection of respondents to gain further insights into some of the areas covered by the survey.

Manufacturing Finance, Insurance and Real Estate Services Retail Trade Transport, Communication Wholesale Trade Construction Energy and Utilities Agriculture, Forest and Fishing Public Administration

Four emerging technologies for treasury Artificial Intelligence (AI) AI refers to machines that are programmed to learn from existing behaviour and solve problems. In treasury, it’s being used in areas such as account reconciliation and cash flow forecasting. For example, AI will make it easier to uncover and resolve discrepancies in payment activities and help prevent f raud by analysing large amounts of data to search for inconsistencies.

Treasury vendors are starting to embed these technologies into their systems.

cash flow forecasting, hedging, and analysis of large quantities of data.

Machine Learning (ML) ML is based on the idea that systems can learn f rom data, identify patterns and trends, then make decisions based on the learning. This has the potential to transform treasury, particularly

Open banking assumes that banks will provide data access to third-party providers - but some are more open than others. In Europe, for example, regulations already require banks to cooperate with authorised

Treasury Technology Guide

Open Banking and Application Programming Interfaces (APIs) Open Banking is sharing f inancial information electronically and securely, but only with the customer’s approval. APIs allow third-party providers to access f inancial information and develop new apps and services, ideally leading to more and better products becoming available.

third-party providers. In the U.S. some banks voluntarily make data available, but some do not.

Ideally, APIs allow for bank-fintech collaborations providing the best of both worlds - secure, niche and globally available.

Predictive Analytics Predictive Analytics uses historical data to capture trends and seasonal discrepancies for extrapolation into the future, creating a predictive model which can use current data to predict what will happen next.

Examples of treasury applications for Ppredictive analytics include: • Cash Forecasting.

• Payments.

• Receipts.

• Fraud.

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10 | Essay

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A practical approach to real-time treasury: automate, integrate, collaborate Real-time treasury is here, and it is now more important than ever for treasurers to have an always-on command of their business’s liquidity. Since the early 2000s treasurers have been pioneering the strategic rise of the function. Today the treasurer’s role in business strategy and growth has been well established. As the front-line financial heroes of the pandemic within their organisations, they have put the profession on a new path, one that is paved with data intelligence, cross-functional collaboration, and digital transformation.

A

s today’s businesses emerge from the pandemic looking to fuel growth with a new view and enhanced appreciation for real-time liquidity, it is important to understand what key questions the modern treasurer should be asking themselves in order to get the most out of this concept and the cross departmental benefits that can be achieved from analysis of this data.

In this environment, treasurers globally must be able to deliver and support: • Strategic financial guidance • Improved decision-making • Increased agility and ability to respond to new crises

and acquisitions, evolving compliance requirements, and proprietary, bank-specific portals create complex banking relationships that often force treasury and finance staff to consolidate information from different banks that exist on different systems in order to gain an overview of an organisation’s actual cash position. By the time those laborious reconciliation activities are over, there is little time left for analysis

To keep pace with the changing climate, it has become vital for organisations to follow a practical approach to achieving a strategic and real-time treasury management function.

Collaborative financial management leads to unified intelligence It is also mission-critical to unify visibility across Accounts Payables, Accounts Receivables and Treasury to not only improve operational control and efficiency across the end-to-end cash lifecycle but to optimise and derisk cashflow. This much-needed collaboration between treasury, finance, and accounting helps organisations deep dive into their cash inflows and outflows.

Integrated automation and data At the recent 2021 AFP Annual Conference, a treasurer shared, “hyper-automation is out, integration and intelligence are in.” For forward-looking treasurers, the challenges brought about by manual processes, disparate systems and data, can easily be solved with technology and integrated automation.

Siloed financial management is a hinderance to growth; so, building a culture of operational collaboration across the various financial functions within the organisation is key. By integrating systems, the treasury function gains much more control over the information it has at its disposal, leading to increased visibility and transparency.

This will help ensure long-term success.

Start by analysing the overall operational model from the top down. Instead of getting stuck in the weeds figuring out how to fix current procedures and processes, wipe the slate clean by deciding what model provides the most efficiency.

Further, Treasury and finance teams are sitting on a huge amount of financial data. Geographic expansion, mergers

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Cash Visibility | Liquidity Management | Bank Fee Analysis | Reconciliation | Forecasting | AP/AR Automation

Treasury

12 | Essay

technolog

Next generation cash flow forecasting and working capital insights Cashforce is a ’next generation‘ cash forecasting and working capital insights solution focused on automation and integration. By using Cashforce’s cloud-based Software-as-a-Service (SaaS) platform, corporates can unlock the potential for their data to help make smarter decisions, saving time and money in the process. Cashforce can consume a large variety of data, process that data using machine learning, and get insights into cash flows and working capital.

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ashforce eliminates the manual and cumbersome treasury tasks around cash forecasting, enabling its users to take advantage of AI-powered scenarios and a strong workflow for distributed treasury teams. The Cashforce system serves mid-to-large sized corporates and is currently being used at companies like Unilever, Kellogg’s and Pearson. Product functionality can be broken out into the following categories: • Cash Flow Analytics support the ability to collect and classify cash flows from various system-based bank statements and General Ledger bookings through our ready-built connectors. Once the data is consolidated and organised, Cashforce provides full transparency, various insights and granular detail on your cash position on an automated basis.

• Cash Flow Forecasting in Cashforce combines integrated system-based data (ERP data, TMS data, Bank statements, CRM data, Budget data...) with manual input data, and applies AI-based smart forecasting logic to build highly accurate and automated forecasts for the short-, mid- and long-term. An intelligent simulation engine allows treasury teams to evaluate different scenarios, analyse their impact and calculate the forecast/actuals variance.

• Cashforce’s Working Capital Insights offer a clear view on your operational working capital and its underlying drivers. Even in the most complex businesses, KPI’s and trends are monitored across segments, business units etc. to get insights into the Cash Conversion Cycle (Order-to-Cash and Purchase-to-Pay). Cashforce is the only Working Capital Insights platform that connects to the AR/AP/ Sales order/Purchase order transactional data of all your ERP/Accounting systems, and offers dynamic visibility into your working capital. Insights can easily be shared with all relevant stakeholders through customizable reports and dashboards.

Treasury Technology Guide

Cashforce capabilities The core capabilities of Cashforce are ERP connectivity, the ability to drill down into forecasts, actuals versus forecast analysis, and AI-powered algorithms.

Cashforce clients can also upload spreadsheets with transactions and enter or amend specific transactions directly in the platform. Another new feature is industryspecific cash flow forecasting templates. Cashforce provides enhanced scenario and simulation building capabilities and easily builds tailored algorithms, performs scenario planning and runs sensitivity analyses.

Another innovation is smart cash forecasting aids and alerts that proactively alert the user if certain limits go out of bounds – this could be cash pool limits or even the basics such as transaction limits. Cashforce will calculate if certain transactions are out of sync with typical behavioural trends by leveraging Machine Learning technology.

Cashforce is fully API-enabled to facilitate real-time connectivity to create a best-of-breed ecosystem.

Cashforce offers the seamless experience of a one-size-fitsall solution, but with better functionality that comes with the best-of-breed approach. Connectivity with treasury management systems is another important piece of the puzzle: we recently closed a strategic partnership with FIS, so organisations will gain the ability to forecast their cash position more accurately in an integrated way with their core treasury / TMS system. Finally, for companies that don’t want to connect the system to an ERP right away, Cashforce offers a light-weight workflow-based upload process, kick-starting the cash forecasting automation.

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Essay | 13

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Treasury

14 | Essay

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Applying business spend management to cash and liquidity 2021 seemed familiar: Typical short-term treasury challenges remain. Long-overdue improvements accelerated in 2020 and now, Treasury is learning to add value to Procurement, Sales, and other functions. Technology is indispensable to managing complex challenges. Which do you tackle first?

By Martin Bellin

Y

our solution should ideally deliver quick operational wins with a secure footing to advance your treasury function.

This is where point solutions and manual processes fall short.

Each focuses on a narrow challenge, solving one problem but reinforcing other blind spots and doing little to grow Treasury capabilities. Enterprise Resource Planning / ERP-to-bank integrations, for example, might provide some relief but still leave huge visibility gaps as do manual processes for reconciliations and accounts not covered by bank integrations. Full visibility into spend, cash, liabilities, and financial resources is essential – down to every transaction and cash flow, every regulation that impacts financial obligations, every payment to every supplier.

Bringing treasury into Business Spend Management A comprehensive approach is Coupa’s vision for 2022: advanced technology that provides a holistic, unified view of all spend and financial resources – part of a seamless source-tosettle process across Treasury, Finance, AP, and Procurement, and made possible by Business Spend Management (BSM).

BSM empowers treasurers to provide faster, more accurate forecasting and liquidity planning while improving yield-onliquidity, unlocking hidden working capital, reducing risk, and driving internal initiatives such as ESG (Environmental, Social and Governance) metrics that help organisations stay ahead of the curve.

The Coupa financial maturity model Our four-stage model maps the journey of financial maturity via BSM transformation outlining a typical development progression, from ’foundational‘ stage to ’strategic‘ companies. Treasurers can use it to assess their organisation’s capabilities and discover how BSM helps any company advance to the next stage.

Benefits of BSM for every stage of financial maturity

BSM helps: • Digitize and automate manual processes across functions and unite them on a common data platform.

•C reate a single source of truth for financial data.

Developing treasury functions typically face: • Undetected fraudulent expenses and supplier payments as well as partially manual processes at risk of security breaches.

•L egacy manual structures and blind spots in global liquidity needs.

BSM helps: • Gain control over all payments, including expenses and supplier payments, and apply AI-powered fraud detection.

•R oll out source-to-settle processes to obtain comprehensive visibility into cash, liquidity, and risk exposure.

Established treasury functions typically face: • Working capital trapped in several places.

• Forecasting hampered by manual, incomplete data entry.

BSM helps: • Treasury, Procurement, and AP (Accounts Payable) collaborate to unlock hidden yield in supply chains through early payment discounts, managed payment timing, and other options like virtual card programs with strong adoption.

• Drive automation to support scenario analyses.

Strategic treasury functions typically need to: • Maintain momentum through continuous optimisation of spend, payments, and liquidity.

BSM helps: • Achieve best-in-class results by continuing to track performance against community-powered KPIs. The Moment is Now Now’s the time to capitalise on the power of spend through BSM. Discover how this practice helps you navigate today’s environment as you lead your treasury function to the next stage.

Foundational treasury functions typically face: • Manual processes, error-prone payments, and a limited or non-existent overview of exposure as well as refinancing needs and capabilities.

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That moment when you knew your forecast and liquidity planning were rock solid Incomplete, outdated, and siloed financial data is useless data. See a better rate of return and identify adversity early when everyone from Procurement to AP, Finance, and Treasury works together from a single source of truth.

THE MOMENT IS NOW. Futureproof your financial health by assessing and investing in your financial maturity and treasury capabilities.

Get Started: coupa.com/financial-health

Treasury

16 | Essay

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Why Corporate Treasury should consider independent bank connectivity The demand for real-time transactions, speedy reconciliation, better cash visibility and increased efficiencies is at an all-time high. To reach these goals, accurate, usable bank data and communications are a must. This is where Fides can help.

F

rom determining the best channels for ease of connectivity to time-to-market, corporates face numerous challenges when setting up bank communications.

The challenge for connectivity Building connections with many large, global banks is slowly getting easier with the advent of APIs (Application Programming Interfaces), but it’s still a complex and time-consuming task. And for organisations that need to onboard smaller banks, banks in emerging countries, or banks that have decentralised branches, it can take a lot of paperwork, specifications and instructions.

Connectivity with visibility and compatibility A multibank connectivity provider like Fides can deliver the process automation you need in order to save time and reduce risk. The modular Fides Multibanking Suite gives you complete visibility into and control over your banking connections and transactions, with secure access from any location. Administration and approvals are controlled through a single tool, with a single signon, saving time and effort while providing visibility into all aspects of workflows.

With Fides, it’s easy to send messages and payments of any format at any time, to any financial institution anywhere in the world. The scalable Fides Multibanking Suite lets you add more banks, accounts and payment providers as needed. It can be used as a standalone solution or with any TMS (Treasury Management System) or ERP (Enterprise Resource Planning) system. You can even connect Fides to multiple treasury management and enterprise resource planning systems at the same time — which can be a great benefit for mergers, acquisitions, or centralisation initiatives.

move. There’s no guarantee that your bank’s message format for transactions and reconciliation will be compatible with every TMS or ERP. With a solution like the Fides Multibanking Suite, you expand your options for connection channels, messaging formats, conversions, sanction screening, and validation. You also gain the benefits of flexibility and portability: if you choose to change TMS or ERP vendors in future, you will not lose any of your bank connections or have to rebuild them from scratch. During a migration, Fides can run connections to your banks in parallel, ensuring business continuity.

A range of opportunities Fides clients can also opt to take advantage of a growing selection of complementary financial solutions available through the Fides Multibanking Suite. From FX to money markets, cash pooling and beyond, the Fides multibanking ecosystem offers easy access to innovative solutions from trusted partners. This ’one-stop shop‘ approach makes the Fides Multibanking Suite a great entry-level corporate treasury solution.

Whether independently or with a TMS or ERP, Fides gives you the efficiency, scalability, and flexibility you need to streamline treasury operations. And best of all, Fides has a team of experts available to help you every step of the way.

For more information, visit www.fides-treasury.com

Even if you already have a TMS or ERP in place, engaging a third-party bank connectivity provider can be a smart

Treasury Technology Guide

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Treasury Dragons

Reach Further.

Connect Faster. Reach Two line headlinemore with a banks maximum of ten or eleven words

Essay | 17

technology on trial

Communicate

Introductory text (standfirst) with a maximum of sixty words, que dolorem dis magnam re, ommo easily mo vent. Consequam ut quo vitat. Itibus derum qui arcillique vel eost, nobit quam voluptatet dus doluptati as corit aliqui nimus atem am into vid ulliquibus eatemolorit acepudi sedisiniae. Ihil inulpa et, quid quae dolore magnis mod ut labo. Words by John Smith

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Consolidate processes and Subheading systems

Manage transactions molecuptatis utem. more simply

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Subheading Subheading Tum ipienda seque volutem cusam, et vitiste mporumq Tum ipienda seque volutem cusam, et vitiste mporumq uatiae cuptasimi, illate dolupta voluptae. Vid ut omnienihil uatiae cuptasimi, illate dolupta voluptae. Vid ut omnienihil erum nonsequi vitaecturi bla nis magnata sperit quid est, erum nonsequi vitaecturi bla nis magnata sperit quid est, sum excepudam esti nihictasimus inctest iatemodignis sum excepudam esti nihictasimus inctest iatemodignis sum et qui dolorepro id evel event et acepro occaepudis sum et qui dolorepro id evel event et acepro occaepudis della denihil istia dolupti iscitio nsequatur aut quis as della denihil istia dolupti iscitio nsequatur aut quis as is dionsecae venit aspis as se velis volupta doluptatus is dionsecae venit aspis as se velis volupta doluptatus dit ut quo ilist pra venis in poribus por ma autestio. dit ut quo ilist pra venis in poribus por ma autestio.

Incia invelicia con restrum hiciunt ecepero magnimi, Incia invelicia con restrum hiciunt ecepero magnimi, With connectivity to more than 13,000 banks across 200 countries, Fides enables communication via any ommoles etuscie turecte deleni velendae dolor moloreh ommoles etuscie turecte deleni velendae dolor moloreh format (All SWIFTItaestio MT andodiat ISO20022 AFB, DTA, ABA and many more). solorem.

Itaestio odiat arumet mo mil mos endicidebis solorem. arumetformats, mo milACH, mos EDI,endicidebis dolendi psamus, accum dolendi psamus, accum andam ipissequibus sequibus as With Fides, you can securely execute and manage transactions globally, at the touch of a button. accumqui con nest eaquid quamend aecepudit que et as quaecti nvenem eaturio. Nequat que la consedi cum nis Our voluptatum quid ut volorerat est optatur alicte molorit straight-through processing integrations provide secure and continuous bank connectivity, anywhere ationse rspedit l in the world. Use Fides to ensure 100% connectivity to mission critical accounting, treasury and ERP | 01234 567890 systems. | hello@treasurypay.com Subheading | www.treasurypay.com aut pa del incipicimus porum rerspis re et porest lam id ut ex et molo di voluptiam ut la ped minulparciis debitas No matter how you choose to connect to your banks, Fides is the only connection you need. dunt et aut eum anis et quam, audit parum aut quo que sin nos et anto esto omnit et et eatem voloreh enditia voluptatio temposs itiasped eaquam, nat hil experumque iur sit fugiatissedi quo moles eatius mosandam quae idessen ihilibus

We centralize and simplify multibank connectivity and transaction communications – globally.

To learn how you can switch all your bank connections

for just one with Fides, visit erorere www.fides-treasury.com Luptatu sandis aut aute aliberf mosandam quae or idessen ihilibus, conet vollabo. Eliquos dolorio nsequiaecat email us at hello@fides-treasury.com odi restrum quuntibusto experum inihillabo. Minulluptas © 2021 Fides Treasury Services AG. A Credit Suisse Company.

All rights reserved. eserspe lectentibea expe velenita nam dunt quaectem

Treasury

18 | Essay

technolog

Cash forecasting powered by machine learning: top benefits COVID-19 reminded us of the importance of cash flow forecasting. Indeed, companies of all sizes today need improved visibility into cash flow, liquidity, and risk. Yet creating accurate, long-term cash forecasts can be challenging and time-intensive. In this article, ION Treasury, the leading provider of Treasury Management System (TMS) solutions, highlights how machine learning helps treasury teams better forecast and ensure their companies have adequate access to liquidity.

Challenges Treasury teams must be able to answer the following questions: •W here is our cash and is it readily available?

•W hat are our sources of liquidity?

•W hat opportunities exist to preserve liquidity?

To answer these questions, it’s critical to analyse global cash positions, understand the sources and uses of funding, and the fungibility of liquidity.

Spreadsheets can provide visibility, but are labourintensive, error-prone, and slow.

Through the power of machine learning, cash forecasts can be automatically generated. The technology requires historical data, which is examined by the machine to train and then make predictions of future cash flows.

Cash flows are not analysed in aggregate. Instead, each cash flow line item is analysed either independently, or with crosscorrelations between line items (for example, sales receipts, payroll, operational payments, financial flows), depending on how cash flows have been historically categorised.

Initially the challenge is capturing and categorising the historical data and identifying relationships between items in the forecast. Once these hurdles are overcome, the machine can recognise trends like seasonality and cyclicality in business cycles, leading to significant efficiency.

ION’s early findings indicate that machine learning forecasts were created 3,000 times faster than traditional manual methods and were 10% more accurate. Increasing accuracy by 10% on a $75 million average cash balance invested at 2% results in an additional $150,000 in income per annum.

of data from multiple sources to automate forecast generation, and potentially improve accuracy. Indeed, the data used to train machine learning algorithms ultimately impacts forecasts. The better the quality of the data used, the better the output will be.

Industry trend data and other statistics can be easily applied to forecasts. In this scenario, the machine learning techniques combined with scenario analysis capabilities, allow users to create forecasts, understand areas which are more accurate, and focus on improving the accuracy of areas that have wider variances from actual. This ensures that forecasts become increasingly accurate over time.

Treasurers will find that the right combination of efforts from machines and humans can yield major benefits.

Machine learning will reveal connections providing meaningful insights, and humans will use their companyspecific knowledge to develop strategic workflows and influence key business decisions.

Machine learning techniques are intended to make predictions. Applying these techniques to cash forecasting is a natural fit. Treasury teams that invest in machine learning clearly stand to gain a competitive advantage over those that do not.

About ION Treasury ION Treasury delivers unique treasury and risk management solutions to organisations of all sizes, offering both on-premises and cloud options. Our awardwinning solutions help manage liquidity and mitigate operational, financial, and reputational risk. Together with a global community of over 1,100 clients, we are shaping the future of treasury and risk management technology.

Machine learning: Benefits for treasury teams Machine learning simplifies and reduces the time needed for forecasts. It helps treasury teams analyse large volumes

Treasury Technology Guide

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The next step in your automation journey starts with ION

the largest treasury management solutions provider.

From core to enterprise, on-premises to cloud.

50,000+ user community and growing daily.

See how ION is steering smart businesses along their treasury journey.

treasury.iongroup.com

treasury@iongroup.com

Treasury

20 | Essay

technolog

Kyriba’s Enterprise Liquidity Management and Open API Platform optimizes liquidity Kyriba empowers treasury and finance teams to optimise key capabilities for treasury, risk management, payments and working capital strategies through its SaaS structure and Open API platform. With more than 2,000 clients worldwide, including 20 percent of Fortune 500 companies, Kyriba’s Enterprise Liquidity Management platform connects internal applications with external sources such as banks, ERPs, trading platforms, and market data providers.

K

yriba enables clients to transform how they view and use liquidity as a dynamic catalyst for growth and value creation. The Enterprise Liquidity Management (ELM) platform expands on the core visibility, banking and accounting functionality of a treasury management system (TMS), to deliver a comprehensive enterprise view of liquidity from receivables, payables, treasury and other sources across finance.

The Enterprise Liquidity Management platform offers treasury, risk management, payments, working capital, and bank and ERP connectivity solutions for its more than 2,000 strong client base, while also connecting to more than 1,000 banks and 1.2 million bank accounts across 140 countries. Kyriba has been named the leader for treasury and risk management by technology analyst firms such as IDC and Aite Group, and continues to grow its capabilities through significant development investment to expand the CFO and Treasurer’s strategic and operational vision.

Kyriba differentiates itself from other TMS vendors through its Enterprise Connectivity, which utilises the company’s global reach and local expertise to provide multiple options of unparalleled access to real-time information.

Kyriba delivers the largest global banking network, multiERP connectivity, omnichannel payments experience, and real-time connections platform using machine learning, artificial intelligence, and advanced solutions to connect organisational data points for better decision-making.

Kyriba’s Open API platform offers a marketplace of realtime connections to apps, data, and new products and services that inject data-driven decision-making into every financial operation. The Open API platform acts as a conduit between disparate teams and systems to unlock real-time cash management, banking, and third-party system integration and automation across a wide array of finance and treasury functions. Kyriba’s introduction of our

Treasury Technology Guide

Developer Portal serves as a resource that allows customers, Fintechs or partners to explore our Open API and start building integration or publishing innovative Apps.

Kyriba’s Enterprise Liquidity Management platform offers solutions/services for treasury, risk management, payments, working capital and connectivity to fully optimise liquidity: •T reasury: Kyriba’s core treasury modules include workflows for all essential cash management processes such as cash positioning, cash forecasting, cash pooling and in-house banking, and accounting and compliance.

•R isk Management: Kyriba’s risk management tool offers an end-to-end FX solution that enables teams to manage pre-trade and post-trade data, with integration into all major trading platforms.

•P ayments: The Kyriba Payments Network centralises payment activity within one payment hub to automate unnecessary tasks and enhance controls through superior fraud detection and error handling, while giving customers visibility to a complete status cockpit.

•W orking Capital: Kyriba’s working capital programs offer both payables and receivables financing solutions to facilitate payment term optimisation across 195 programs in 81 countries. Our working capital solutions can help to reduce supply chain risk and optimise cash to strategically support business growth.

•C onnectivity: Kyriba offers world-class connectivity options that enable out-of-the-box certified connectivity to major ERP vendors. API connectivity empowers automatic access to data in real time.

Kyriba is currently headquartered in San Diego, with offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai and other major locations. For more information, visit www.kyriba.com

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Transform How Your Company Uses Liquidity as a Dynamic Vehicle for Growth and Value Creation

Go beyond conventional treasury management systems to expand and protect enterprise-wide liquidity in ways never before possible. A unified set of powerful products spanning treasury, risk, connectivity, payments, and working capital.

Kyriba Treasury Management is a dynamic vehicle for growth and value creation.

Learn more about how you can transform your business with Enterprise Liquidity. treasury@kyriba.com www.kyriba.com

Treasury

22 | Essay

technolog

‘The team with the best players wins’ - why treasury, finance and IT collaboration is pivotal Technology is now instrumental to the successful performance of organisations at every level – so are cross-function stakeholder relationships. Whilst decisions around sourcing and maintaining new and existing systems remain largely the responsibility of Information Technology (IT), there is a growing consensus that broader communication between treasury, finance and IT is now pivotal.

Removing roadblocks to efficiency Lacklustre stakeholder collaboration and an over reliance on legacy, one-size-fits-all, monolithic software systems, continue to pose a significant roadblock to efficiency for treasury and finance.

Operating within the confines of systems and solutions which do not meet or fulfil operational requirements can curb performance and limit the pace of strategic development. The absence of technology investment and an over reliance on manual processes such as spreadsheeting continues to contribute to data inaccuracy. The business cost is low cash visibility.

Treasury and finance need to find technologies that integrate with existing solutions, increase cash transparency, and enhance efficiency.

Streamlining the technology selection process Traditional treasury and finance challenges, ranging from cash visibility to bank connectivity, are all easily remedied with the arrival of cloud-based SaaS solutions. The recent arrival of ‘next-gen’ cash and treasury management SaaS systems heralds a shift away from legacy solutions toward hyper-modular cloud systems which can complement existing technology stacks.

Building a best-in-class team of representation across all functions involved in the technology selection project is a no-brainer. Auditing medium to long term operational needs and considering the strategic goals of your business prior to decision making is essential. In short, people with different perspectives can improve problem solving.

Teamwork delivers success Finding the optimum business solution to fulfil the operational needs of treasury and finance is best facilitated by allowing treasury and finance invaluable access to wellrounded IT expertise and technical know-how in a variety of

Treasury Technology Guide

areas. Nurturing an evolving relationship between treasury, finance and IT is crucial to understanding the solution selection process, qualifying operational needs, and facilitating deliberative discussion to reach an informed decision. Here are five steps to follow when working within a cross-functional team: • Discuss day-to-day processes and identify improvement areas • Outline the key challenges treasury and finance are currently facing • Explore competitor processes and technologies to earmark areas where advantage can be achieved • Qualify employee engagement, motivation, and productivity • Audit existing in-house technologies to assess long term viability The Nomentia philosophy Nomentia offers unparalleled cash and treasury management solutions from a single tool. We deliver innovative cloud-based solutions that foster the engagement between treasury, finance, and IT. Offering one of the widest ranges of cash and treasury management portfolios on the market, Nomentia provides expert advice in areas of bank connectivity, format conversion, and ERP integration.

Choose from a variety of solutions to scale, secure, and automate payments, streamline bank transaction processing, modernise liquidity management, or centralise in-house banking.

Nomentia also offers solutions for cash forecast and visibility, trade finance, FX risk, eBAM, bank fee management, treasury reporting, policies, and processes.

treasurydragons.com

Cash and Treasury Management from the Forests of Finland and the Mountains of Austria CLIENT SYSTEMS

BANKS

Payments and direct debits

TMS

ERPs

Other systems

PAYMENTS

BANK ACCOUNT MANAGEMENT

CASH VISIBILITY

CASH FLOW FORECASTING

MATCHING

IN-HOUSE BANK

RISK MANAGEMENT

TRADE FINANCE

REPORTING & WORKFLOWS

Sanction Screening

Market Data Provider

Nomentia has a decades-long history in Finland, the home of cash management. That might sound like a reach, but account statements with a creditor reference are actually a Finnish innovation.

Together with our outstanding treasury experts from Germany and Austria, we take pride in offering the widest and the most modern cash and treasury management portfolio on the market.

Trading Platforms

Accounts reporting & incoming payments

Value Added Services

3rd PARTY SERVICES

Treasury

24 | Essay

technolog

Digitalisation is vital in the monitoring of bank fees The best way to successfully renegotiate your cash management fees is to know which services are needed, in what volumes, and their current price. each bank builds its account analysis statements. How a service that appears on a bank account analysis statement may differ from one bank to another, and even within the same banking group, depending on geography.

Understanding bank fee statements requires considerable expertise. An adequate bank fee monitoring software should provide comprehensive mapping of each item charged based on AFP codes. What’s more, the tool must be extremely flexible in terms of the bank fee formats that it accepts (such as PDF, Excel, EDI, BSB, csv and Camt.086).

Gaelle Parquic, Associate Director, Redbridge Analytics

T

here are many reasons why a treasury might adopt a tool to monitor its bank fees: among them, to automate a tedious procedure, to prepare for a bank renegotiation, or to ensure that a recently negotiated pricing grid is being applied correctly.

A lens into all aspects of your company’s cash management engine Treasurers who control their bank fees manually focus on the most important items and rarely have time to analyse their bank billing statements in depth. Automating this task makes the process more reliable and provides more insights. It easily becomes possible to compare the prices charged for the same service between banks. Also, once a new company has been acquired, a quick check of its bank fees will show if the prices paid for each bank service are in line with those of the group. This can prompt a quick negotiation to harmonise payment practices.

Get ready to monetise your insights With a powerful digital platform, treasurers can track how their consumption of banking services evolves over the years. Some services that were not important considerations in the original price negotiations with the bank become used much more frequently. One way of controlling banking fees is to identify the right time to restart negotiations with the banks.

The best way to successfully renegotiate your cash management fees is to know which services are needed, in what volumes, and their current price. Having an idea of volumes helps determine what’s at stake in the forthcoming negotiations. Identifying the prices charged for each service by the various banks then makes it possible to establish a relevant benchmark against which you can compare the offers.

Finally, it’s useful to identify all the services invoiced for by each bank, as they are not always negotiated within the framework of an RFP. A software that monitors cash management fees makes all this possible and prepares you for successful negotiations with your banking partners!

Technology is useless if expertise is missing In recent years, several treasury software vendors have developed bank fee modules that are able to aggregate bank fee statements. These tools’ ability to provide in-depth analysis depends on the vendor’s knowledge about how

Treasury Technology Guide

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Making an impact together

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Treasury

26 | Essay

technolog

Payments maturity, a key to increasing efficiency and reducing risk Payments are at the core of every business. Cash Flows are the lifeblood of a company and drive the business and the decision makers. Without receiving cash in a timely manner for delivering a product or rendering a service, liquidity could dry up. On the other hand, the availability of liquidity accelerates business growth and supports the creation of value.

G

lobal enterprises with a high level of complexity are in need of tools to allow a 360-degree business view.

The ability to streamline and/or standardise processes without reducing flexibility for the relevant organisational stakeholders, is another need. The question is, how can both be achieved? What are the technological and organisational capabilities leading to success? TIS offers a platform for Enterprise Payments Optimisation to help entities close their payment execution gaps. The platform serves as a hub for a customer’s global outbound payments network, providing the needed visibility regarding people, processes, and related data. Confirming adherence to policies and guidelines information as the foundation for gap analysis or process roadblocks, provides a good basis for a continuous improvement loop.

The platform goes beyond providing the information needed for companies to perform; it also enables access to the bestof-breed solutions and services to help a firm to thrive.

The Capability Model - a circle of continuous improvement Connect Companies maintain an end-to-end cloud connectivity from their back-end systems, where payments are initiated, to their banks, where payments are executed. A platform that supports true freedom of choice through a system-, bank-, service provider- and location-agnostic approach, accelerates global connectivity. Complexity becomes simplicity.

Connections to banks, systems and service providers are put into place as well as maintained on an on-going basis.

Collaborate All users and stakeholders, involved in the outbound payments process, leverage a cloud-based, SaaS, platform. This allows customers to access up-to-date information from one single source of truth. The ’internal‘ participants may include the CFO, Treasury, Accounting, Compliance, Human Resources, and IT across different regions or legal entities. Externally such a collaboration can be extended to -organisations such as service vendors and banks as well as between enterprises, to create a community effect.

Treasury Technology Guide

Pay The execution of payments takes place through one dashboard and is highly standardised as well as secure. All enterprise stakeholders who initiate, review, or analyse cash flows follow a common framework, enabled through one payment platform. Friction and risk are minimised. The complexity of payment formats is outsourced. Enterprises have far greater freedom to adjust their banking environments based on business and growth needs. Centralisation of treasury or payments becomes a choice rather than a ’must do‘.

Analyse The strategic value of the platform is a firm’s ability to achieve a holistic view of their payment’s process end-toend. This, in turn, allows a company to monitor, manage, and analyse all their banks, payees, company policies, compliance requirements and cash flows etc. from one dashboard. Removing information silos also enables the identification of gaps and areas for improvement. And an increased ability to collaborate based on company-wide data leads to more insightful results. These results in turn enable better business decisions.

Improve Organisations can drive improvement through robust and versatile connectivity, effective collaboration, secure payments processing and continuous analysis. The right technology platform supports a company to better manage their liquidity, reduce various types of risk, optimise processes, and drive strategic business transformation.

The Capability Model underlines the value and power of focusing on outbound payments. However, not every organisation is at the same stage of maturity in this process.

Where exactly a company is on this continuum, and where it wishes to be, needs to be discussed and evaluated. It is crucial for enterprises to build the capabilities to effectively connect, collaborate, analyse, and improve so that they can streamline their outbound payments activity.

TIS can help companies with this process. We work with our clients to evaluate their profile as well as their plans for greater efficiency.

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Enterprise Payment reimagined

Discover the Power of Enterprise Payment Optimization Most global organizations struggle to align all payments processes and cash flow functions in the organization and handle them via one particular technology platform – this results in communication gaps between departments as well as system and data silos. For your organization this means higher risk of fraud, cash flow lags, compliance issues and suboptimal performance.

Request a Demo

Get in touch: info@tis.biz tispayments.com

The TIS payments platform creates a layer across your organization to align and synchronize payments processes, systems and data. At TIS, we believe that achieving Enterprise Payment Optimization is critical to a corporation’s long-term success and sustainability. That’s why we’ve built a technology platform that enables five key capabilities essential to payment optimization – connect, collaborate, pay, analyze and improve.

https://bit.ly/TISDEMO

Treasury

28 | Essay

technolog

Achieve global transaction visibility across all your bank accounts with Open Banking APIs For decades, treasury departments have been held back by legacy technologies, forcing them to rely on manual cash processes to deliver global transaction visibility across their multiple bank portals. These processes often involve downloading statements from multiple banking portals and aggregating these transactions within Excel before being able to perform meaningful analysis.

Fortunately, obtaining global account and transaction visibility is easier than ever now with Open Banking direct API connections.

Open banking delivers global bank visibility Banking institutions have become aware that there is a gap in portal user experience, so in turn, they have created partnerships with innovative technology companies to deliver the experience clients have come to expect. Open Banking APIs deliver rich, normalised transaction data across all your bank accounts, serving you an aggregated view of your bank data. Banking APIs have not only streamlined the delivery of your data but the speed at which you receive it.

Gain rich transaction visibility across your global bank accounts Trovata’s extensive library of Banking APIs automates the aggregation of your transactions across your global bank accounts providing you with rich insights into your transaction data, such as closing available, closing ledger, current available, opening available, and opening ledger, in one secure platform. Trovata compiles your data into a powerful visibility layer, empowering you with a comprehensive suite of automated cash reports and forecasts. By reducing time spent aggregating data, you can amplify your team’s ability to focus on strategic analysis that drives value for your business.

Achieve confidence in your data’s accuracy Through establishing a big financial pipeline through Open Banking APIs, Trovata’s Bank Data Lake™ stores your historical bank data in perpetuity, providing you direct access and control over your data. With no human intervention required, you can ensure your organisation has complete confidence in your banking data. Also, with no human intervention required, you can ensure complete accuracy and confidence in your bank data, amplifying your organisation’s ability to make data-led decisions that propel your business forward.

Bring an end to manual data management By automating the aggregation of your multi-bank data using Trovata’s open banking APIs, you can easily eliminate your tedious, manual data management workflows and gain cash and transaction visibility across all your global bank accounts.

Request your demo at www.trovata.io/demo/ Phone: +1 (213) 357 5045 Email: info@trovata.io Website: www.trovata.io

Easily find and segment groups of transactions It is easier than ever to find and segment groups of transactions for reporting and reconciliation with Trovata’s search API. This API supports unstructured natural language search queries and provides high volume, fully paginated transactions in less than 300ms, enabling you and your team to find desired transactions quickly. These search results can be saved as tags, which can be leveraged to generate any future cash reports and forecasts, providing you more time to analyse your data.

Treasury Technology Guide

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Gain Visibility into Transactions Across All Your Bank Accounts with Trovata Trovata’s extensive library of Banking APIs reduces your manual data management processes by automating the aggregation of your bank data into one, secure, cloudbased platform, amplifying your ability to focus on strategic analysis that drives value for your business.

Achieve Total Transaction Visibility with Unified Bank Data Trovata automatically unifies your cash transactions from every bank and account into one secure, cash management platform, so you can remain confident that you have the most up-to-date bank data.

Easy Exploration and Analysis With Natural Language Search for transactions, beautiful reports, easy navigation, and powerful forecasts, you are empowered to make data-driven decisions that propel your business forward.

Fast Onboarding with No IT Required Reduce your daily data aggregation processes in weeks, not months as Trovata’s team of treasury experts are committed to meet your organization’s unique needs and get your team up and running quickly.

Native Cloud Platform Trovata is the premiere API-first, cloud solution backed by the world’s leading global banks. With the power of the cloud, you can gain worry-free access to your rich transaction and cash data anytime, anywhere via both desktop and mobile.

Speak With Us Today to Gain Global Transaction Visibility!

Discover how you can save 25+ hours weekly and gain global transaction visibility across all your bank accounts by automating your cash management with Trovata.

Request Demo Copyright © 2021 Trovata, Inc. All Rights Reserved

Treasury

30 | Index

technolog

Alphabetical index of solution providers

Solution providers by product

P Bottomline

Bank Account Management

P Bureau van Dijk

P Cobase

P CashAnalytics

P IT2 / ION Treasury

P Cashforce

P Redbridge

P Cobase

P TIS

P ComplyAdvantage P Coupa

Bank Fee Analysis

P Fides

P Bottomline

P GTreasury

P GTreasury

P Hedgebook

P Nomentia

P IT2 / ION Treasury

P Redbridge

P Kyriba P Nomentia

Cash visibility

P nsKnox

P Bottomline

P Reval/ION Treasury

P CashAnalytics

P Redbridge

P Cashforce

P RiskScreen

P Cobase

P Salmon Software

P Coupa

P TIS

P Fides

P Trovata

P IT2/ION Treasury P Kyriba P Nomentia P Salmon Software P Reval/ION Treasury P TIS P Trovata Cash Forecasting P Bottomline P Cashforce P Cobase P Coupa P Fides P GTreasury P IT2/ION Treasury P Kyriba P Nomentia P Reval/ION Treasury P Salmon Software

Corporate Payments P Bottomline P Cobase P Coupa P Fides P Kyriba P Nomentia P Reval/ION Treasury P Salmon Software P TIS Fraud & Cybercrime prevention P Coupa P Fides P Kyriba P nsKnox P TIS FX Risk Management P Bottomline P Cashforce P Cobase P GTreasury P Hedgebook P IT2/ION Treasury P Kyriba P Nomentia P Reval/ION Treasury P Salmon Software KYC, AML and Compliance P Bureau Van Dijk, A Moody’s Analytics Company P ComplyAdvantage P Redbridge P RiskScreen Netting and Pooling P Coupa P Fides P GTreasury P IT2/ION Treasury P Reval/ION Treasury P Salmon Software

For a full, up-to-date listing of treasury solution providers, visit www.treasurydragons.com Treasury Technology Guide

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Treasury Dragons technology on trial

Featured Solution Providers | 31

Bottomline Operating in 92 countries across six continents, Bottomline provides technology solutions to corporates and the banks that serve them across the entire payments and cash management lifecycle – from accounts payable and treasury management to receivables. Our solutions help unify financial data, systems, and processes so that financial leaders and their teams can work more simply, securely, and intelligently.

Companies of all sizes globally can leverage our real-time treasury solution, Bottomline TreasuryXpress, to deepen financial intelligence, optimise cash and liquidity, automate processes, and protect against fraud.

easy for treasury teams to automate, simplify, and scale critical financial functions for real-time treasury management.

Digitally native by design, the Bottomline TreasuryXpress SaaS solution is designed to continuously innovate and digitise connectivity and integration experiences, ensuring scalability and helping treasury to always be future-ready and connected to key financial data.

From built-in API connectivity to expansive SWIFT network options across our three SWIFT service bureaus, Bottomline helps treasury and finance teams streamline and simplify global bank connectivity to realise real-time cash visibility and liquidity management.

Products P Cash Visibility P Cash Forecasting P Corporate Payments P Bank Fee Analysis P FX Risk Management P Bottomline 1600 Arlington Business Park Theale Reading Berkshire RG7 4SA UK P +44 118 925 8250 P www.bottomline.com/uk/ solutions/treasuryxpress P info@bottomline.com

From real-time, dynamic cash visibility and reconciliation to liquidity optimisation and secure payments management, our solution makes it

Cashforce Cashforce was founded in 2012 to fill a need in the market for cash forecasting and working capital insights that is not supported by TMS or ERP modules. Cashforce began its journey from a working capital analysis point-of-view, linked to ERP system data and built its cash forecasting capabilities on top of that by adding logic/ML and AI. The ERP connectors themselves are an important differentiator: they ensure a seamless flow of granular, system-based data. This creates a fully transparent view into cash. On top of that, Cashforce applies smart forecasting logic (including AI-based algorithms, P&L-to-Cash logic, and payment behaviour analysis) to build highly accurate and automated forecasts for the short-, mid- and long-term. An intelligent simulation engine allows Treasury teams to evaluate different scenarios, analyse

Treasury Technology Guide

their impact and calculate the forecast/actuals variance.

The goal of Cashforce is to save time and money for financial departments by improving their working capital and cash flow forecasting processes.

Cashforce provides insight into cash flows, scenario-building capabilities, integrates P&L/ revenue forecasts, automates manual and cumbersome treasury tasks, and improves working capital levels, by integrating internal and external company data sources.

Cashforce is headquartered in Antwerp (Belgium) with offices in New York, London, Amsterdam, Ghent and Warsaw. Our platform is used worldwide and serves a variety of mid-sized to large industries such as Unilever, Kellogg’s, Pearson, Various banks such as Citi, Bank of America and BNP Paribas have

selected Cashforce as the best-ofbreed solution.

Products P Cash Visibility P Cash Forecasting P FX Risk Management P Cashforce Atealaan 34A 2200 Herentals Belgium P 530 7th Avenue Suite 902 NY 10018 New York USA P www.cashforce.com P info@cashforce.com

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Treasury

32 | Featured Solution Providers

technolog

Cobase At Cobase, we believe that corporate banking can be made much simpler and more efficient than it is today, especially in the area of payments and cash management.

Our multibank platform is unique because it combines the services of Payment Hubs, Service Bureaus and Treasury Management Systems all in one solution.

Typical end users are CFO, Treasurer, Cash Manager, Financial Controller, AP or AR departments and other financial functions.

Cobase can connect to almost 15.000 banks worldwide via SWIFT, H2H, EBICS and APIs. We have established more than 200 bank connections for our clients in more than 80 countries – and growing. Many different formats and protocols are supported.

Clients can make use of the Cobase SWIFT BIC. This saves time and costs

and it provides capabilities that otherwise would not be available to you.

The IT impact on your organisation is minimal. Cobase takes away all the complexity of bank connectivity and manages the solution for you in our highly secured cloud environment.

It’s an SaaS cloud solution with a low total cost of ownership. Monthly costs are based on actual usage, so you only pay for what you really use As opposed to IT-only providers, Cobase is licensed by the Dutch Central bank as a payment service provider (PSD2/AISP/PISP), providing comfort and trust to both our clients and the banks we connect with.

For banks and other financial service providers, we can embed the Cobase technology in their solutions, fully white labelled, so they can offer the technology under their own brand to their clients.

Products P Cash Visibility P Cash Forecasting P Corporate Payments P Bank Account Management P FX Risk Management P Cobase Margriet Toren Haaksbergweg 75 1101 BR Amsterdam ZO North-Holland The Netherlands P www.cobase.com P sales@cobase.com

Coupa At Coupa we have a higher purpose. From our own operations to what we offer clients, we are focused on one thing: business value. It’s more than how much you paid for something or what a new solution saved. Value is the quantifiable, measurable improvement that a solution or process delivers. It’s explicit, but it isn’t a singular achievement or a moment in time. Coupa empowers all businesses - f rom Fortune 1000 companies to the world’s fastestgrowing organisations - to unify their supply chain design and planning, procurement, payments, and treasury processes in one comprehensive, cloud-based Business Spend Management platform. Coupa’s community of 2,000+ customers uses the platform to maximise the value of more than $2.3T of spend to date.

Treasury Technology Guide

Every good business decision considers financial health and purpose. Whether cutting costs when disruption hits, funding growth, or incentivising supplier behavior on ESG – making the right decisions requires full visibility into your transactions and cash flows to get a complete picture of your financial position.

An investment in Business Spend Management (BSM) provides a holistic, unified, and real-time view of all spend.

Equipped with data and insights, you can deploy cash strategically as you safeguard liquidity. Discover the power of spend through BSM and how it helps you advance your financial maturity as you navigate today’s dynamic environment as a profitable and responsible corporate citizen.

Products P Cash Visibility P Netting and Pooling P Cash Forecasting P Corporate Payments P Fraud and Cybercrime Prevention P Coupa Tullastr.19 Ettenheim, 77955 Germany P +49 7822 44600 P www.coupa.com P andre.scheffknecht@coupa.com

For more information, visit www.coupa.com

treasurydragons.com

Multibanking made simple

Centralized overview of all positions and at all banks

Seamless integration with ERP or accounting systems

Cloud based with low total cost of ownership

One portal to initiate and authorize all types of payments

Central user administration, control signature rights and reduce risk

Fully managed bank connectivity and data transformation

Optional modules for Inhouse banking, Liquidity Forecasting and FX exposure management

User configurable authorization schemes and workflows

Minimal IT impact on your organisation

Contact sales@cobase.com (registration number R141787). Cobase is ISO27001 certified by BSI under certificate number tel +31-20-2440221 www.cobase.com ISC 276 and has received an ISAE 3402 statement and SOC2 certification.

Cobase is licensed and supervised by the Dutch Central Bank as a payment service provider

Office address Margriet Toren Haaksbergweg 75 1101 BR Amsterdam ZO The Netherlands

Treasury

34 | Featured Solution Providers

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Fides Fides is the global leader in multibank connectivity and transaction communications, enabling corporates to connect to any bank, in any region, through any channel.

Founded in 1910, Fides has been committed to helping corporations optimally connect and interact with their banks for more than a century. Today, Fides delivers critical multibank account statement, payment workflow and reporting capabilities for treasury and finance teams, helping more than 3,500 clients communicate with over 13,000 banks and payment providers across 200 countries.

Fides helps clients improve cash visibility and efficiency, reduce manual work time, effort and overhead costs, and gives treasury and finance teams the tools they

need to work better, faster and smarter.

Treasury can validate and comply with rigorous messaging requirements, eliminate gaps in SCORE readiness, ensure global banking coverage, increase speedto-market and reduce the costs of maintaining individual connections.

In addition, Fides partners with other technology providers and works closely with banks to ensure clients receive the best results and the most positive experiences overall.

Products P Cash Visibility P Netting and Pooling P Cash Forecasting P Corporate Payments P Fraud and Cybercrime Prevention P Fides Treasury Services Räffelstrasse 28 8045 Zurich Switzerland P www.fides-treasury.com P hello@fides-treasury.com

With Fides, you can reach further, and connect faster. Whether you are using a TMS, ERP, the Fides Multibanking Suite or any combination, Fides is the only connectivity platform you need.

For more information, visit www.fides-treasury.com

GTreasury GTreasury is committed to connecting treasury and digital finance operations by providing a world-class SaaS treasury and risk management system and integrated ecosystem where cash, debt, investments and exposures are seamlessly managed within the office of the CFO. GTreasury puts all your treasury data securely at your fingertips – at the office, working remotely, anywhere you can access the Internet – with a unique, Softwareas-a-Service (SaaS), open-API platform built for scale. As your organisation evolves and your technology ecosystem grows, GTreasury will ensure you have clear data visibility to derive the insights you need to • OPTIMISE LIQUIDITY. Centralise all incoming and outgoing cash activities in real-time.

• MAXIMISE PRODUCTIVITY. Say goodbye to spreadsheets, manual data entry, and complex bank/

Treasury Technology Guide

partner portal log-in processes.

•M ANAGE RISK. Analyse complex data and manage deal lifecycle from initiation through maturity to make informed decisions.

•D RIVE ENTERPRISE GROWTH. Use integrated, out-of-the-box visualisation and dashboard capabilities to give your C-Suite the clarity to act more quickly.

Moreover, GTreasury’s implementation and support teams boast industryleading customer satisfaction scores that significantly outperform industry averages. And because GTreasury is a cloud-based, SaaS application, customers enjoy simplified implementation, lower maintenance requirements, and a significantly reduced overall cost of ownership.

You can rest assured GTreasury will be there to support the success of your treasury team from implementation to go-live and beyond.

Products P Cash Visibility P Netting and Pooling P Cash Forecasting P Corporate Payments P FX Risk Management P GTreasury 2100 E Lake Cook Rd Ste 1100 Buffalo Grove IL 60089 USA P www.gtreasury.com P ContactUs@GTreasury.com

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ACHIEVE THE CLARITY CLARITY TO AC T W I T H C O N F I D E N C E TO AC T W I T H C O N F I D E N C E

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CHICAGO • SYDNEY • LONDON CHICAGO • SYDNEY • LONDON

contactus@gtreasury.com • gtreasury.com contactus@gtreasury.com • gtreasury.com © 2021 GTreasury. All Rights Reserved. © 2021 GTreasury. All Rights Reserved.

Treasury

36 | Featured Solution Providers

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Hedgebook Hedgebook builds essential treasury management tools that work for everybody. It doesn’t matter if you’re a corporate, bank, broker, financial adviser, or auditor – Hedgebook helps you make smarter, faster, decisions. If forex, interest rate or commodity hedging and derivative valuations are part of what you do you need Hedgebook.

Uniquely, Hedgebook is designed to work equally hard for banks, brokers, and advisors as the corporate clients they serve. It gives everyone involved real confidence in the currency hedging strategies being put forward, while building transparent, valued relationships. In fact – it’s hard to come up with a reason why you wouldn’t use Hedgebook.

is deployed within a day (you read that right – within 24 hours) and is intuitive to use, with minimal training required.

If you advise clients on hedging, Hedgebook lets you have transparent, constructive FX risk management, commodities and interest rate exposure discussions. What’s more, its white-labelled SaaS treasury solution is designed for API integration into your existing environment – delivering a seamless experience for clients.

Hedgebook is also as affordable as it is effective; over 95% of customers who start using Hedgebook, keep using it.

Getting started is easy too. Hedgebook

More than just hedging software.

Hedgebook’s FX Exposure Tool models everything from simple forwards to complex options structures and outcomes, based on moving exchange rates. Combined with the efficiency you gain from Hedgebook’s powerful analytics, you form high-value, ongoing partnerships – internally and externally – that deliver exponential results for everyone involved. And who doesn’t want that?

IT2 from ION Treasury

trail capabilities and automated alerts.

Unsurpassed treasury coverage and user experience

•U nique workflow-based user

Key features interface for unparalleled control.

Process-based workflow provides peerless transparency and control

Key business benefits Automation: IT2’s BPA tools automate entire workflows, flag anomalies to users, and allow them to manage by exception.

Process: IT2’s process maps allow treasuries to enforce their own processes within the software, ensuring that the defined process is the only one that can be followed.

Control: Granular roles-based access profiles, segregation of duties, and exception alerts means IT2 processes are rigorously controlled, with full audit

Treasury Technology Guide

P Hedgebook The Rise 41 Luke Street Shoreditch London EC2A 4LB UK P www.hedgebookpro.com P lee.white@hedgebookpro.com

communication with any thirdparty system in any format.

• I T2 Anywhere provides secure access to treasury services and information from any device.

•V isibility across the treasury

organisation via integrated dashboards.

•E nd-to-end coverage across all core

IT2 is a complete end-to-end solution for cash, risk, funding, back office, and accounting, with integrated reporting and superior user experience.

Products P FX Risk Management P The Future of FX: What do treasurers want from technology platforms and their banks?

treasury processes including cash, risk, funding, in-house banking, back office, accounting, and bank account management.

• I nnovation and forward-looking investments supporting marketdriven requirements; LIBOR transition, post-LIBOR support, SWIFT gpi tracking, and compliance with hedge accounting standards.

•C utting edge capabilities include machine learning driven functionality, and end-to-end coverage for advanced treasury needs including value at risk (VaR) and scenario analysis.

•R EST APIs facilitate secure, real-time connectivity with third parties; IT2’s native integration engine allows

Products P Cash Visibility P Netting and Pooling P Cash Forecasting P Bank account management P FX Risk Management P ION Group 1345 Avenue of the Americas 49th floor New York New York 10105 USA P www.iongroup.com P treasury@iongroup.com P +1 212 906 0050

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Treasury Dragons technology on trial

Featured Solution Providers | 37

Reval from ION Treasury Fully managed SaaS Treasury Management Solution (TMS) platform For treasury teams requiring visibility and automation with controlled workflows and security. Designed for easy web deployment, Reval includes an integration network connecting with third-party and internal applications. As an SaaS solution with a fully managed service, there is no need for dedicated IT support.

Top benefits Comprehensive treasury coverage with deep cash, treasury, risk, and accounting. Reval streamlines and simplifies complex processes, makes it easy to onboard new users, and scales to manage evolving needs.

Reval is a complete end-to-end SaaS TMS. Its modular architecture and design simplicity adapts to varied treasury complexity supporting teams from large to smaller and mid-size organisations.

Unparalleled integration Reval extends the boundaries of automation. With an out-of-the-box library of standard integrations, it provides quick setup. Comprehensive Bank Connectivity integrates critical banking data across a large network of banks globally. Reval comes with integrated market data as standard.

Over 1,000 curves published daily provide visibility on risk and exposure.

Reval scrubs and validates data daily.

It’s a true service-focused application empowering users to proactively react to regulatory and market changes.

Sophisticated analysis Reval provides traditional forecasting but also drives innovation through computer-generated forecasts using machine learning algorithms (including neural networks). Users can run scenario analyses, analyse forecast accuracy, and ‘retrain’ machine learning models for improved cash forecasting.

Visibility to exposure and more Users gain visibility to cash and group-wide exposures, and can execute actions based on policies managed within the TMS. Products P Cash visibility PC ash forecasting PN etting and pooling P Corporate payments P FX risk management P I ON Group 1345 Avenue of the Americas 49th floor New York New York 10105 USA P www.iongroup.com P treasury@iongroup.com P +1 212 906 0050

Kyriba Kyriba empowers clients to transform how they view and use liquidity as a dynamic catalyst for growth and value creation. The Enterprise Liquidity Management platform expands on the core visibility, banking and accounting functionality of a treasury management system (TMS), to deliver a comprehensive enterprise view of liquidity from receivables, payables, orders, billing, treasury, and other sources across finance.

The Enterprise Liquidity Management platform offers treasury, risk management, payments, working capital, and bank and ERP connectivity solutions for its more than 2,000 strong client base, while also connecting to more than 1,000 banks and 1.2 million bank accounts across 140 countries.

Kyriba has been named the clear leader for treasury and

Treasury Technology Guide

risk management by technology analyst firms such as IDC and Aite Group, and continues to grow its capabilities through significant development investment to expand the CFO and Treasurer’s strategic and operational excellence.

Kyriba differentiates itself from other TMS vendors through its Enterprise Connectivity, which utilises the company’s global reach and local expertise to provide multiple options of unparalleled access to real-time information for CFOs and Treasurers today. Through proven and secure connectivity, all of your organisation’s data points can be easily connected and used for better decision-making support. Kyriba’s bank connectors and new Open API platform enable real-time treasury operations so that teams can initiate instant payments and unlock realtime cash management.

Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai and other major locations.

Products P Cash Visibility P Cash Forecasting P Corporate Payments P Fraud & Cybercrime prevention P FX Risk Management P Kyriba 8th Floor South 11 Old Jewry EC2R 8DU UK P www.kyriba.com P treasury@kyriba.com

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Treasury

38 | Featured Solution Providers Nomentia Nomentia offers cash and treasury management solutions from a single tool that’s connected to all your systems. We deliver innovative, second-generation cloud technology to meet our customer’s needs and that includes supporting crossfunction engagement between not just treasury and finance, but IT stakeholders too.

Offering one of the widest ranges of cash and treasury management portfolios on the market, Nomentia provides expert advice and full customer support in areas of bank connectivity, format conversion, data mapping and ERP systems integration etc.

Choose from a suite of hyper-modular, cloud systems to scale, secure and automate payments, streamline bank transaction processing, modernise liquidity management, centralise in-

house banking or integrate bank connectivity.

Nomentia also offers treasury management solutions for short-, mid- and long-term cash forecast and visibility, trade finance, FX risk management, eBam, bank fee management, treasury reporting, policies, and processes.

Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our clients. Nomentia solves the challenges modern treasurers and cash managers face for close to 2,000 clients in over 80 countries, processing more than 800 billion euros annually.

Nomentia currently has offices in Finland, Sweden, Austria, Germany, Poland, and the Netherlands.

technolog

For more information or to schedule a demo, contact nomentia@nomentia.com Products P Cash Visibility P Cash Forecasting P Corporate Payments P Bank Fee Analysis P FX Risk Management P Nomentia Linnoitustie 6 C Espoo Uusimaa 02600 Finland P www.nomentia.com P nomentia@nomentia.com P +358 10 419 5200

Would you like to learn more about our cash and treasury management solutions? Visit our website now: www.nomentia.com

Salmon Software Since its foundation in 1985, Salmon Software has focused on delivering world-class Treasury Management System software. We have achieved great success and coverage with our flagship solution, Salmon Treasurer.

Our system has evolved to reflect the technological innovation and increasingly complex global financial systems that have paralleled the company’s 35-year history, making it one of the most sophisticated treasury tools in the world.

Thanks to this innovative array of solutions and services, Salmon Software has gained an impressive portfolio of clients over the years, including global giants such as Fidelity, Securitas, Saint-Gobain and DP World as well as international blue-chip Irish market leaders including CRH, Ryanair, Greencore, Fexco, Zurich Insurance, Airbus, Arqiva, Avolon, Securitas, Serco and many others.

Treasury Technology Guide

This achievement is due to the hard work and dedication of a highly skilled, multi-disciplined support and development team who focus on producing a world-class product. These capabilities combined with meaningful client interaction enable us to pursue our policy of continuous, customerfocused product enhancement. Our commitment to R&D and innovation has resulted in the development of a range of new cloud and SaaS products.

Looking to the future, Salmon Software will continue to develop unique systems and enhance its already impressive solutions offering, following in the footsteps of a range of new modules recently released.

These include new IBOR Transition product, as well as sophisticated interactive dynamic dashboards of global financial data collected by Salmon Treasurer from a variety of disparate systems around the globe.

Products P Cash Visibility P Netting and Pooling P Cash Forecasting P Corporate Payments P FX Risk Management P Salmon Software Ltd Unit G2 Riverview Business Park Nangor Road Dublin 12 Ireland P www.salmonsoftware.ie P info@salmonsoftware.ie

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Dedicated Treasury Management

Salmon Treasurer www.salmonsoftware.com

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Treasury

40 | Featured Solution Providers

technolog

Redbridge Redbridge works hand-inhand with treasurers and CFOs to innovatively optimise their financing strategy, liquidity, payments and treasury efficiency.

For more than twenty years, Redbridge has provided expert service to corporate treasury around the world. Over the course of thousands of projects with hundreds of companies, we have developed a vast knowledge and systematic approach to servicing corporate treasury. With this knowledge, we have launched Redbridge Analytics, a group dedicated to delivering software solutions for the challenges of treasury.

Redbridge Analytics has built a full stack of software that provides specific purpose-built capabilities that are important to corporate treasury.

TREASURY SOFTWARE SOLUTIONS DEVELOPED FOR THE MODERN TREASURY GROUP BY THE EXPERTS IN TREASURY We designed the Hawkeye Suite to solve problems that are otherwise left unchecked in many treasury groups: bank fee analysis, card fee analysis and bank account management.

HawkeyeBSB - Bank fee analysis software that gives you accessibility, visibility, accountability and predictability over the bank fees charged to your company.

HawkeyeCard - Card fee analysis software that gives you accessibility, visibility, accountability and predictability over the fees charged by your payment card providers.

around your company’s inventory of bank accounts.

Products P Bank Account Management P Bank Fee Analysis P KYC, AML and Compliance P Redbridge 712 Main Street Houston Texas TX 77002 USA P www.redbridgedta.com/analytics P dgill@redbridgedta.com P +1 346 207 0250

HawkeyeBAM - Bank account management software that helps you establish and enforce controls

TIS (Treasury Intelligence Solutions GmbH) CLOUD-BASED PLATFORM HELPS GLOBAL ORGANISATIONS OPTIMISE THEIR OUTBOUND PAYMENTS.

liquidity, gain strategic advantage – and ultimately achieve enterprise payment optimisation.

TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organisations optimise outbound payments.

The Financial Times named TIS as one of ‘Europe’s Fastest Growing Companies’ for the last few years. Offered as Software-as-aService (SaaS), the TIS solution is a comprehensive, highly-scalable cloud platform for company-wide payments and cash management.

For businesses, TIS creates a community of trust and empowers customers to make better decisions with 100% real-time cashflow visibility.

Corporations, banks and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyse cash flow and compliance data, and improve critical outbound payment functions.

The TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage

Treasury Technology Guide

banks and consulting firms optimise outbound payment processes.

Products P Cash visibility P Corporate Payments P Bank Account Management P Fraud and Cybercrime prevention reasury Intelligence Solutions GmbH PT Altrottstr. 31 69190 Walldorf Germany P www.tispayments.com P info@tis.biz

TIS is on a mission to set a new industry standard for business-tobusiness payments. Since 2010, TIS has been combining its treasury management heritage with cloud architecture and bank connectivity expertise to help global corporations,

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Treasury Dragons

Solution Providers | 41

technology on trial

Bureau van Dijk, a Moody’s Analytics company

CashAnalytics

With comprehensive global coverage, the richest source of beneficial ownership data available, plus information on PEPs and sanctions, we’re the resource for compliance and onboarding checks. Orbis, our leading entity database, contains information on over 400m entities; including directors, company structures, beneficial owners, PEPs and sanctions and adverse news.

CashAnalytics is cash flow management software for growth-focused businesses. You’ll improve your free cash flow and stay in control of your liquidity as your business continues to expand. Spend less manual effort on compiling data and more time managing cash flow and guiding your company’s financial strategy.

P bvdinfo.com/en-gb/solutions-for-your-role/ compliance-and-financial-crime P Contact: bvd@bvdinfo.com

P cashanalytics.com P Contact: hugh.mcgovern@cashanalytics.com P Products: Cash visibility

P Products: KYC, AML and Compliance

ComplyAdvantage

nsKnox

ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and detection technology. More than 800 enterprises in 69 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies.

nsKnox is a fintech-security company, enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technology, nsKnox’s solutions detect and prevent finance and ops infrastructure attacks, social engineering, (BEC), insider-fraud and other advanced fraud attacks.

P complyadvantage.com P Contact:

zachary.bennett@complyadvantage.com

PP roducts: KYC, AML

and Compliance

P nsknox.net P Contact: may.cohen@nsknox.net PP roducts: Fraud and Cybercrime prevention

RiskScreen

Trovata

RiskScreen is an award-winning AML &and KYC technology provider dedicated to improving the effectiveness of compliance departments through intelligent process automation of risk-based customer onboarding, screening and in-life monitoring.

Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement.

By bridging the gap between banks and accounting systems with its growing network of direct API integrations, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions.

P riskscreen.com P Contact: sales@riskscreen.com

P trovata.io

PP roducts: KYC, AML and Compliance

P Contact: info@trovata.io

Treasury Technology Guide

P Products: Cash visibility

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