New research by SunGard and the Finance and Treasury Association in Australia has found that 48% of senior treasury professionals in Australia and New Zealand use cloud-based systems, whilst 78% expect the sector to see continued growth.
Of the companies who reported using non-hosted internal systems, 44% were considering moving onto the cloud whilst 54% reported being hampered by a lack of internal IT resources. Technology related issues were a commonly cited problem, with 28% of those polled saying that this posed a challenge. Around a fifth also experienced challenges when it comes to cashflow forecasting (22%) and risk management (19%).
“While the treasury technology landscape continues to evolve, treasurers’ fundamental priorities remain the same as ever; functionality and integration,” said John Filippis, Vice President of Solution Architecture for SunGard AvantGard’s Asia Pacific sector. “Hosted, hosted and managed or software-as-a-service solutions can help meet and maintain compliance needs without having to upgrade and rebuild internal systems – a costly and time consuming process.”
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
With rising interest rates being a hot topic at this year’s AFP conference, many treasurers were discussing how they can structure their ... read more