Banking Solution Treasury

 

 

Managing the financial activities of any business can be a difficult task and for those in control of treasuries in the banking and financial industries, it can be especially difficult. From the continuous influx of new or changing regulations, through to the maze of systems required to manage risk effectively, it's important to ensure that your Treasury Management System (TMS) will function to your exact requirements, while providing useful and insightful reports.

In general, a business investing in and implementing a treasury management system can expect it to improve cash visibility and financial risk management, as well as enhancing treasury efficiency and accuracy. There are a number of TMS tools available and Clover can help you find the best technological solutions for your company, including databases, analytics programs and frontend.

The Treasury group deals with bank's investment portfolio, government securities, corporate bonds, money market, and Forex. Traditionally most of the customer offerings have centered on foreign exchange which used to contribute bulk of Treasury revenue from customers and a sizable proportion of treasury revenue. The global FX market today is much different than what it was even few years back. The volumes have grown exponentially while at the same time eroding margins or what traders call bid/ask spreads.

Treasury offerings are normally classified as front, middle and back office, and typically the user set is different.

• Front office functionality includes deal capture, deal pricing, position keeping and limits monitoring.
• Middle office functionality includes limits and risk management.
• Back office functionality covers accounting, settlements, confirmations, reporting and reconciliations.

Traditionally banks have deployed different systems in these areas with the increased overhead of integrating them. Over time the banks have realized the importance of increasing operational efficiency and reducing operational delays by using straight-through-processing applications which combine front, middle and back office functionality in a single application. Further banks offering e-trading facility to their institutional customers have seen increased cost savings on delivery of this service by further integrating customer facing applications with back end treasury applications.

The way forward is to have a single application covering front, mid and back office requirements. In addition to reducing cost of operation, it helps in improving operational efficiency. This is driving the banks to vie for a consolidated approach and replace their existing set of products (Kondor+, Urbis, RetAd, Limits, etc.) with a single solution such as Murex, Calypso, Summit, SunGard etc.

 

Services Offered

• Product implementation & Support: Murex, Calypso.
• Application Development & Support services: Leverage the experience gained while developing the process automation systems such as Digital confirmation, Online Forex Buy and Sale, etc.
• Reporting: Strong team of professionals with experience on Actuate reporting, to generate custom reports.
• Testing Services: Utilize its functional expertise in testing the Front office, Middle office and Back office systems post the product company has deployed its solutions.