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.”
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The Swiss reinsurer highlights 21 emerging risks that its industry and society in general should keep on its radar.
For organisations looking at purchasing new risk solutions in order to address increasing pressures in this area, the bobsguide Risk Management Systems Guide features a comprehensive matrix allowing buyers to compare and contrast the different functionalities of solutions in the market today.
Treasury Innovation Forum (TIF), a GTNews event, is designed to provide treasury and finance professionals with industry analysis, peer-to-peer-discussion and access to the latest industry research. Taking place on the 29th June at DoubleTree Hilton, Victoria, London, this one-day event promises to provide insight to helps treasury professionals stay one step ahead.