THE FINANCE FUNCTION FITNESS TEST
Start the quiz
At the beating heart of your capital markets firm, finance plays a critical role in reducing risk and stimulating growth. So, as the CFO, you need complete control over the increasingly complex processes your team has to handle. But fragmented systems and manual processes can compound that complexity and stop finance from operating at the top of its game. Without modern systems, your function’s fitness levels may be under par. Take our quiz now for a full 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*
We use a single, automated treasury management solution to simplify complex processes and bring together disparate data for decision making.
NO
CAN YOU FULLY AUTOMATE YOUR TREASURY AND RISK MANAGEMENT PROCESSES?
NEXT
Back
YES
Disparate legacy systems and data sources stop us from achieving the levels of straight-through processing we need to efficiently manage data, cash and risk.
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?
With multiple payment systems, we find it difficult and costly to control high volumes of transactions across different asset classes.
An external FX portal, integrated with our treasury system, provides customers and business entities with real-time rate feeds and auto-hedging capabilities.
DO YOU ALLOW CORPORATE CUSTOMERS AND INTERNAL TEAMS TO MANAGE THEIR OWN FX TRADES?
We struggle to effectively manage FX risk and can’t offer FX payments and trading directly to internal divisions or customers.
We’ve engaged a managed service to securely connect our treasury and payment solutions to banks, via SWIFT and other networks.
CAN YOU QUICKLY AND EASILY CONNECT TO NEW BANKING PARTNERS?
We rely on our IT team to manage connectivity with multiple banking partners, which can be a slow, complex process.
Integrated web-based software helps us not only save money automating B2B payments but also earn rebates on virtual cards.
HAVE YOU AUTOMATED YOUR ACCOUNTS PAYABLE PROCESS?
We still make a lot of B2B payments by check and manage accounts payable activity with manual processes.
We automate our credit-to-cash cycle with a single system that uses workflows, AI and collaboration tools to improve our cash flow.
WHAT ABOUT ACCOUNTS RECEIVABLE – HAVE YOU AUTOMATED YOUR CREDIT-TO-CASH PROCESS?
Despite rising collection volumes, we continue to manage receivables with manual processes and disparate systems.
See your results
Centralized, automated reconciliations help us avoid errors, improve efficiency and ensure compliance with financial, regulatory and global accounting requirements.
DO YOU RECONCILE MOST OR ALL TRANSACTIONS WITH A SINGLE DIGITAL SOLUTION?
We use multiple systems and spreadsheets for different reconciliation processes, which makes data integrity harder to achieve.
Your operations may still be more fragmented and manual than they should be, but you’re far from alone. Many other capital markets firms are only now starting to transform their finance processes and discover how an expert technology partner can help them support growth. The prognosis is good. With a robust ecosystem of software and services, you can rapidly reduce complexity, increase accuracy and control, and better manage cash and risk for less cost.
DIGITAL FITNESS IS IN REACH
Don't worry
Take the quiz again
Learn more
©2024 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. 2312062
You’ve gone a long way toward the modern operating model you need to optimize efficiency, security, visibility and control. But could you go further? By digitizing, rethinking and streamlining even more processes across the finance function, you’d be in an even healthier position to reduce risk and drive growth.
YOU’RE IN GREAT SHAPE
CONGRATULATIONS
©2024 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 2312062
