THE FINANCE SYSTEMS FITNESS TEST
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At the beating heart of your fintech firm, finance systems play a critical role in reducing risk and keeping your business healthy. But as you grow, can your back-office technology keep up with changing requirements? The temptation is to add individual software solutions as and when you need them. But in the long run, this makes your finance infrastructure more difficult and costly to expand. And without a scalable, tightly integrated framework, your systems may soon no longer be fit for purpose. Take our quiz now for a full finance management health check and treatment plan.
SDK QUIZ SETUP: In the Custom HTML settings, the data-score-boundaries are setup so that if a user scores a total value of 0-6 they are directed to the "NO" results page(tagged: Result1). If they accumulate a score of 7 or higher, they are directed to the"YES" results page(tagged:Result2). Each "NO" answer has been given a value of 1, each "YES" answer has been given a value of 2. The "YES" answers have been given a higher value so that, even if they only selects 3 out 6 "YES" answers, they will still see the "YES" results page (Result2). If you need to change the setup of this so that the "NO" answers have a higher value, simply change the value tag for the corresponding hotspots. *If you do this, be sure to adjust the Custom HTML accordingly.
OBJECT STATES FOR QUESTION PAGES: The "YES HOVER" and "NO HOVER" groups are setup using Object States. When you need to change the icons within these groups, ensure that you reset the Object State settings once you have replaced the old icon with the new one. The Object States for the icons and the dotted circles should be: DEFAULT: 100% Opacity / 0.1 Delay / 0.3 Duration / Ease In & Out HOVER & CLICK: 0% Opacity / 0.0 Delay / 0.3 Duration / Ease In & Out ***After you finish this, make sure you remove all interactions for the groups themselves (not the hotspots) so that ONLY when users hover/click the hotspot area does the Object State change (otherwise the user will be able to hover/click any piece of this larger group and have the object state change, we only want the Hotspot area to result in that interaction. The Object States for the text that appears on hover/click: DEFAULT: 0% Opacity / 0 Delay / 0.3 Duration / Ease In & Out HOVER & CLICK: 100% Opacity / 0.2 Delay / 0.3 Duration / Ease In & Out
*NOTES FOR DESIGNERS*
Our single, modular treasury management solution can support everything, from cash positioning to hedge accounting.
NO
CAN YOU MANAGE BOTH SIMPLE AND COMPLEX TREASURY AND RISK MANAGEMENT PROCESSES IN ONE SOLUTION?
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YES
We run, or will introduce in the future, separate systems for cash positioning, foreign exchange, hedge accounting and so on.
NOTES FOR DESIGNER: The "YES HOVER" and "NO HOVER" groups are setup using Object States. When you need to change the icons within these groups, ensure that you reset the Object State settings once you have replaced the old icon with the new one. The Object States for the icons and the dotted circles should be: DEFAULT: 100% Opacity / 0.1 Delay / 0.3 Duration / Ease In & Out HOVER & CLICK: 0% Opacity / 0.0 Delay / 0.3 Duration / Ease In & Out *After you finish this, make sure you remove all interactions for these groups so that ONLY when users hover/click the hotspot area does the Object State change (otherwise the user will be able to hover/click any piece of this larger group and have the object state change, we only want the Hotspot area to result in that interaction. The Object States for the text: DEFAULT: 0% Opacity / 0 Delay / 0.3 Duration / Ease In & Out HOVER & CLICK: 100% Opacity / 0.2 Delay / 0.3 Duration / Ease In & Out
A digital hub handles all our domestic and cross-border payments, for greater cash visibility and control over liquidity, cyberrisks and fraud.
DO YOU HAVE A CENTRALIZED VIEW OF ALL YOUR CASH FLOWS?
We monitor and control each of our payment or other transactional systems separately.
We have the option to integrate an external FX portal with our treasury system and provide customers and business entities with real-time rate feeds and auto-hedging capabilities.
COULD YOU ALLOW CORPORATE CUSTOMERS OR INTERNAL TEAMS TO MANAGE THEIR OWN FX TRADES?
We don’t have or currently need systems to manage FX risk and can’t offer FX payments and trading directly to internal divisions or customers.
Our technology provider offers a managed SaaS-based solution and bank communications channel to securely connect our treasury and payment solutions to banks.
CAN YOU QUICKLY AND EASILY CONNECT TO NEW BANKING PARTNERS?
We rely on our IT team to connect us to each of our banking partners, which can be a slow, costly and complex process.
Our finance technology provider offers integrated web-based software for managing both B2B payments and the credit-to-cash cycle.
CAN YOU AUTOMATE YOUR ACCOUNTS PAYABLE AND RECEIVABLE PROCESSES WITH SYSTEMS FROM ONE PROVIDER?
We have to manage payables and receivables either with separate systems from different vendors or manually.
With a single system, we can make same- or next-day payouts to accounts or cards in hundreds of countries, for low, pre-agreed fees.
DOES YOUR TECHNOLOGY LET YOU MAKE SAME-DAY PAYMENTS IN MULTIPLE CURRENCIES?
We can only send funds through traditional banking channels, so payments are often hit by hidden charges, FX fees and delays.
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Centralized, highly automated reconciliation processes help us avoid errors, improve efficiency and achieve data integrity and compliance.
DO YOU RECONCILE MOST OR ALL TRANSACTIONS WITH A SINGLE SOLUTION?
We run separate reconciliation systems for different processes and often still use spreadsheets to reconcile data.
Your finance systems may be more fragmented than they should be, but it’s never too late to start building a better integrated and more scalable infrastructure. The prognosis is good. With FIS’ robust ecosystem of solutions and services, you can lay foundations for a stronger finance function that controls cash and risk for less cost and grows seamlessly in line with your business.
FINANCE FITNESS IS IN REACH
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You’ve gone a long way toward the integrated, scalable operating model you need to optimize efficiency, security, visibility and control across your finance systems. But could you go further? By building a modular finance infrastructure with FIS, you’d be in an even healthier position to reduce risk, drive growth and futureproof your operations.
YOU’RE IN GREAT SHAPE
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©2023 FIS FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. Other parties’ marks are the property of their respective owners 2355359
