Reval Survey Shows Corporate Treasuries Pushing Centralization to its Limits

Reval Survey Shows Corporate Treasuries Pushing Centralization to its Limits
29.06.2015 01:00 am

Reval Survey Shows Corporate Treasuries Pushing Centralization to its Limits

Risk Management , Corporate , Treasury

 Although 73 percent of respondents to a recent Reval survey of more than 200 finance professionals report that they have already centralized control in payments management, 70 percent indicate they will centralize further in 2015. Reval, the leading global provider of a scalable cloud platform for Treasury and Risk Management (TRM), conducted the survey in the first quarter of 2015 to financial professionals in EMEA, North America and APAC.

“Over the past years, many treasuries have moved to central payment structures to reduce idle cash and prevent fraud," says Günther Peer, Vice President at Reval. "While laggards are still struggling with cash visibility, pioneers are already implementing more sophisticated concepts like payment factories or in-house banks. That´s where the big savings are."

According to the Reval survey, finance professionals feel they could significantly reduce transaction costs and bank fees by further centralizing payments management. More advanced technology is necessary to realize these savings, and according to the survey, every second treasury is planning to invest in its payment IT infrastructure over the next 12 months. "Cloud-based treasury systems can help centralization of payments management and increase visibility and efficiency," says Peer. 

For more information, download the Slide Deck "The Big Push to Centralize Payments"

Related News

European Commission clamps down on non-compliance with the 5th Anti-Money Laundering Directive (5MLD)

LexisNexis® Risk Solutions, the global analytics provider, is today reacting to the European Commission’s... Read more »

Royal Bank of Scotland Has Appointed a New CRO

Royal Bank of Scotland has appointed Vanessa Bailey as chief risk officer (CRO) of its ring-fenced bank, it said in an announcement. She will be based in London. Vanessa Bailey... Read more »

EastWest Banking Corporation Expands Use of Wolters Kluwer’s OneSumX Software to Manage Market Risk and ALM

EastWest Banking Corporation (EastWest) has selected Wolters Kluwer’s OneSumX for Risk Management to... Read more »

Eventus Systems Receives 2019 FOW International Award for Best New Technology Product: Market Surveillance

Eventus Systems, Inc., a leading global trade surveillance and market risk platform provider, has just won the... Read more »

Zerion Raises $2M to Fuel Next Phase of Decentralized Finance

Zerion, the first simple interface to the protocols of decentralized finance (“DeFi”), has raised $2M in seed funding from Placeholder, Blockchain.com Ventures, and Gnosis. The... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel