1. Treasury Hot TopicWhat your treasury system must do to cope with the next crisis www.pwc.com Thomas Jerolitsch, SunGard Hans Candries, PwC Gunter Geysens, PwC
2. Agenda 2 februari 2011 Background Sungard’s perspective on what your Treasury System must do to cope with the next crisis.
3. The crisis and its effects has led Treasury to consider lessons learned and set its agenda accordingly. 3 februari 2011 Background What challenges did the crisis pose for Treasury? Liquidity crunch, commodity & FX volatility, counterparty risk, accounting “fair valuation” What challenges did the crisis pose for Treasury? Liquidity crunch, commodity & FX volatility, counterparty risk, accounting “fair valuation” Were we prepared? Some were, some weren’t. Few had all risk areas adequately covered. Were we prepared? Some were, some weren’t. Few had all risk areas adequately covered. What are the long-term Lessons learned? “Best Practice” still holds true. What do we need to do to implement it in a sustainable way and “make the change stick?” What are the long-term Lessons learned? “Best Practice” still holds true. What do we need to do to implement it in a sustainable way and “make the change stick?” What did we change during the crisis? Many quick fixes “just to survive” Opportunity for treasury to shine What did we change during the crisis? Many quick fixes “just to survive” Opportunity for treasury to shine
4. Liquidity and risk are now at the top of the Treasurer’s agenda – systems are seen as a key enabler. 4 februari 2011 Background Key Issues for Treasuries - Source PwC Global Treasury Survey 2010
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6. Sub-optimal use of existing technology – Many companies have historically made poor decisions in technology selection and/or implemented the technology in such a way as to not take advantage of the functional capabilities of the systems.
7. Systems often require information not available – A functioning Treasury usually will need information from outside sources, or information that is not readily available. Even with better integration tools, turning data into useable information is always a challenge in most environments.
8. Performance management Treasury dashboards – Performance reporting is not usually a core function of Treasury systems and management dashboards are still in their infancy.
9. Commodities – Functionality is limited in most systems for commodities and information for valuation is sometimes not readily available.5 februari 2011 Background
10. Therefore, many companies are looking to improved technology as a key enabler to meeting their treasury objectives. 6 februari 2011 Background
11. Agenda 7 februari 2011 Background Sungard’s perspective on what your Treasury System must do to cope with the next crisis.
12. What your Treasury System must do to cope with the next Crisis. Thomas Jerolitsch 24/02/2011
13. Agenda Introduction Working across the EcoSystem Cash and Liquidity Management Receivables Payments Risk Management Additional Services Summary
14. Introduction When talking about crisis, what do we think we need to do… Identification of Cash and Risk Cashflow Forecasting Operational Efficiency and Control Investment Performance and Risk Treasury Resourcing Bank Relationships Value of Centralization
16. Working across the EcoSystem Optimize Receivables, Treasury and Payments Foster Collaboration between Trading Partners Provide Market-neutral and Vendor-neutral Trading Platform Communicate from Receivables, Treasury & Payment Solutions as well as ERP and in-house banking systems.
62. Bank Account Statement Portal Q2 2011Manages bank accounts for account statement receipt, performs validity checks, creates dashboard and reporting
63. Bank Fee AnalysisQ2 2011Track and manage bank fees from your Payments & Treasury solutions (with SWIFT inside).Ongoing development & delivery of additional services for Corporate-Bank, Corporate-Corporate and Corporate-Trading Partner Communications