technology tools for treasury · 2018. 4. 3. · technology tools for treasury. about swift 2...
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Karen Willis – Partner – Elire
Betsy Clark - Senior Cash Manager – Alliance Data
Michael Lewis – Regional Sales Manager - SWIFT
Technology Tools for Treasury
About SWIFT
2
Industry owned, not-for-profit, financial services utility
Co-operativeorganization serving
the financial industry
Provider ofhighly secure
financial messagingservices
Financialstandardization
organization
1 0 , 0 0 0 + C U S T O M E R S S P R E A D O V E R 2 1 2 C O U N T R I E S
O V E R 2 0 M I L L I O N M E S S A G E S / D AY 9 9 . 9 9 9 % AVA I L A B I L I T Y
SWIFT for Corporates
About Alliance Data Systems, Inc.
3
Industry leader in Retail Financial Services
� Publicly traded global provider of loyalty and marketing solutions, such as private label credit cards, loyalty programs and direct marketing
� Marketing services are derived from the capture and analysis of transaction-rich data
� Alliance Data grabbed the #1 spot in this year's Dallas Morning News' Top 100 Places to Work list
� 135 Retail Programs
� S&P 500
�18 year history
About Our Project…
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Global Infrastructure for Future Growth…
� Domestic Bank Reporting, EDI Payments, and Automated Bank Reconciliation
� Deal Management for Bank Facility, Investments, and Conduit with STP Payments
� Global Bank Reporting and ISO20022 STP Payments with SWIFTREF ABA, BIC, IBAN Directories
� Regions--US, Canada, EMEA, APAC (including SEPA)
� Intraday Liquidity via Automated Global Cash Positioning
�75% STP of Bank Reconciliation Items
�STP of Global AP Vendor Pmts & TR Funding Flows in Central Factory
Phase 1
Phase 2
Phase 3
About Elire…
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Industry leader in ERP Treasury Implementations
� Partners with 20 years of experience in the finance and technology
� We guide our clients to Choose Success by implementing, integrating, and upgrading software in the areas of …Treasury/Financial Services, Supply Chain, HCM, andAdvanced Technology
� Provide Strategic Roadmap guidance and design for many clients
�150 clients
� Many in Fortune 100
�10 year history
Treasury ManagementLeading Business Trends
• Increased globalization and risk
• Move toward centralized operations
• Heightened regulation of liquidity
• Newly available cloud technology
Recent study … 95% of spreadsheet models were found to cont ain major errors…and 59 % were judged to be of poor design
Disparate Sources of Information
Phone
Fax
Spreadsheets
Single Source of Truth with TMS Workstation
Cash & Treasury
ARAPGL Payroll POOrders
SingleData
Model
SingleData
Model
Treasury Best PracticesSingle Source of Truth
TMS
ExternalSystems
• BAI2• SWIFT • FILEACT• ISO XML• TWIST
Banks
Proof of Cash Recon
GeneralLedger
AR
AP
Treasury
Payroll
Stmts & Pmts
$$
$$ $$
Treasury Best PracticesSeamless & Timely Reconciliation
BTB Reconciliation
Treasury ManagementProcess Improvement Solutions
Limited Cash Visibility Global Cash Visibility
Country Perspective Centralized Cash Control
No Global System Cloud-based TMS or ERP
Inefficient Banking Standardized BAI-ISO-TWIST
Manual Spreadsheets Centralized TMS Workstation
Manual Payments ISO Straight-thru-Processing
Manual Proof-of-Cash High Performing Auto Recon
SWIFT for Corporates
Technology Trends for CorporatesShared, scalable resources delivered via the Web
Cloud Service OfferingsPrivate, Managed, Hybrid
SWIFT for Corporates Evolution
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PaymentsCash ManagementForeign ExchangeMulti Asset Class
Matching Trade Finance
Supply Chain FinanceRegulatory Requirements
eStatementseBAM
Reference DataGlobal Industry
StandardsImplementation
GuidelinesFast Onboarding
Personal PKI Certificates
User EntitlementsTraceability
Single Sign-on
Payment AssuranceFaster Payments
Pre-shipment FinancePost-shipment Finance
A/R Reconciliation
Trouble-free payments and
SEPA compliance
Identity and mandate
management
Certainty and efficiency in the
supply chain
Secure financial connectivity
SWIFT for Corporates
Treasury EvolutionEnabled by SWIFT for Corporates Cash
Management
Corporate
YOURBIC8
YOURBIC8
YOURBIC8YOURBIC8BIC
SWIFT Network Access
MT and ISO 20022
Cash Statements
Payments
FX..Matching..Trade Finance..eBAM
SWIFT for Corporates
Business area Description Standards Examples
Payments High-value & bulk paymentsMT 101ISO 20022 painEDI820, NACHA
CashManagement
Intraday and end-of-day statementsMT 9xx, BAIISO 20022 camt
Foreignexchange
Deal confirmations MT 3xx
Multi Asset Class Matching
FX/MM, Derivatives, Commodities, SecuritiesMatching on Accord & AffirmationsMT 3xx, MT 5xx, MT 6xx
Trade Finance Letters of Credit, Demand GuaranteesMT 798ISO 20022 tsrv
Supply Chain Finance
� BPO based services (risk mitigation, pre/post-shipment financing, faster payment)
� Approved payables financing (proprietary)
ISO 20022 tsmt on Trade Services UtilityAll file formats
Regulatoryrequirements
Trade reporting, clearing and collateral management (EMIR/Dodd-Frank)
MT 300All file formats
eStatements Electronic end-of-period statements All file formats e.g. PDF
eBAM Account (opening, closing) and mandate management (signatories, user entitlements)
ISO 20022 acmtAll file formats e.g. PDF, …
Secure financial connectivityMultiple Industry Standards across your various business flows*
*Non-exhaustive list of business flows14
SWIFT for Corporates
Corporate Adoption -– Q1’2014
New Corporate groups: 45 (55% vs. Q1 2013)
20%
10%
70%
Americas
Asia Pacific
EMEA
Traffic (FIN 31% FileAct 49% Q1 2014 vs. Q1 2013)
Bank adoption
1,720 banks (BIC8)
offering corporate connectivity
47 banking groups certified
� 573 banks (BIC8)
� 120 countries
Corporate adoption (BIC8)
3SKey: 38 banking groups
BPO: 56 banking groups 42%
FORTUNE Global 500
On SWIFT
SWIFT for Corporates
Per corporate turnover & banking partners
Corporates by annual turnover (USD)
Corporates by number of banking partners
$1-10Bn28%
>$10Bn31%
<$1Bn41%
>20 banks13%
10 to 20 banks21%
5 to 9 banks29%
<5 banks37%
>$10Bn30%
$1-10Bn34%
<$1Bn36%
63% of SWIFT-connected corporates deal with 5 banks or more
64% of SWIFT-connected corporates have a turnover >$1Bn
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Corporate connectivity
SWIFT for Corporates
Questions and Contacts
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Betsy ClarkTitle Senior Cash Manager – Alliance Data
Tel: 214.494.3635
Email: [email protected]
Karen WillisTitle: Partner- ElireTel: 703.431.2965
Email: [email protected]
Michael LewisTitle: Regional Sales Manager - SWIFTTel: 212.455.1840
Email: [email protected]
SWIFT for Corporates