Johnson Controls has completed the implementation of Finance KIT, Trema’s integrated treasury, risk and asset management system, in its Treasury Center in Brussels and is presently implementing the system at its headquarters Treasury Centre in Milwaukee, Wisconsin, USA. Completion of the U.S. project advances Johnson Controls’ objective of providing an integrated treasury management system that electronically links various corporate treasury centres with operating units, outside banks, and service providers, and delivers front-office analytics, middle office controls, and back office administrative services 24 hours a day, worldwide. The company is also partnering with Trema to develop and pilot a Web-based cash management solution based on Trema’s Intra-Bank Module. The solution will include multilateral netting, third party payments, zero-balancing, cashflow forecasting, and other advanced cash management functions.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.