Overview of achieving better cash visibility and maintaining Liquidity in today's climate by Uppili Raghavachari, Senior Manager and Leader on Deloitte’s cash management consulting team. Published on the Treasury Today website
According to Deloitte’s ninth biennial Financial Services Risk Management Survey, Operating in the new normal: Increased regulation and heightened expectations, financial institutions have far to go to ensure that they are managing their risk effectively
Full article from Treasury Insider here
In a recent interview with two of Deloittes' Treasury specialists published on the Treasury and Risk website one statement caught my eye
Many companies fail to dedicate people in treasury and IT to monitor business-as-usual activity and to support system and infrastructure maintenance. They may not have people in either function who are knowledgeable enough to understand the full picture and know how to keep the infrastructure performing optimally. So over time, these systems stop functioning as well as they did in the beginning.
Whilst the statement itself is based on the results from a recent Deloitte survey I still find it slightly bemusing that in this day and age of cloud based / outsourced Treasury functions that companies still feel the responsibility to support the solution. one of the biggest benefits of a cloud / hosted Treasury solution is the elimination of this requirement and the piece of mind that your chosen solution vendor is constantly monitoring the everything to keep it running smoothly and at optimal performance.
Full article here
Finpacific Treasury Systems is a specialist software provider of liquidity, treasury, and risk management solutions.