Más contenido relacionado La actualidad más candente (10) Similar a Corporate Treasury Bank Tieto public (20) 3. © Tieto Corporation
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Tieto - Reinforcing industry expertise
3
Building on our
long customer
relationships
Expanding existing
customer core process
understanding
Inventing in industry
consulting, technology
expertise and
selective own IPR
Enterprises
(incl. public sector)
headquartered in
core markets
Financial
Services
Public,
Healthcare and
Welfare
Manufacturing,
Retail and
Logistics
Telecom, Media,
Energy and
Utilities
4. © Tieto Corporation
Public
New demands drives changes in cash
management
Pace of change“Innovate or vanish”New normal for efficiency
Banks
drivers
Corporate
drivers
Automation
Cloud
Analytics
Real-timeMarket place
Customer
Relations
Regulations
Technology
Heritage
4
5. Public
Corporates and Banks
Automation is compulsory by
global corporates through
• Standards
• Technology
Improving the financial
value chain
Gap between corporate needs &
bank offerings
• Banks driven by factors like “financial
consolidation”, “regulatory changes” &
technology heritage
• Corporates needs information services,
E2E STP enablement & real-time execution
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Market developments
Bank market
6
9600
4560
3640
2800
6000
7000
8000
12000
17000
2009 2012 2015 2018 2025
Market developments
Payment Banks Europe Cororates > 1 BUSD
• Consolidations & concentration
• Non FI competition
Corporate market
• Growth
More and larger
• Globalizations
Ref; McKinsey; MGI_Urban_world3_ES_Oct2013
European Central Bank statistics, 2014
7. © Tieto Corporation
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Bank Snapshot
7
“Agency
banking”
Offer a bank’s
core services to
other FI
Reconciliation
services for AR
Large virtual
account set-up
New
Product
launches
Client Money
Administration of
funds on behalf of
E.g. lawyer’s client
accounts
“Agency
banking”
Offer a bank’s
core services to
other FI
Reconciliation
services for AR
Large virtual
account set-up
New
Product
launches
Client Money
Administration of
funds on behalf of
E.g. lawyer’s client
accounts
9. © Tieto Corporation
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Addressing corporate priorities
• Effective cash and liquidity management
Performing cash flow forecasting
• Managing positions and risk
Providing compliance
• Automated processes
• Efficient operations
• Global connectivity
• Allowing centralization
• (Reducing bank charges)
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Source: ACT (Association of Corporate Treasurers) Treasury Survey, 2015
10. © Tieto Corporation
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Corporate Business Challenges
Cost of Cash
• The cost of liquidity has
substantially changed during
the last years
• Driven by the financial crisis
• At the table of the group CFO
Visibility
• Cash is a corporate asset
• Global and transparent
treasury and cash
management setup to handle
financial risks and items
• Access to cash is a huge
challenge for many global
corporates
Ownership of cash
• In most global corporates,
Treasury is the owner of
all cash-related
processes with policies
supporting this obligation
• The operational set-up
many prevent execution of
ownership
Drive for
global efficiency
Move towards
• A centralized model
• Automation
• Real-time information
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11. © Tieto Corporation
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InHouse Banking - why
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Visibility of and Access to cash
Control and optimization
Risk reduction
Organizational efficiency
Better pricing, service and flexibility
from a centralized treasury function
• No banking fees for intra-company transfers
• Domestications' - Reduce banking fees from foreign
exchange and cross-border payment transactions
• Efficient pooling of cash and credit balances enables
higher return on investment through aggregation of
funds
• Loans can be provided to subsidiaries with a short
term cash deficit
13. © Tieto Corporation
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• Governance
• Ownership of cash
related processes
• Risk
• Centralization of
bank operations
• Global / Regional
Service Centre
• STP
• e2e Automation
• Self Service
• Autonomy
• Legacy heritage
• Cash pool
arrangements
• Market standards
and formats
• Virtualization
Structural requirements for IHB
Technology &
infrastructure
Operational
Set-up
Bank
harmonization
Policies
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14. © Tieto Corporation
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• Balances
• Positions
• Short term forecast
• Long term forecast
• Lending &
Investments
• Trading platform
• Financial instruments
• Risk management
• Reporting
• Services in the
name of
• Transaction
processing
• Statement
processing
• Bulking/
DeBulking – format
management
• Connectivity
• Services on
behalf of
• ICO (gross
settlement)
• Domestications
• Interest, credit
lines/loans/tax
• Statement generation
• Sub Ledger
• Loan management
• Account and product
definitions
Required Features / Services
Payment &
Collection
factory
Treasury In House
Bank
Cash
Management
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16. © Tieto Corporation
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Should you consider IHB set-up?
What’s your vision?
What’s your current operational structure?
Can you get/afford the required services from your bank(s)?
Organizational willingness / ability to change?
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17. © Tieto Corporation
Public
Who can benefit from IHB models?
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• Local operations around
the world
• Number of legal entities
• Multitude of currencies
• Number of local bank
relationships accounts
• Proprietary arrangements
External factors
• Visibility and access to cash
• Treasury risk and FX exposure
• Decentralized set-up
• Organizational efficiency
• Direct and indirect cost elements
• Type of operations
Operational factors
18. © Tieto Corporation
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Tieto’s Value Proposition
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• Access to cash
• Automation & STP
• Flexible Banking
structure
• Control
Objectives
• 3rd generation
solution
• e2e design
• Cloud / On
Premise
Solution
• Services approach
• Open standards
• Adaptable to future
requirements
Implementation
19. © Tieto Corporation
Public
The Times They Are a-Changin`
21
Cash
From
Instrument
To
Asset
Treasurer
From
Back-Office
To
Board
Treasury
From
Admin
To
Strategic
Banking (IHB)
