Treasury Management Systems

A treasury management system (TMS) is a software platform that helps businesses manage their financial resources and activities, including cash flow, risk management, and financial reporting. TMSs typically include a range of modules, features and tools that attempt to optimize financial operations. These systems can be complex and it can be challenging for businesses to get the most out of them without expert help. That's where we come in. With in-depth knowledge of TMSs, we can help you customize and utilize your system to it's full potential, streamlining financial operations and help you make more informed decisions about how to allocate your resources.

Please take a look underneath what we can help you with.

Reporting

Interfaces

IT-support

Upgrades

(Automatic) reporting

Automating reporting is important for businesses for a number of reasons. It saves time, improves data accuracy and reduces your costs in the long run. Having set up numerous automatic reporting solutions, I have developed a unique skill in understanding in technological possibilities while understanding your financial needs. Using this holistic perspective, I can be of great value by providing expert guidance, recommend solutions that align with your business objectives, and help to solve your complex problems.

Underneath I display a few examples on the potentials of automatic reporting.

Improve accuracy: Helps reduce the risk of errors and ensure that financial reports are accurate and up-to-date.
Increase efficiency: Saves time and reduce the workload for your teams, allowing them to focus on more strategic tasks.
Enhance decision-making: Provides your business with real-time data and insights, which can help you make more informed decisions about your financial operations.
Better visibility: Provides your business with a comprehensive view of your financial performance, which can help you identify trends and opportunities for improvement.
Increase compliance: Help your businesses meet regulatory requirements and ensure compliance with accounting standards.

Interfaces

Understanding how interfaces work requires a certain level of technical knowledge and familiarity with software and technology concepts. In the context of treasury management systems, an interface refers to the connection between two different systems, software programs or modules.

Setting up interfaces is a complex yet important part of a treasury management system as it allows for efficient and accurate exchange of information between different systems and organizations. By automating these interfaces, a treasury department can reduce the need for manual data entry and improve the accuracy of the data being processed. This can help to improve the overall efficiency and enable better decision-making by providing real-time data and insights.

There are many types of third-party interfaces that we could help you set up to be integrated into your treasury management system Some examples include:
- Bank interfaces: In order to manage accounts, process transactions, and access real-time information about financial accounts. This may include the ability to initiate wire transfers, make payments, and view account balances.
- Market data feeds: A connection with market data providers such as Bloomberg in order to access real-time information about financial markets and instruments. This can help treasuries to make informed decisions about investment and risk management.
- Trading platforms: Trading through electronic trading platforms such as 360T in order to execute trades on behalf of the organization. This can help to streamline the trading process and improve efficiency.
- ERP systems: Such systems are often integrated with treasury management systems in order to provide a comprehensive view of the organization's financial data. This can help to improve the accuracy of financial reporting and decision-making.
- Government agencies: In order to comply with regulatory requirements and report financial information such as EMIR reporting requirements.

IT-support (treasury)

Throughout my years I have seen that one of the biggest points of inefficiencies is the communication between functional- and technical employees within a department. And this is not surprising, as for the different languages they speak. Functional requirements are hard to explain to IT professionals, and vice versa is it difficult to explain technical restrictions and possibilities the other way.

In short, there is a need for "effective translation", so that your resources can be allocated to the right tasks, rather than mitigating errors coming from miscommunications.

Having numerous years of experience in both financial and technical consulting within treasury systems, I can be of service to you. To provide more targeted and effective support to your treasury business, streamline communication between departments, set up technical solutions from financial requirements, or simply provide generic IT support to handle static- or market data for your treasury's front/middle and back office.

Upgrades

System upgrades and adequate testing during those upgrades are very important in treasury departments for several reasons:

Improved efficiency: Improve the efficiency of treasury operations by fixing bugs, adding new features, and optimizing performance.
Enhanced security: Enhance security by patching vulnerabilities and addressing potential security threats. This is especially important for treasury departments, which often handle sensitive financial data that could be at risk if the systems are not secure.
Risk management: Identify and address potential issues before they become major problems. This can help reduce the risk of disruptions or failures that could have significant consequences for the department and the organization as a whole.
Regulatory compliance: Many treasury departments are subject to regulatory requirements, such as compliance with financial reporting standards or data protection laws (GDPR). Upgrading and testing systems can help ensure that the department is meeting these requirements and avoid potential fines or penalties.

As a consultant with years of experience in (patch) upgrade testing, I have a deep understanding of the process and the importance of thorough testing. I know firsthand the risks that can arise if patches are not properly tested before being implemented, and I am dedicated to helping my clients avoid those risks. Whether you are upgrading your treasury management system, your payroll system, or any other software, I can provide the expert guidance and support you need to ensure a smooth and successful upgrade. Trust me to help you minimize risks and maximize the benefits of your patch upgrades.

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