Manual processes are risky and time-consuming – and they make it difficult to give your CFO timely, high-quality information. Find out why you should automate processes in the cloud.
REASONS TO AUTOMATE YOUR TREASURY PROCESSES
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MODERNIZE YOUR TREASURY TECHNOLOGY today
By taking full advantage of digital technology and the cloud, you can automate manual processes, mitigate risk and gain a clearer view over your cash balances.
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Harness technology
Control costs
Gaining a clear overview of your organization's liquidity is essential, whatever the size of your company or financial institution – but in practice, manual processes can make this difficult to achieve.
By adopting a digital solution that provides a clear view of your cash balances across different legal entities, bank accounts and geographies, you can gain full visibility over your liquidity position – putting you in a better position to manage cash efficiently and effectively.
OPTIMIZE LIQUIDITY
Gain flexibility
Add value
From FX and interest rate risk to the growing cybersecurity threat, current market conditions continue to exacerbate different types of risk exposure.
By automating your risk management processes, you can gain an accurate real-time view of your exposures – enabling you to make better decisions, avoid unnecessary hedging costs and streamline hedge accounting. What’s more, automated processes can protect your treasury from the risk of cyberattacks and fraud.
GAIN CONTROL OVER RISKS
Automate the approvals process
Global acceptance
Many corporations, insurance companies and government agencies struggle with legacy payment technology that may be old, costly, difficult to maintain, and challenging to keep secure and compliant. Through modern, cloud-based payment platforms, you can centralize payment connectivity, maintain immediate visibility into payment activity and ensure adherence to payment workflows. As a result, you can save time, reduce costs and improve your payment controls.
CENTRALIZE AND AUTOMATE PAYMENTS
Increase reach
Drive innovation
In a high-risk environment, you need to be able to deliver information and insights to the CFO in a simple and digestible manner. But sourcing the necessary data can be difficult if you’re reliant on time-consuming manual processes.
Innovative technologies like robotics, artificial intelligence (AI), datalakes and APIs allow you to gain real-time insights to help mitigate risks, take advantage of predictive cash forecasting models and provide executives with the information they need to make critical business decisions.
HARNESS ADVANCED TECHNOLOGY
Comply with regulations
Improve decisions
Replace not just one but multiple legacy applications (e.g., separate applications for cash management and hedging)
Reduce Costs
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally.
Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
Reduce fraud risk
By 2027, 90% of the total assets under management globally will have been allocated with the strategic assistance of AI/ML technologies**
Thomas Jerolitsch, Vice President, Product Management, Enterprise Treasury, FIS
Benefits
FIS Global Innovation Report, 2023
Benefits
Forty-nine percent of executives say they face more risk now than in the past. 63% of organizations are concerned about financial risk.
* IDC FutureScape: Worldwide Capital Markets 2023 Predictions, October 2022
Benefits
100% of clearing and settlement workloads are expected to be conducted within a cloud environment by 2026*
* Celent Technology Trends Previsory: Capital Markets Sell Side, 2023 Edition, November 2022
Benefits
Key sell-side use cases for digital assets include:
repo transactions
crypto trading
digital securities issuance*
* FIS, The Global Innovation Report 2023
Improve decision making
“We have successfully re-hedged FX and commodity exposures, gained daily visibility over up to 80% of the group’s bank accounts, automated reconciliation of high-value treasury and intragroup netting flows and streamlined bank connectivity.”
Benefits
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“Preserving liquidity is a top priority in challenging market conditions, but without digital solutions, companies may struggle to achieve an overview of their cash balances.”
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Streamline costs
FIS Global Innovation Report, 2023
Ninety-eight percent of firms believe innovation plays a role in mitigating macro risks.
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36%
42%
Deloitte Global Treasury Survey, November 2022
Thomas Jerolitsch, Vice President, Product Management, Enterprise Treasury, FIS
Deloitte Global Treasury Survey, November 2022
Automate the approvals process
Reduce fraud risk
Respondents favoring cloud-based technologies grew from 36% in 2019 to 42% in 2022.
Implement new capabilities such as hedging or an in-house-banking, which helps reduce the overall number of bank relationships
With a FIS treasury management solution:
- Barna Gergely, Head of Global Treasury Operations at Hitachi ABB Power Grids
“We have successfully re-hedged FX and commodity exposures, gained daily visibility over up to 80% of the group’s bank accounts, automated reconciliation of high-value treasury and intragroup netting flows and streamlined bank connectivity.”
There are savings opportunities available through the deployment of more modern technology in the cloud, which very often helps reduce costs across the IT infrastructure giving treasurers the ability to:
