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

Wolters Kluwer Triumphs with Two Industry Awards for Vanceo™ Mortgage

Vanceo™ Mortgage, an automated loan processing system offered by ... Read more »

ACA Compliance Group becomes sponsoring partner of AIMA

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has become a global... Read more »

Trade Ledger integrates WiserFunding to advance complex commercial risk assessments

Trade Ledger and Wiserfunding today announced a partnership that allows banks and alternative finance providers to more accurately assess their mid-market commercial customers... Read more »

Equiniti Riskfactor unveils new partnership with Codat

Equiniti Group plc, an international technology-led services and payments specialist, is delighted to announce that its risk management business, Equiniti Riskfactor, has... Read more »

Linedata launches its new generation platform for credit origination and risk management

Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services has released its new generation platform for credit origination... 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