Canadian Treasurer

January 11, 2012

SunGard study finds risk, bank communications and payments consolidation priorities for corporate treasurers

NEW YORK--SunGard conducted a study with 100 treasury professionals at the 2011 AFP Annual conference in Boston, which revealed that thirty-one percent identified gaining a holistic view of risk as the top priority for corporate treasurers. Twenty-seven percent believed that streamlining bank communications was the highest priority, while twenty-one percent felt that consolidating payment flows was most significant.

SunGard has observed a transformation in treasury as the role of treasury professionals expand beyond cash management to these key areas. To help address these complex activities, SunGard provides technology that helps corporations manage risk, bank communications and payments for improved liquidity management.

Craig Martin, executive director of AFP’s Corporate Treasurers Council, said, “As was highlighted in our ‘Strategic Role of Treasury’ survey released at our annual conference, we have seen the role of the corporate treasurer transform over the past few years and become more strategic due to the global economy, the regulatory environment, and new innovations in technology.  Corporate treasurers are responsible for protecting the liquidity and managing the risk across the organization, putting them in a position to impact their company’s ability to remain competitive and grow.  With the right tools in place, corporate treasurers are able to be strategic and accurately forecast their cash, understand their risk exposures, and help increase their company’s liquidity.”

Paul Bramwell, senior vice president, treasury solutions, at SunGard’s AvantGard business unit, said, “Best-practice organizations are implementing treasury technology to help corporate treasurers better determine and manage their financial risk. Corporate treasurers are also looking for more services to be delivered through the bank communication channel including electronic bank account management (eBAM).  In order to help meet this requirement, SWIFT has selected SunGard for its eBAM Central Utility Pilot to help corporations achieve straight-through-processing of eBAM messages. With bank connectivity streamlined, corporations are now also looking internally to payment initiation systems and greater demand for standards and integration with treasury and bank systems.”



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