Fortune 500 firm Avnet has chosen XRT to implement a new international platform covering cash, treasury, risk management and banking connectivity. The semiconductor and component distributor will roll out the solution at three sites, starting in Brussels, then moving on to Phoenix, Arizona, and Singapore. ‘The platform will ensure the full integration of Avnet cash and treasury activities throughout the organisation in order to streamline, secure and automate its financial flows’, said XRT. ‘Twenty-five Avnet subsidiaries will now have access to the Treasury platform via the C-Globe$ module in an Intranet environment,’ said Joseph Burke, Vice President & Treasurer, Avnet Corporate Services Group. Interfaced with SAP’s ERP and other financial systems, the solution is designed to enhance integration between the accounting and treasury systems, as well as allowing access to Bloomberg market data.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more