Finpacific Treasury Systems
will today release major new functionality in the latest version of MyTreasur-e.com
, the cloud based cashflow forecasting solution. The latest release includes a new Facility & Bonding module, enabling companies to manage their portfolios of Bank Guarantees and Surety Bonds
in one robust database whilst providing access and visibility at all levels of the enterprise from project managers through to the group treasurer. All bonding instruments whether they are issued or received can now be recorded, workflow managed with full audit trail, documentation uploaded, stored and managed, and easily reported on with user definable reporting tools.
Other major enhancements include bank statement file upload in common file formats as standard, providing the treasurer or finance professional with a group wide view of the "Actual" cash position, and enabling "Actual" cashflows to be automatically mapped from statement data, via user definable rules, for use in variance analysis and reporting.
Finpacific has further enhanced the reporting with the introduction a reporting cube which provides users with greater flexibility in report design and outputs.
To find out more about MyTreasur-e.com...Click Here!
or contact Finpacific
, the global leader in financial services software solutions, has further strengthened its leading position as a risk management software provider after being awarded first place overall in the annual Risk magazine Technology Rankings. As well as first place overall, Misys won six separate categories.
- Number One Overall - All Categories
- Number One Overall - Trading Systems
- Number One Trading Systems - Equities
- Number One Trading Systems - Rates
- Number One Trading Systems - Forex
- Number One Trading Systems - Inflation
- Number One Pricing and Analytics - Equities
- Number One Regulatory and Compliance Reporting
To download the full results, please click here...
of Misys, and exclusive distributors, support and service providers for Misys Kondor Trade Processing (KTP)
treasury software for corporates in Australia and New Zealand, Finpacific Treasury Systems
congratulate Misys for their success in the 2012 Risk Technology Rankings
Many corporate treasuries today manage a “Bonding” portfolio of Bank Guarantees (BG) or Performance Bonds (PB) related to the operations of their various business units or operating companies. These are extremely common in the construction and development industries as well as any industry where large scale projects are being delivered. A BG is a written commitment from a third party “guarantor”, issued on your behalf in favor of a third party to undertake to pay on demand the amount specified in the guarantee to meet your obligations under a contract signed between yourself and a third party.
Banks traditionally are the most common guarantors in Bank Guarantee Agreements with the BG issue recorded as a contingent liability against an existing working capital facility, or secured guarantee facilities.
An alternative to the traditional BG’s are Surety Bonds provided by insurance companies. Surety Bonds are like an insurance policy, providing protection for the principal of a contract against the default of the contractor. With the tightness of bank credit in todays global economic environment, Surety Bonds are worth consideration.
Some of the benefits of Surety Bonds include:
- Freeing up of your Assets – Surety Bond facilities are unsecured whereas banks facilities are secured.
- Liquidity improvement – Enhance your working capital with greater flexibility, allowing better utilisation of your balance sheet.
- Funding flexibility – greater funding flexibility by not tying up current banking lines.
Whether you manage a portfolio of bank guarantees, performance bonds, or surety bonds, the management of fees and charges becomes a challenge for treasuries especially when needing to account for the fees back at the business unit or underlying project level.
A robust Treasury Management System
such as MISYS Kondor Trade Processing (KTP)
, enables all your bank or surety facilities to be managed along with the issuance of bank guarantees, performance bonds or surety bonds, with the automated calculation of establishment fees, non-utilisation fees, issuance fees and others, generation of cashflows, and automated accounting generation based on your specific requirements for posting to your GL.MyTreasur-e.com
from Finpacific Treasury Systems
provides a cloud based enterprise tool for your operations to record and manage the underlying project information related to your bonding portfolio. Integrated with KTP, both your treasury and business units can access, update and report on your bonding portfolio 24/7 whether they are in the field or at their desk. To find out more on how you can better manager your bonding portfolio, please contact us here... Finpacific
are exclusive distributors, service and support providers for MISYS Kondor Trade Processing (KTP)
throughout Australia and New Zealand.
Finpacific Treasury Systems
has today released the latest version of MyTreasur-e.com
, the cloud based cashflow forecasting solution from Finpacific, which provides corporations with the ability to consolidate, manage and report on enterprise wide cashflow information from anywhere, 24/7.This latest release sees Finpacific deliver new features and enhancements based on our existing road map and feedback from our users.
As an enterprise tool to connect multiple users, across multiple divisions, business units and regions, MyTreasur-e.com provides a robust, secure and auditable platform to centralise operational and treasury cashflow information for analysis and reporting at both an aggregated and micro level. MyTreasur-e.com has been designed for flexible deployment as a stand alone solution, or to complement existing 3rd party software such as Treasury Management and ERP Systems.
With simple on-line registration, no software installation and minimal set up, users can be live with MyTreasur-e.com in next to no time.
To find out more.....Click here!
University of New South Wales signs agreement with Finpacific to implement the Misys Kondor Trade Processing (KTP) treasury management solution.
Sydney, 19 September 2012 – University of New South Wales (UNSW), one of Australia’s leading research and teaching universities has selected the Misys KTP treasury management solution, hosted by Misys local partners Finpacific Treasury Systems following an extensive formal selection process co-ordinated by a ‘Big 4’ accounting firm. The Finpacific solution was selected from a panel of 4 vendors, after rating highly across all categories of the selection criteria.
Mr. Andrew Fellowes, Director of Treasury and Investment Services, at UNSW commented that “the flexible nature of the KTP software, as well as the hosted delivery by Finpacific will provide UNSW with a scalable solution to manage our treasury and investment operations through a secure and robust platform. The Finpacific team demonstrated professionalism and commitment to gain an understanding of our requirements and we are confident of a successful solution delivery.”
Finpacific Treasury Systems is the exclusive distributor, support and service provider for corporate treasury management solutions from Misys
in Australia. Misys, following its integration with the former Thomson Reuters Trade and Risk Management business is the No.1 provider of financial services software.
In a close race to the top of this year’s Asia Risk technology rankings, the newly expanded Misys edged top spot ahead of Murex, writes Clive Davidson from Asia Risk Magazine
Capturing first place overall this year is London-based Misys, which also topped the overall pricing and risk analytics category, plus taking second place in the overall risk and trading systems categories. This pushed Misys past last year’s winner Murex (although the overall positions are not strictly comparable as this year they are based on percentage of overall votes rather than number of first places in the various categories, as previously).
Misys is more than the company it was last year in that it now incorporates the risk technology business of Thomson Reuters, with which it merged in March and which topped the rankings in 2009 and 2010. However, given that Misys is now a massive merged entity with a broad swathe of products (also including those of previous acquisition Sophis), it should be noted that it only beat Murex by less than a percentage point in terms of overall share of the vote.
Finpacific is a partner of Misys and exclusive distributor of Misys KTP treasury management software for corporates in Australia. To read more, click here...
Last month, Jetset Travelworld Group (JTG)
, the integrated travel business of well known brands such as Harvey World Travel, Travelscene, Travelworld, Jetset and Qantas Holidays, completed implementation of the Finpacific "CATS"
solution. CATS is Finpacific's hosted offering of Misys
KTP treasury management software, a leading solution with over 6,500 users globally.
As a business with 26 separate entities operating in 8 countries, JTG' required a solution to provide a 360 degree view of the group's cash position, manage daily and future cash requirements and improve cashflow forecasting across the group. The solution also needed to streamline through automate, provide greater control and reporting of group wide FX exposures, hedging and the management of JTG's portfolio of bank guarantees.
Mr. Mick Mag, Treasury Manager at JTG stated that "[...] Following reviews of a number of treasury solutions, Finpacific's “CATS” solution was chosen, due to its superior cash management and forecasting capabilities and ability to integrate with our bank, providing automated statement upload for 119 bank accounts in 10 currencies, giving JTG visibility of our global cash position, as well as to the banks online FX dealing system, enabling FX deals to be managed for hedge accounting and reporting in a more efficient process."
The CATS solution which comes with a seamless interface to Thomson Reuters Market Data Network, enables JTG to value their FX positions on demand with the latest market data, run effectiveness testing for IAS39 hedge strategies and perform risk management.
The Finpacific project team worked closely with JTG to understand their needs and delivery outcomes throughout the successful implementation. According to Mr. Mag, "[...] the excellent support and experience of Finpacific consultants combined with an effective Project Management framework enabled delivery of the solution on-time and on budget."
To find out more on how Finpacific can help you, click here...
Risk magazine has named Misys
, the owner of Kondor Trade Processing (KTP)
treasury management software, in which Finpacific is the exclusive distributor, support and service provider for the Australian market, amongst its 'Firms of the Future' in the technology category. To read more....click here
Last week Microsoft announced a big shift in its global strategy: Microsoft will move Office suite of software applications to the cloud
With the announcement of Microsoft redeveloping their Office software to be a cloud based service
is evidence they have learned from the Tablet experience and want to be a leader, not a follower. The office product is the biggest revenue producer for Microsoft and the number one ranked workplace software. They obviously want to maintain both revenue and status of this product. Apple and Google are making inroads to this market place with one fundamental difference, it’s cloud based. Google
has already a well-established cloud based software suite, Google Doc and Apple
thank to its leadership in the tablet and mobile market is moving on this market. Microsoft has recognised the market has shifted and installing bulky applications locally is no longer the favoured approach. Availability, collaboration, integration, redundancy and simplicity are all key topics in today’s technology environment. The Office suite will integrate the document storage, will be compatible with touch screens widely used in tablets, and will incorporates Skype
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“This is the most ambitious release of Microsoft Office that we've ever done.”
So what has Microsoft done? They’ve completely reinvented their flagship product, they don’t want to risk being left behind like they were with the tablet. The new Office (codenamed 15) has been reinvented and now delivered as a cloud based service instead of a bulky locally installed application. This reality of SaaS
(Software as a Service
) is fast taking off and Microsoft has enforced that this is a realistic alternative to the traditional method of locally installed applications.
Microsoft believes cloud based SaaS is the best way of delivering their multi-billion dollar office suite. At Finpacific we are convinced for a long time that cloud based software is the way to go in the future and that is why we have developed a cloud based cashflow management and forecasting solution. To learn more about this product you can click here