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Looking at Treasury Management Systems? 10 Key Areas to Analyse

15/02/2016 - Asset & Liability Management Performance Management

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Protecht is a leading provider of Risk Management software. If you are interested in a cost effective Treasury Management System, then take a look at the interview with Erik Gates. As Director of Prudential Investment Services Corp, Erik explains how Protecht is enhancing his business in a highly competitive industry. 

The Treasury function is becoming increasingly important to organisations for making informed decisions to manage their risks. Many organisations are looking at how they can optimize the performance of their treasury departments.

Treasurers and Senior Managers are looking to be more focused on the strategic objectives of the Treasury function by improving the visibility, control and efficiencies of the day-to-day operations of front, middle and back offices including transaction recording, settlements and reporting. (Read article Moving from ALM Risk Data to ALM Business Intelligence).

Organisations are also facing external pressures from regulators to streamline Treasury processes to minimize operational errors and to have in place a robust financial risk management framework. As balance sheets continue to grow, Excel spreadsheets are becoming a thing of the past and the need for a centralised system is becoming paramount. Treasury solutions need to accommodate the expanding role of Treasuries while adhering to regulatory guidelines and best practices.

The search for a Treasury Management System (TMS) can be quite an arduous process. Each organisation is different and as a result, there is high demand for a system which encompasses configuration flexibility and adaptability to internal processes.

10 key areas to analyse when looking at Treasury Management Systems:

  1. Cost: Does the functionality suit your budget? Are you paying for more functionality than you actually need? Are there additional costs associated with system updates? Is system support included?

  2. Flexibility: Is the system flexible, accessible and easy to use? Can you build tailored reports to suit the changing demands of senior management and/or the Board? Can you access multiple portfolios?

  3. Security & Compliance: Is the provider ISO certified? How does the provider ensure the highest level security of data and do they have appropriate ISMS policies in place? Does the system comply with regulatory requirements?

  4. Functionality & Features: Does the system possess the capability and efficiency to meet your needs (transaction execution, cash flow processing, valuations and accounting)?

  5. System Implementation: What is the implementation timeframe and associated costs? What is the level of difficulty and how much of your time is required?

  6. Integration: Is it a stand-alone TMS or does it have the ability to be integrated with other risk functions?

  7. Segregation of Duties: Does the system allow for multiple user access as well as segregation of duties? Is there a limit on the number of users? Is there an authorisation and approval process for workflows?

  8. Product enhancements: What is in the product roadmap? Is the system updated on a regular basis?

  9. Support: Does the system provider have an accessible support team possessing specialised knowledge of the product?

  10. Training: Does the system provider offer training by risk management experts?

Click the link to read the case study, where Erik Gates, Director of Prudential Investment Services Corp, explains how they are utilising Protecht.ALM to face the challenges in his business.

Read Case Study

For more information on how Protecht services can benefit you, contact marketing@protecht.com.au.

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