Taking the Fear Out of Mid-market Treasury Reporting

As a treasurer in a fast growing mid-market company, would you agree to this statement: Reporting is the most exciting task in treasury. No?

Reporting is torturous to many treasurers, especially when done on spreadsheets. It is time consuming to collect financial data from bank portals and ERP systems. It is burdensome to chase controllers and accountants in subsidiaries via email for additional information. It is boring to copy and paste everything into Excel, and it is error-prone. When you think they are done, you find a broken formula and have to start all over again. In most cases, more work follows when the CFO starts asking for details or different scenarios.

But reporting doesn’t need to be traumatic. Leading practice treasury systems capture all financial data in a single cloud platform and allow finance teams to analyse and report on their data in real-time. Interactive dashboards and data cubes provide clear and concise data views and commonly, best practice reports are already integrated in the system.

For example, the following standard reports are part of the Reval Cloud Platform:

  1. Cash visibility and trapped cash percentages
  2. Stress testing and scenario analysis across cash and risk
  3. Payments processing success
  4. Cash forecasting accuracy
  5. Share of wallet
  6. Liquidity buffers
  7. Time-bucket hedged positions
  8. Cost of funds performance
  9. Hedge accounting compliance
  10. Counterparty credit exposure and concertation risks

Real-time reporting is no longer a luxury, only available to the biggest treasury organisations. Today, cloud treasury systems allow finance teams in midmarket organizations that have to get along with smaller budgets to implement best practice reporting.

Make reporting your most exciting to-do, read this article to find out how to switch from Excel to a treasury management system.