In the News
Over the next three years, 68% of treasury professionals believe their role will become increasingly important to their businesses. Advances in technology are allowing corporate treasuries to become a stronger strategic partner to the rest of the company, according to a recent survey of treasury professionals.
CLP is committed to implementing best-in-class processes, controls and decision-making across its business, so is its treasury department. As the group continued on its growth trajectory, treasury needed a more robust, scalable treasury management solution to meet its current and future needs, particularly given the fast-changing market and regulatory environment. In this article, Francis Ho, Senior Director – Group Treasury & Project Finance of CLP Holdings, describes the process of selecting and implementing a solution in treasury, the outcomes that treasury has achieved so far, and future plans.
Recent volatility has FX managers weighing the right time to use options and forwards.
This insurance giant decided to partner with a major treasury risk management provider and thirdparty SWIFT service bureau to deliver its solution. The team now process over 1,000 bank statements and monitor exposure against 500+ limits each day.
Companies within the European Union, listen up: The European Financial Reporting Advisory Group (EFRAG) has embraced new financial standards on financial instruments, and earlier adoption is now possible within the EU.
Companies have little time left in which to begin hedge accounting technology projects, now that the European Commission (EC) has endorsed International Financial Reporting Standard (IFRS) 9, says Reval.
Despite increasing automation throughout most of the corporate organisations in Asia, treasury in many companies has stuck with long-established and often manual practices. Innovation and new technologies are delivering better treasury management systems or alternatives, however, corporate treasuries may soon find new options that could lead to significant enhancements.
Reval provides robust treasury and risk management capabilities to help banks differentiate webbased services to their corporate banking clients.
As companies add new markets, products and entities, they often outgrow the policies, processes and technology they have in place to run their corporate treasury operations. Their first instinct is to turn to their trusted bank partners for help.
Reval’s “Global Treasury Benchmarking Survey” of more than 600 corporate financial professionals from all regions helps banks understand how corporate treasury is changing and what they can do to attract new business instead of losing it.