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STEVE WILEY, VP TREASURY SOLUTIONS Trends in Treasury ... · Fully Integrated Treasury Management...
Transcript of STEVE WILEY, VP TREASURY SOLUTIONS Trends in Treasury ... · Fully Integrated Treasury Management...
STEVE WILEY, VP TREASURY SOLUTIONS
Trends in Treasury Technology
Introduction
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My Background
Corporate Treasury - > Treasury Consulting - > SunGard AvantGard Treasury
Agenda
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Treasury Technology Overview
Treasury Technology Landscape
Corporate Trends:
Cloud Migration
Managed Services
Managing Regulation with Technology
SWIFT
Key Takeaways
Treasury Technology Overview and Landscape
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Treasury Technology Overview
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Bank-offered treasury
management systems
Enterprise Resource Planning
(ERP) treasury moduleThird-party (best-of-breed) treasury management systems
Fully Integrated Treasury Management Systems
Specialized (single purpose) Treasury Systems
Bank fee analysisMultilateral nettingFX exposure management
Bank account administrationRisk analyticsBank-to-book reconciliation
Transaction matching &
confirmation systemsManagement dashboards
Working capital management
(payments and receipts)
Online trading portals (FX and investments)
SWIFT Corporate ConnectivityBank online systems
(reporting & payments)
Other
Treasury Technology Landscape
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Treasury Technology Landscape
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The trend of industry consolidation continues to place a spotlight on vendor
counterparty risk
Wall Street
Systems / Ion
acquires IT2
Ion Trading
acquires Wall
Street Systems
SunGard acquires
Integrity
Reval acquires
Ecofinance
Reval acquires
Fxpress
2005
Wall Street
Systems acquires
Treasura
Wall Street
Systems acquires
City Financials
2011 201320102009
SunGard acquires
XRT
2007
What’s new at SunGard?
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What’s New at SunGard:
Organic Growth Strategy
Focused investment in current product set as opposed to acquisitions
Improving customer experience
Product Development and Improvement
Major investment in Quantum Version 6 and Integrity Version 8
Continued investment in all product lines
Treasury Technology Deployment Options
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Strengths Limitations
1) Ownership of hardware, software and data
2) Control over hardware, software, and data
3) Internal risk only
4) Can be cheapest option in long term (post 5 years)
5) Viewed as more secure
1) Requires significant IT support
2) Longest road to implementation
3) Significant upgrade effort
4) High upfront cost
5) Sharing of data
Strengths Limitations
1) Application ownership
2) Control over data
3) Reduced IT maintenance
4) Portable (Can be brought in house at any time)
5) SLA with vendor
1) Reliance on 3rd party for support (in some
environments this may be an advantage)
2) Medium implementation timeline
3) Most costly option
Strengths Limitations
1) Minimal internal IT support required
2) Faster implementation
3) Lowest year one costs
4) No upgrade effort
1) Shared application
2) Limited control
3) No ownership - rented software
4) Difficult to integrate with other internal applications
5) Limited customization options
Hosted/ASP/Private Cloud: Hardware and software dedicated to the TMS are installed at the vendor
SAAS/Public Cloud: An entirely web-based platform managed by the vendor
Private Cloud:
We want all the
benefits of public
cloud with
greater control
Installed: Hardware and software dedicated to the TMS are installed at the data center of corporate
Treasury Technology Overview and Landscape
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The Treasury Technology Vendor Perspective
REMAINING AHEAD OF THE CURVE
FBARREPORTING
SEPA
SECURITY
DODD-FRANK& MOREEMIR
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Trend #1: Cloud Migration
Trend #2: Managed Services
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ApplicationDomain
ManagedApplication
Services
PrivateCloud
Services
ManagedBusinessServices
Managed Service Offerings
Managed Reporting Services- Risk- Management- Operational- Regulatory
Service Delivery Management Service Operations GuideUptime SLA 99.75%24x7 Service Desk
Managed Upgrade ServicesInterface Exception ManagementManaged Bank ConnectivityEnhanced Service Desk- Incident Management- Change Management
CustomCare
Service Transition Service OperationService Design
Trend #3: Managing Regulation with Technology
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Trend #4: SWIFT
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What is SWIFT?
• The Society for Worldwide Interbank Financial
Telecommunication (SWIFT) provides a network that enables banks
and corporates worldwide to send and receive information about
financial transactions in a secure, standardized and reliable environment
• Information reporting
• Payments
• Bank account administration
• Confirmations
• Trade finance
Non-Standard Bank Connectivity
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e-banking channel
host to host channel
e-banking channel
VAN
“fax-banking”
Internet
Leased line
Dial-up
Payables
Receivables
Treasury
Other
• Bank driven solutions
• Multiple channels
• Lack of standardization
• Limited scalability
Limitations/Risks
• Technologically inflexible
• More complex control environment
• High change costs
• Inefficient
ERP
TMS
SWIFT Connectivity
Payables
Receivables
Treasury
Other
• Bank neutral
• Service Oriented Architecture
• Foundation for the future
• Higher STP
• Improved control /compliance
• Reduced risk
• Scalable
SWIFTFTP
E-BankingOtherSingle gateway
• Standard platform
• Standard communication
• Standard security
• Standard messaging
ERP
TMSECHOS
SWIFT Benefits
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› Security
› 99.999% availability
› Cash Visibility
› Standardization
› Reduce costs and dependency of internal IT
› Compliance
• Key Takeaways
* Cloud and Managed Services
* Managing Regulation with Technology
* SWIFT
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QUESTIONS?