IT: Helping Duke of cash

Over the past ten years, Corporate Treasury has been constantly evolving and because of factors such as the current downturn in the financial markets are looking for help from IT. Previously, the industry has worked on the task-based activities and has often been limited by manual processes. But now technology such as online banking, multi-bank reporting, treasury workstations and Enterprise Resource Planning (ERP), the company treasures, everything from help with liquidity and the value of force ever.

Treasury Services is the nature of the investment bank, provides the official transactions, investment and information services to Chief Financial Officer. It offers trade finance, logistics and other services to their customers, but often remains the biggest challenge Treasurer.

Various solutions to IT giants
A number of IT giants like IBM, Oracle have provided different solutions to banks, financial institutions and capital markets have severalEntity.
IBM offers a wide range of banking solutions to the needs of your business and optimize your financial situation. The company has worked with other big names like Fidelity, Avaya, and Temenos. With IBM solutions, is able to provide innovative products to market at a higher rate. IBM's solutions and fidelity the major components of banking activities to meet the challenges of retail and can help to automate them. 'S solutions help companies streamlineimprove case management, risk management and activities.
If the front office is your concern, then IBM with Cisco solutions for you. They can help keep profitable customers. The selection of Oracle Financial Services Consulting includes set-up for the transformation of the business, Market Risk Practice, vendor evaluation and selection of the product and the consolidation of the Treasury.

Recently, EDS, an HP company, has signed an agreement with 30 million U.S. dollarsare the U.S. Department of Treasury Office of improving the user experience for the agency operates. The company will provide services to HP desktops, workstations, notebooks, wireless products, mobile printers and scanners to improve the workplace.

Bank Treasury Services priority
Several analysts suggest that banks must follow a set of priorities for the future, treasury services, so that they can lead to. Banks should be more onDeposits of cash and services, customer relationships deeper and improve the various products and provides its customers with cost reduction and integration. You should also identify new sources of income and better capitalize on existing ones. This year, many banks are working on clearing and electronic payments, and international capacity by consolidating platforms, processes, and outsourcing.

New technologies to increase the StateServices revenue
traditional services include treasurer of clearing checks, money transfers, ACH payments and services of DDA. But now, treasury products have begun to expand and form of electronic payment services, commercial cards, and exchange rates. In addition, the Treasury, customers can interact with online banking have an easy user interface, flexibility of tools Analysis of an online channel for customers. Various international servicesalso help the revenue for services rendered. With increasing globalization and growing international business, banks will be asked to support the global banking system needs of their customers.
Conclusion
According to various analysts, the services to reveal the full potential of the corporate treasury, the organization should follow the priorities and policies are changing their strategies. With only one goal, the Treasury Group on commodity marketUse of new technologies such as regular multi-bank, treasury workstations, and enterprise solutions.

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