Emap has licensed the corporate treasury software product eTC from City Financials for its central treasury operations based in the UK. A review of Emap’s current treasury system established that it no longer met the needs and future requirements of the business. City Financials’ eTC product was chosen after a ‘proof of concept’ and selection process. Key factors in the decision were the need for a robust system, strong in accounting, coherent IAS 39 capabilities and strategy, easy report production and sound internal controls to meet corporate governance requirements. Group treasury manager at Emap, Mike Foye said the system would streamline the company’s liquidity management processes, risk and exposure evaluation.
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.