How can we raisePension Fund operationsinfrastructure to the levelof excellence thatcharacterises CERN’sscientific and engineeringactivities.How can we furtherstandardise and automateour treasury operations.Canadian National RailwayWhy SWIFT in the Clouds ?!
How can we raisePension Fund operationsinfrastructure to the levelof excellence thatcharacterises CERN’sscientific and engineeringactivities.How can we furtherstandardise and automateour treasury operations.Canadian National RailwaySWIFT in the Clouds : What ?Alliance Lite2 !
Alliance Lite2 – HighlightsSWIFT & Alliance Lite2 – Sept 2012 – PUBLIC 6Easiest way to connect to SWIFTCloud-based, with a light footprintPeace of mind with SWIFT’s world-classsecurity, reliability, service and supportSuitable for both manual and automatedoperations for most message volumesLow start-up cost and usage-based pricing
Alliance Lite2 – Key featuresSWIFT & Alliance Lite2 – Sept 2012 – PUBLIC 8Full-featured, best-in-class SWIFT interface in the cloud;supports all SWIFTNet flows – all MT, MX, FIN, InterAct, FileAct, BrowseLight footprintSecure Internet connection from any location;option to connect over SWIFT’s VPNAutomation using lightweight AutoClient (automated file transfer)Setup service and support (global 24/7/365) included, wide range of optional servicesEasy-to-use browser-based screensHigh availability, resilience and security
Achieved objectives torationalise trading flow Full integration betweenAlliance Lite2, CERN andTradingScreen ASP One trusted provider to dealwith (SWIFT), enabling secureaccess to global financialnetwork Efficiencies from centraloperations leading toeconomies of scale and loweroperational costsCERN Pension Fund, SwitzerlandReducing operational costs with Alliance Lite2 Global integration of SWIFTflows with TradingScreen ASPsolution, enabling STP of foreignexchange trades Clear migration roadmap andproject management fromSWIFT, minimising operationalimpact for CERN Alliance Lite2 cloud solutionmeans no SWIFT infrastructureto maintain (strategic move fromcapital expenditure to operationalexpenditure)SolutionChallenges Benefits“Our ambition was to raise our Pension Fund operations infrastructure to the level of excellence thatcharacterises CERN’s scientific and engineering activities. In a very short period of time, Alliance Lite2 hasenabled us to do just that. Alliance Lite2 provides a secure cloud solution for connecting our Tradingapplication service provider with the global SWIFT community of brokers and liquidity destinations – withoutthe need for large upfront capital costs.”Nicolas Salomon, Head of Middle Office/Treasury, CERN 4 billion CHF pension funddealing with 21 currencies High transaction costs foroverall trading activities Limited access to largertrading network, leading tohigh broker costs Need to increase STP ratesfor pension operations Inability to connect toapplication service provider(ASP) via Service Bureau
Enhanced cash managementthanks to better visibility andoperational efficiency Increased automation,standardisation and straight-through processing Reduced operational andsettlement risk Lower costs by diversifyingbanking connections Greater flexibility and controlover its banking relationsCanadian National Railway, CanadaIncreasing back-office efficiency with Alliance Lite2 Consulting support with on-boarding and standards and bestpractices implementation Automated wire transfers overSWIFT Global cash overview from EODcash statements over SWIFT End-to-end support: projectmanagement, implementation,collaborative troubleshooting Alliance Lite2 cloud solutionmeans lower banking costs andgreater flexibilitySolutionChallenges Benefits“We decided to implement SWIFT cash reporting in our back office in order to further standardise andautomate our treasury operations. After exploring various options, we selected Alliance Lite2 as the best wayto start enjoying the benefits of SWIFT for our business. Alliance Lite2 has given us greater visibility over ourcash management and helped us optimise our connections with our banking partners. It is simple and easy touse, and the Lite2 service and support from SWIFT has gotten us up and running in a matter of weeks.”Paul Tawel, Senior Manager, Treasury Operations, Canadian National Railway Company Multiple web portals neededto manage bank accounts Insufficient visibility overglobal accounts and bankingrelationships Expensive to centraliseaccounts in concentrator bank Wanted more automationand standardisation Lack of experience withSWIFT standards and bankon-boarding requirements
11AllianceLite2MatchingforTreasuryB-Bank servicesSanctionsA-BankservicesAllianceLiteSWIFTRefSWIFT in the Clouds : What’s next ?MatchingforTreasury