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Outsourcing

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Outsourcing Articles

  • Technology In-sourcing v Outsourcing: What Does it Mean for the Treasurer?
    Kelvin Walton, gtnews - 22 Mar 2013 Corporate treasurers are probably most conscious of their supporting technology when they have to pay for it, or when it goes wrong. This feature looks at treasuries available options, speaking to some of the technology providers about internal optimisation options versus outsourcing.
  • Outsourcing: Leveraging the Cloud
    Erik Seifert, SEB - 31 May 2011 How can outsourcing - both in its traditional and more innovative forms - level the playing field for smaller treasury departments? How do companies maintain the balance between efficiency and strategic control?
  • Aktia: Improving Treasury Operational Efficiency
    Thomas Bergqvist, SkySparc - 15 Feb 2011 After acquiring an insurance company, Finnish firm Aktia's treasury department was faced with a choice - either hire in-house dedicated treasury IT support for system maintenance, or retain an external Wall Street Systems' local partner company to provide on-call business support. It chose the latter, saving at least 50% of the cost of the in-house support option.
  • Selecting a Technology Partner - Key to a Successful RFP Process
    V Ramkumar, Cedar Management Consulting - 13 Jan 2011 When it comes to selecting a service or solution provider, the RFP's focus should be less on the vendor's services and more on the bank's needs and the ability of the vendor to meet those expectations.
  • Economic Growth and Business Opportunities in Latin America
    Mohit Joshi, Infosys - 11 Aug 2009 Latin America is gaining pace as an attractive place to offshore operations. What are the advantages and disadvantages of setting up business in Argentina, Brazil, Chile and Mexico?
  • Outsourcing: Helping Financial Institutions Progress in the New World of Banking
    Michael Burkie, BNY Mellon - 14 Jul 2009 As they emerge from the wreckage of the credit crisis, banks and financial institutions are working to reshape their operating models. This article discusses how outsourcing could help them.
  • Outsourcing in a Recession: A Blueprint for Success
    Simon Shooter, Bird & Bird - Sarah Walker, Bird & Bird - 14 Jul 2009 This article examines how to use outsourcing contracts to drive performance and reduce the chance of corporate failure.
  • Outsourcing: A Treasurer's View
    Svante Kandel, Treasury Management SA - 14 Jul 2009 This interview discusses the issues around treasury outsourcing and refutes some common objections
  • Treasury Outsourcing in New Zealand
    Richard Eaddy, ETOS - 14 Jul 2009 A look at innovations in treasury outsourcing in New Zealand, including managing currency risk and consolidation.
  • ACH Outsourcing: Profitability Enhancement for Mid-tier and Large Financial Institutions
    Laura Magazu, Fiserv - 14 Jul 2009 Models of ACH outsourcing include hosted, application service provider, and business process outsourcing. How do they differ?
  • Embracing Transparency: Technology as a Solution
    Robert Park, FINCAD - 14 Apr 2009 Why are all the regulations about financial transparency required and how can technology help in complying with these?
  • Mid-tier Treasury Technology: the New Web-delivered Opportunity
    Judson Murchie, Aite Group - 14 Apr 2009 Mid-tier corporate treasuries can now access web-delivered treasury solutions, which can provide the functionality breadth needed for effective treasury management at low implementation and maintenance costs.
  • Middle-market Treasury Requirements Expand with Increased Global Responsibility
    Andrew Woods, SunGard AvantGard - 14 Apr 2009 Emerging 'treasury-on-demand' technology helps middle-market companies stay competitive through shifting business environments and down economic cycles.
  • Evolution of Outsourced IT
    Sanjiv Gossain, Cognizant Technology Solutions - 5 Jun 2007 A recent survey of CEOs revealed that 83% believe that revenue generation will become IT's primary purpose within the next three years. How is the role of IT evolving and what impact will this have on outsourcing models.
  • Is the Stage Set for ASP Adoption?
    James Gilbert, FXpress Corporation - 16 Oct 2006 The changing dynamics of the financial services industry and developments in technology could mean that the ASP model is finally ready to take off.
  • Outsourcing: Impact on Working Capital
    Chris Haden, Anacomp - 15 Aug 2006 What impact does outsourcing business processes have on a corporate's working capital? This article examines the effects of outsourcing and compares onshore and offshore techniques.
  • Shared Services: Achieving Faster Payback
    Philip King, Atos Origin - 27 Mar 2006 Shared services have proven to be more than a management fad; companies that have implemented the business model have achieved cost savings as well as sustainable competitive advantage. How can companies make sure they achieve faster payback from their shared services strategy?
  • New Performance Levels for Shared Services Centres
    Thayer Stewart, OB10 - 27 Mar 2006 When shared service centres (SSCs) reach a certain level of maturity, especially in multinational or global corporations, the parent organizations of the SSCs expect much more of them. How are these performance levels developing and what factors must SSCs today aspire to?
  • Shared Services: Achieving Faster Payback
    Philip King, Atos Origin - 27 Mar 2006 Shared services have proven to be more than a management fad; companies that have implemented the business model have achieved cost savings as well as sustainable competitive advantage. How can companies make sure they achieve faster payback from their shared services strategy?
  • New Performance Levels for Shared Services Centres
    Thayer Stewart, OB10 - 27 Mar 2006 When shared service centres (SSCs) reach a certain level of maturity, especially in multinational or global corporations, the parent organizations of the SSCs expect much more of them. How are these performance levels developing and what factors must SSCs today aspire to?
  • How Technology is Changing the Arguments for and Against Treasury Outsourcing
    David Guest, ABN Amro - 11 Aug 2004 Web-enabled treasury management systems have effectively ended the traditional argument against treasury outsourcing - loss of control. Moreover, management of technology is not a core competence of the treasury department and is best left to outsourcing providers whose business depends on selecting and delivering the best technology on the market.

Contributing Editor

Kelvin Walton Industry expert Kelvin Walton is contributing editor for the Technology section on gtnews.

Read Kelvin's latest blog.
See Kelvin's biography.
Contact Kelvin.

2012 gtnews TMS Survey, sponsored by Reval

The annual Treasury Management Systems (TMS) Survey from gtnews is an invaluable guide to the range, use and effectiveness of treasury management systems (TMS) around the world. The 50-page report this year is sponsored by Reval and includes many charts and tables, and an expert commentary.

Download the full report here.

Commentary

Inaugural Asia-Pacific Treasury Barometer Survey Highlights Cash and Yield - 21 May 2013

A new treasury barometer survey for the Asia-Pacific region has been unveiled by SunGard and Bank of America Merrill Lynch at a press event attended by gtnews’ Richard Hartung. He spoke to senior managers at the firms about what they believe the survey reveals about Asian treasurers’ intentions, current set-up and biggest challenges - with cash visibility and yield enhancement high on the priority list.

Blog

Data Cleansing: Getting Your IBANs, BICs and Data in Order for SEPA - 1 Mar 2013

The need to identify and update inaccurate records is a constant for corporate treasuries. The requirement to undertake data cleansing to achieve sanctions screening compliance, deliver efficient cash reporting procedures, or just to keep regulators off your back, has received another boost recently, says gtnews contributing editor, David Kelin, because we are now less than a year away from the migration end date for the single euro payments area (SEPA). To achieve compliance corporates need to ensure all their international bank account numbers (IBANs) and bank identifier codes (BICs) in their payments stream are up-to-date.

Blog

TMS v ERP: Assessing the Technology Options - 14 Feb 2013

‘Treasury is for treasurers, and accounting is for accountants.’ A senior treasurer at a Fortune 20 firm uttered this phrase to me a few years ago, explains gtnews’ contributing editor Kelvin Walton, and it reflects an important truth. The needs and priorities of treasurers and accountants are different. These differences are reflected in the parties’ contrasting requirements for supporting technology with enterprise resource planning (ERP) and treasury management systems (TMS) often their respective chosen tools, but there is a role for both and a balance to be found among these systems.

Blog

2013 – The Year of eBAM? - 7 Jan 2013

The postponement of the launch of the SWIFT electronic bank account management (eBAM) Central Utility has not dampened the enthusiasm for eBAM – at least in some quarters – but it does mean that the lack of a common banking platform will force corporate treasurers to look elsewhere at individual banks, other organisations or technology vendors that are developing their own solutions, says gtnews contributing editor Kelvin Walton.

Blog

Cloud Computing and Treasury – Just Hot Air? - 14 Dec 2012

In his latest blog gtnews contributing editor, David Kelin, examines the concept of cloud computing, asking what it is, how it can help cash management automation and if its claimed benefits of increased flexibility and control are real or just hot air?

Interview

Interview: SWIFT EMEA CEO Alain Raes Adds Asia-Pacific Remit - 14 Nov 2012

As he prepares to add an Asia-Pacific remit to his role as chief executive officer (CEO) for SWIFT in Europe, Middle East and Africa (EMEA), Alain Raes took time out at Sibos 2012 to speak to gtnews about the opportunities he sees for SWIFT to expand its business in the East.

Interview

Interview: Unicredit’s Sebastian Hölker on Innovation to Power Growth - 14 Nov 2012

Using innovation to gain competitive advantage is important for many companies, so gtnews sat down with Unicredit’s head of global innovative trade products, Sebastian Hölker, at Sibos 2012 to hear how he implements the solutions that his team develops.

Interview

Interview: Microsoft Technologists Explain How Big Data Adds Big Value to Treasury - 14 Nov 2012

Big data was among the hot topics at this year’s Sibos 2012, so gtnews sat down with a trio of technologists from Microsoft for their take on how financial institutions and corporates alike can best leverage big data. Hear from industry solution director Colin Kerr, industry technology strategist for banking, Victor Dossey, and SQL server senior project manager, Sherri Brouwer.

Interview

Interview: SunGard’s Richard Chapman on How Operations Can Become Strategic - 14 Nov 2012

Back office costs can represent around 20% of bank operating expenditure, and a recent study by McKinsey showed that these costs can be reduced by up to 12% through tactical improvements such as automation and consolidation. gtnews talked with SunGard’s director of project management, Richard Chapman, at Sibos 2012 to find out more about how to achieve savings and efficiencies by moving towards operational maturity.

Blog

Sibos 2012 Summary: Reflections After Osaka - 5 Nov 2012

As participants headed home after full schedules at the Sibos conference in Osaka, it was time for them to reflect on the key themes, trends and opportunities that were evident over four busy days.

Blog

Sibos 2012 Blog 4: From Doing Good to Working in the Cloud - 1 Nov 2012

The final day of Sibos 2012 was marked by a mix of topics, from doing good in banking to using technology better to gain competitive advantage. It was also Japan Day, and a variety of speakers gave updates on the financial services landscape in Japan.

Blog

Sibos 2012 Blog 3: From Myanmar Opportunities to Mobile Payments - 31 Oct 2012

Sibos powered into its third day and the Corporate Forum its second, with discussions and presentations on how corporates can improve efficiency and risk management in particular. Late-day sessions looked at opportunities for business in Myanmar and the future of mobile payments. gtnews focused on finding the nuggets that will enable corporates to improve their performance.

Blog

Sibos 2012 Blog 2 : Sibos Corporate Forum Kicks Off with SWIFT for Corporates - 30 Oct 2012

The Corporate Forum has opened on the second day of Sibos 2012 in Osaka, Japan. The forum provided a multitude of insights and ideas for corporates on how to increase efficiency and leverage new technology tools. It also looked at how transaction banking can improve its operations as well.

Blog

Sibos 2012 Blog 1: The Bank Payment Obligation - 29 Oct 2012

According to SWIFT, it was on target to have 6,000 attendees descend on Osaka, Japan for the first day of its annual user conference, Sibos, on Monday 29 October, for opening formalities and lively rounds of discussion in the sessions and at exhibitors’ booths. The International Chamber of Commerce (ICC) took this opportunity to explain how bank payment obligations (BPOs), a new initiative jointly with SWIFT, offer an alternative to letters of credit (L/Cs) and open finance.

Blog

Do You Really Need to Change Your Current Solution? - 2 Oct 2012

This technology blog examines the common causes of frustration or dissatisfaction with mature treasury management systems (TMS) and asks what can be done to ease the pain?

Blog

EuroFinance 2012 Show Report – Day 1: Opening Plenary and Sweating Your Cash - 26 Sep 2012

The worsening economic situation in the world and on-going eurozone crisis mean that keeping control of your cash as a treasurer has rarely been more important, which is why the opening day of the EuroFinance trade show, running 26-28 September at the Grimaldi Forum in Monaco, opened with a dedicated conference stream addressing precisely this topic. Alongside the usual welcome speeches, exhibition stands and networking, treasurers got down to the core business of how best to sweat cash, protect it, move it cross-border, and call upon it when needed in tough times.

Commentary

Using Leading-edge BI Technology for Competitive Advantage - 19 Sep 2012

Business intelligence (BI) offers a key opportunity for corporates and financial institutions to gain competitive advantage and optimise fraud prevention, according to multiple speakers at the 3rd annual Financial Services Technology (FST) Media Technology and Innovation conference in Singapore in late August. Looking ahead, avatars using artificial intelligence (AI) may start to service financial institutions’ customers sooner than many expect.

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