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Trends and challenges in treasury technology

Treasury and Cash Management Technology Survey

The key findings of the first annual Treasury and Cash Management Technology Survey, by Zanders and Citi Treasury and Trade Solutions, highlight some of the trends in the deployment of enterprise resource planning (ERP) systems and treasury management systems (TMSs) and the challenges as perceived by the corporate treasury practitioners who use the systems.

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EMEA’s shared service centers

Companies across Europe, the Middle East and Africa (EMEA) have been at the forefront of the adoption of shared service centers (SSCs) in order to lower costs over the past two decades as part of a broader corporate agenda that encompassed globalization and the expansion of outsourcing. Now, many EMEA companies are putting SSCs at the heart of their treasury transformation initiatives and are considering their deployment to help achieve a number of new goals.

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Corporate challenges

How to deal with payment fraud and cyber crime?

In the past few years, many companies have centralized their payment processes by setting up a payment factory. The main focus of these types of projects is often on change management and technical implementation. This means that operational risk and control issues, which arise when the execution of payments is transferred from several local entities to one central entity, do not always get the attention they deserve. Operational risks that can be identified relate to payment fraud (internal risk) and cyber crime (external risk). How should companies deal with these challenges? In this article, two experts provide their points of view.

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Future Standardisation of Financial Messages – Quo Vadis?

As business is increasingly done on a global level, communicating efficiently with internal and external stakeholders is a basic requirement for corporates. Luckily, the era of sending messages by fax is long gone and electronic messages have become the standard. Free from the limitations of physical messages, they allow corporates to exchange information in an efficient, cost-effective manner. However to improve straight-through-processing (STP), some agreements regarding the content and layout of electronic messages have to be in place for multiple users and a large part of the market to follow. Since the emergence of SWIFT in 1975, multiple standards have been developed. This article reviews the message standards landscape, beginning with the Common Global Implementation (CGI) initiative.

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Alliance Lite or SWIFT Service Bureau?

With SWIFT’s launch of the cloud-based Alliance Lite2 (AL2) last year and the recent introduction of new requirements and certification of SWIFT service bureaus (SSB), the question is: how can corporate treasurers choose the best way to connect to SWIFTNet?

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