The Association for Financial Professionals (AFP) has launched the first of a new series of AFP treasury management guides, the ‘AFP Guide to Treasury Technology’, to help corporate treasurers navigate the choices of complex financial technology solutions available to them.
The guide, which is sponsored by Wall Street Systems, arose as a result of trends that both AFP and Wall Street Systems had observed in the shifting role of the corporate treasurer. It provides case studies and articles about the challenges that corporate treasurers face and the specific solutions they have deployed to meet those challenges. In addition, a robust reference section aides in implementation.
“In today’s volatile business environment, this guide will be an invaluable tool to help corporate treasurers identify the most appropriate technology solution for their needs,” said Jim Kaitz, AFP’s president and chief executive officer (CEO). “Most importantly, the guide will help them implement their selections successfully.”
In the current financial environment, the role of corporate treasury has become more strategic, functioning at the core of a business to drive risk management, reduce costs, manage liquidity and optimize the use of funds for maximum operating efficiency and control across the enterprise. With increasingly global businesses and expanded supply chains, the corporate treasurer must capture transactional data beyond central treasury, maintaining a global view of financial risk. As a result, technology also plays a central role in the financial success of a business.
The guide supports the full spectrum of technology decisions that today’s corporate treasurer makes:
- Carrying out a minor enhancement.
- Moving to web-delivered treasury operations.
- Consolidating systems.
- Selecting and implementing a new solution.
It covers solutions ranging from treasury workstations up to enterprise treasury systems for the most complex requirements, from turnkey solutions to configurable or even custom-designed solutions.
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