In past blog posts, we have explored how Treasury Integration is Key to Optimizing Digital Transformation and have covered the Digital Solutions Economy (DSE) from several different perspectives. In this post we'll take a look at how DSE is impacting various aspects of Treasury Management and explore the implications from a treasury perspective.
The demands on corporate treasury departments are driving constant change. Requirements for increased accountability, better monitoring and improved performance means treasury leaders need to constantly upgrade their technical expertise, reduce costs and mitigate uncertainty. Treasurers also need to cope with the growing complexity of financial instruments, volatile financial markets and the introduction of new regulations and accounting practices.
Working capital is one of the top tools to manage and improve Cash Flow. With SAP's S/4HANA finance and treasury solutions you can have real-time access to the data and insights you need to improve working capital.
Join Bramasol's Julio Dalla Costa (Director of Technical Accounting) , and SAP's Haresh Chhaya to learn how to target Days Sales Outstanding, Days Payables Outstanding and the Currency Conversion Cycle to pinpoint targets for improvement.
Watch now our recorded webinar on March 30, 2021 - 10 AM PDT / 1 PM EDT if you want to know how you can gain visibility into Working Capital with the world's leading ERP software, you can't afford to miss this.
Treasury is one of the most important aspects within the Office of the CFO and is a critical factor for success in every company. However, treasury functions are not always unified and integrated. In too many companies, the evolution of disparate applications for cash, banking, risk management and other key treasury missions has created a patchwork of legacy systems that can stifle productivity and increase risks.
Webinar: Developing a Cost Effective, Secure and Scalable Banking Strategy with SAP Multi-Bank Connectivity
Lower costs and increase security and flexibility all at the same time? Yes, it can be done!
Bramasol’s expert team shared how we can help you lower bank fees, compensating balances and transaction fees, while increasing the security and flexibility of you banking infrastructure on the webinar recorded on January 21st, 2021. Watch now!
The demands on corporate treasury departments are driving constant change. Requirements for increased accountability, better monitoring and improved performance means treasury leaders need to constantly upgrade their technical expertise, reduce costs and mitigate uncertainty. Treasurers also need to cope with the growing complexity of financial instruments, volatile
financial markets and the introduction of new regulations and accounting practices.
Banking connectivity provides an enterprise-wide foundation for security, completeness, accuracy, and timeliness of your data, along with delivering the insights and visibility to optimize daily cash positions. A fully integrated banking connectivity solution can provide you an insights into where your cash is and with whom and visibility to drive real-time cash positions and much more.
Treasury executives are facing an unprecedented confluence of challenges today, with no reasonable prospect that the massive waves of change will be easing up any time soon. In addition to the black swan event of a global pandemic that has literally shutdown economic activity in much of the world, companies are also dealing with other high volatility forces, such as the Russia vs Middle East oil production standoff and global currency fluctuations.
These and other related forces are combining to create significant new challenges for Treasury, which in turn is accelerating the already existing trend toward greater integration and interoperability of various treasury-related software applications. For example, management of cash positions, working capital and hedges against external risk factors are prime focus areas that can benefit from enterprise-wide visibility along with flexible analytics tools and agile response mechanisms.
Overall risk management entails these four key areas:
- Financial: Cash, Foreign Exchange, Commodities, Exposures, Credit
- Geo-political: Taxes, Tariffs, Trade, Political
- Business Continuity: People, Processes, Supply Chain, Equipment, Real Estate
- Security: Data, Systems, People, Property, Brand/Reputation
Security issues span all aspects of a business. For more info, watch the video of this webinar on Risk and Exposure. In this post, we are focused on three areas, Financial, Geo-political, and Business Continuity, all of which have significant relevance to enterprise-wide treasury integration.
Podcast- Dave Fellers, Bramasol CEO, discusses the Importance of Enterprise-wide Treasury Integration
Treasurers spend their working lives trying to avoid or alleviate risk, looking ahead and planning for the ‘worst-case scenario’ – an idea that has been given new importance and urgency by the COVID-19 pandemic. A driving challenge in this setback for many businesses are to proceed with business as usual in a time when business is very unusual. For treasurers, the way to do this is to ensure that the data and information are readily accessible and reliable, especially pertaining to current and future cash flows.
Bramasol, the leader in SAP finance solution delivery, has announced a new Rapid Deployment Offering Global Cash Visibility Solution With SAP Multi-Bank Connectivity (MBC).