solutions summit 2014 introduction to smarttreasury michael uram
TRANSCRIPT
Solutions Summit 2014Solutions Summit 2014Solutions Summit 2014
Introduction to SmartTreasury
Michael Uram
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Agenda
• What is SmartTreasury?
• Creating Value Through Treasury
• Overview of SmartTreasury Features
Chesapeake System Solutions, Inc. • Proprietary and Confidential
What is SmartTreasury?
Treasury management system (TMS) which facilitates more efficient and accurate cash and liquidity management, driving higher investment returns and lower borrowing rates.
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Treasury Organization Structures
Centralized
Decentralized
In-House Bank
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Creating Value Through Treasury
Treasurers Responsibilities• Cash management• Risk management• Funding and credit• Efficiency• Advisory role
Since the onset of the economic crisis that engulfed most of the world beginning in mid-2007, liquidity has become more important than earnings growth to creditors and investors alike. Treasury Mgmt. Intl Issue 179
Liquidity Management
Cash Flow Management
Ensuring the company is able to meet current and future obligations when they come due in as timely, efficient and cost effective manner as possible
“Having the right amount of money, in the right currency, in the right place, at the right time”
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Cash Management Cycle
Bank Reporting
Bank Rec
Cash Positioning
Cash Forecasting
Sweeping & Pooling
Transfers
Netting
In House Banking
Accounting, Reporting, User Security, Audit Trails, Web / Mobile Access
Ensuring companies have the:• Right amount of funds, in the• Right currency, at the• Right time, in the• Right place
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Usage of Tools in Treasury
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Operational to Strategic
Strategic (%5)
Analytical (15%)
Operational (80%)
Strategic (%50)
Analytical (30%)
Operational (20%)
Typical Treasury Department
Best Practice Treasury Department
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Overview of SmartTreasury Features
• Cash and liquidity management
• Cash forecasting
• Centralized funds transfer
• Bank account management
• Multicurrency
• Automated G/L posting from internal and/or external transactions• In-house bank accounts• Internal loans• Bank transactions
• Interfaces to ERP systems to provide more robust A/R or A/P cash forecasting
• Mobile device access
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Cash and Liquidity Management
• Customer definable worksheets
• Estimate and Actual transactions
• Definable time horizons
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Centralized Funds Transfer
• Repetitive and Free format payments• Robust user security and workflow
• Full end to end tracking –Fed reference # storage
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Bank Account Management
• Contact and signatory management• Bank and account management
• Work flow management• Letter generation
Please enjoy the rest ofthe Solutions Summit!Michael Uram [email protected] 443-898-6672