Treasury management systems

Your challenges

Your business is expanding, you are entering overseas markets, and this is exposing you to new risks that you need help identifying, recording, as well as managing.

Your existing treasury management system no longer meets your business needs or IT security standards. The current vendor has ceased adding new instruments or providing support.

You have acquired businesses that have a different, or more complex, risk environments that you needs to hedge or protect against.

The board requires more detailed and regular reporting, as well as better cash flow forecasts to meet an increased debt burden, than the current system provides.

You wish to reduce your IT systems costs and outsource back-office processing to a third party

Your TMS needs to be more integrated with your ERP & banking systems to reduce operational risk and achieve greater automation, instantaneous deal matching and confirmation

Finally, you’re looking for a solution that will enable you to exploit new developments such as liquidity portals, supply chain finance solutions, instant payments, robotic processes and advisors.

Choosing the right treasury management systems… and deploying them

Implementing a TMS requires a significant investment in time and money – so getting it right is essential to ensure you maximize the return from the system and it operates as required.

Having a partner by your side, who understands all the complexities and has the resources to devote to the project, can make the difference between having a partially implemented system that requires constant manual intervention and a successful one that is fully automated, together with reporting.

Some considerations that need to be accommodated, or taken into account, include;

• incorporate the specific challenges facing the organisation and activities of your group
• differentiate the characteristics and specific features of the many solutions offered by the market
• set a strategy for bank communication protocols (SWIFT, Host-to-Host) and message formats (CFONB, XML, MTXXX)

Access to dealing and FX confirmation services

In-source or outsource hosting of the system

Bank Account Management or Fee management modules

Each implementation is unique to the organization and it requires a tailor-made approach.

What we offer

Treasury Management System (TMS) selection projects are delivered by our partner RedPeaks on a regional or global basis, from end to end.

RedPeaks supports clients in defining requirements across treasury, accounting, audit, IT, and system security functions. Their teams also assist throughout the implementation phase, including the loading of historical and static data, the design of risk management reporting, and the integration with third-party systems.

What added value does RedPeaks bring?

RedPeaks has successfully implemented numerous treasury management systems,

developing extensive expertise in the strengths and limitations of leading TMS providers. This experience enables them to identify the most suitable solutions based on each organization’s specific requirements and operating environment.

Their added value is particularly evident in the following areas:

• A comprehensive understanding of treasury organizations’ challenges
• Identification and hedging of exposures, FX confirmations, mark-to-market processes, and reporting
• Optimization of group processes, including payments, collections, and T&E expenses
• Process mapping, IT procedures, and system security
• Strong benchmarking capabilities, supported by broad market experience

What makes this approach different?

Through RedPeaks, clients benefit from objective and independent advice across all key stages of a TMS project, enabling fully informed decision-making:

• Analysis of current architecture and identification of issues
• Definition of functional and technical requirements
• Identification and assessment of potential solutions
• Drafting of requests for proposal (RFP) and specifications
• End-to-end management of the consultation process
• Analysis of vendor proposals and recommendations on target architectures
• Support in contract negotiations (software vendors, banks, SWIFT, etc.)
• Implementation support, including Project Management Office (PMO) services

In addition, RedPeaks ensures strong alignment of interests, with part of its remuneration linked to the successful delivery of the project—on time and within budget.