Some of the most significant enhancements include data segregation, internet integration, a new deal type to support leases; and improvements to the user-friendly workbench facility, user interfaces and nominal ledger. Other enhancements have been made to the system’s deals facility, data analysis reporting, cash management, static data and risk management. Data segregation brings major benefits to companies operating an enterprise-wide global treasury, which is a growing trend in corporate treasury management. Internet integration enables on-line trading to be combined with the treasury system’s straight through processing facility. To support fixed rate leases, IT/2 now incorporates a new deal type: LEA – Lease. This can be used to record both financial and operating leases and can be configured to support rent paid either in advance or in arrears. Leases are a fully integrated deal type within IT/2 and are recorded from the point of view of the lessee.
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.