BearingPoint has produced a global treasury survey that sampled over 60 corporates across Europe, Asia and the US. The results found that less than 50% of the polled companies have up-to-date treasury management systems (TMS), which is consequently not compliant with legal frameworks such as SEPA, Basel II, IFRS, etc. Only one-third of the companies estimates the importance of IFRS 7 and IFRS 39 as significant to the organisation, processes and tools and only 7% of the corporates estimate the importance of IFRS 7 and IFRS 39 as significant to market risk, which suggests that the impact of legal change and customisation is not yet recognised. The majority of companies indicate significant improvement of their rating by implementing TMS. While implementing TMS, nearly 40% of the companies experienced delays due to technical problems.
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