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banking communication pw-c slides

  1. 1. Treasury Hot TopicSWIFT - Is it the only option? - Tips on how to take a decision.<br />www.pwc.com<br />Bart Vanbrabant, Atos Worldline<br />Elie Lasker, SWIFT<br />Richard Delvaux, PwC<br />
  2. 2. Agenda<br /><ul><li>Overall context
  3. 3. The service bureau perspective
  4. 4. What’s in SWIFT for me?
  5. 5. Conclusion
  6. 6. Q&A’s</li></ul>2<br />February 2011<br />
  7. 7. Overall context<br />
  8. 8. Bank relationship<br />4<br />February 2011<br />“Recent developments tend to indicate that the concept of ‘too big to fail’ is no longer valid. As such, quality of counterparty risk management and the diversification of that risk will be a key element in the new bank relationship model”<br />“with individual banks giving less credit per client, some companies have been pushed in the opposite direction by deciding to deal with more banks to satisfy their full liquidity requirement”<br />
  9. 9. High on the list<br />5<br />February 2011<br />“treasurers feel once they have taken on board the lessons learnt during the crisis about funding, they should resume their focus on the core business of risk and cash management”<br />
  10. 10. 6<br />February 2011<br />High on the list<br />“there is a strong belief that investment in the tools and technology needed to support these activities will becritical in enabling treasury to prepare for future crises”<br />
  11. 11. Better banking communication – worth it?<br />7<br />February 2011<br />“Managing the financial risk is the core treasury responsibility, however optimising your bank communication can lead to cost savings, as well as major improvements in areas such as working capital, cash management and compliance”<br />
  12. 12. The banking communication challenge<br />8<br />February 2011<br />
  13. 13. Options<br />Which model for me?<br />Bank A<br />Bank A<br />Bank B<br />Bank C<br />Bank B<br />Bank C<br />Bank A<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Bank B<br />Bank C<br />9<br />
  14. 14. Best practice?<br />Bank A<br />Bank A<br />Bank B<br />Bank C<br />Bank B<br />Bank C<br />Bank A<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Internet<br />Bank B<br />Bank C<br />10<br />
  15. 15. The service bureau perspective<br />
  16. 16. The Service Bureau model initially was<br />12<br />February 2011<br />“The Swift Service Bureau model was created by Swift and stems out of the increasing trend for outsourcing in the financial market”<br />The model initially was designed for clients to outsource all technical complexity on setup and run of a Swift connection<br />Still there is much more to it...<br />We aim to deliver services allowing our clients to handle financial flows <br />irrespective of your current and future<br /><ul><li>banking relations
  17. 17. communication channels to be used
  18. 18. message standards to be used
  19. 19. software solutions you use
  20. 20. internal client organisation
  21. 21. regulatory compliance</li></ul>based on a pricing model that allows for fixed and upfront cost budgeting<br />
  22. 22. Service Bureau model has become:In the explorer phase:<br />13<br />February 2011<br />To assist you in demystifying together with Swift or/and other channels, your business consultant and your banks<br /><ul><li>The overall feasibility of your plans:</li></ul>Starting from your current business needs: choose the best option of change for today and map this with the best option for tomorrow<br /><ul><li> Complexity</li></ul>Business complexity, organizational complexity, functional/technical complexity, etc...<br /><ul><li> Cost</li></ul>Cost of using a channel (ERP integration, infrastructure, licenses, fees, intake of expertise required, etc...)<br />Mapping of cost versus benefits (tangibles and non-tangibles)<br /><ul><li> Quality of Service </li></ul>What degree of business & operational quality would you attain <br />
  23. 23. Service Bureau model has become:In the set up phase:<br />14<br />February 2011<br />To hide you from all complexity that comes along with a technical project like this<br /><ul><li>Planning and guarding the way forward</li></ul>Making sure the Service bureau is a facilitator and accelerator <br /><ul><li> Coordination with multiple parties </li></ul>Your internal departments, Swift or others, Banks, Software providers, IT providers, etc... <br /><ul><li> Execute tasks </li></ul>Setup of communications with your legacy applications, setup of security, configuration of your channel, your business flows over that channel, users, ...<br /><ul><li> Quality & Control </li></ul>Testing- minimal test set & advised test set, go-live, intense post-live monitoring <br />
  24. 24. Service Bureau model has become:In the run phase:<br />15<br />February 2011<br />Making sure your flows are processed in the highest degree of quality possible<br /><ul><li>Availability, quality & control </li></ul>Availability commitment via Service Level Agreement<br />Service Bureau teams that a continuously monitoring your processes <br />Pro-active actions and initiatives <br /><ul><li> Robustness & performance</li></ul> Performance commitment via Service Level Agreement<br />Resilience – full disaster recovery <br /><ul><li> Changes & Maintenance </li></ul>Management of all technical changes that come along<br />Communication of changes and impact<br /><ul><li> Evolutions</li></ul>Making sure your changing needs can be realised <br />
  25. 25. Service Bureau model at AtosWorldline isa one stop shop fixed price offering<br />16<br />February 2011<br />We aim to partner with our clients to take care of all stuff that is a daily and continuous hassle to manage<br />Enabling you as a business user to be <br />fully focused on your business which is <br />management of your working capital<br />
  26. 26. What’s in SWIFT for me?<br />
  27. 27. We would be delighted to hear and answer your questions!<br />18<br />February 2011<br />
  28. 28. Thank you!<br />© 2011 PricewaterhouseCoopers. All rights reserved. “PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.<br />

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