DaimlerChrysler has implemented the latest version of the Wallstreet Suite. The company has already implemented the treasury and risk management module, as well as the cash management and accounting at its headquarters in Stuttgart, Germany. The final installation completes the programme to replace several legacy systems, whereby the entire treasury process flow ranging from cash management, exposure management and forecasting, hedging transactions, confirmations, settlements (including SWIFT), treasury related accounting (including hedge accounting) to financial risk reporting is integrated in one system-platform. According to Wall Street, 450 subsidiaries can now capture their treasury data web-based in one centralized treasury-database.
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.