EY Treasury Management Systems Overview PDF
EY Treasury Management Systems Overview PDF
EY Treasury Management Systems Overview PDF
management
systems
overview
2 | Treasury management systems overview
Contents
Introduction .......................................................................................................................5
Vendor profiles............................................................................................................... 21
Company
development
and growth
Seamless IT
New regulations
interfaces
Requirements
Straight-through on treasury Changing
accounting
processing (STP) technology landscape
are evolving
In-house bank
Increased external
and payment
connectivity
factory
Increased
pressure to
cut costs
Others 10%
Robo-advisors 5%
Communication 5%
Authentication services 6%
Blockchain 17%
• Payments: focus has been on contactless payments, adding features to mobile applications,
peer-to-peer transfers and foreign exchange (FX) tools.
• Big data: banks have been investing in analytics to improve efficiency and provide additional value
to customers.
• Blockchain: various collaborations have been launched to explore the use of distributed ledger
technology in areas like payments, trade finance, storage, digital identity, voting and trading.
Customization
Customization and configuration are often used interchangeably, but there is a difference with
significant consequences:
• Customization is a modification of the software that requires change in the code structure, such as
database table change or API development, which typically requires some form of implementation.
• Configuration is where available switches within the system are used to change behavior or
processing features.
The implementation of a new TMS is often a tradeoff between the benefits of additional functionality
and the associated extra costs. Increased functionality, flexibility with products and interfaces
with other systems goes along with higher complexity of the software product and a higher cost of
internal knowledge and maintenance. Higher-end options covering the full spectrum of treasury
requirements and instruments, along with complex interfaces and reporting require a great deal of
effort from the start of implementations to “go live.”
3. High-end systems
These systems are geared towards large Fortune 100 corporates and financial institutions with
very complex treasury operations. They offer similar functionality and scalability to mid-market
systems but allow for more customization, are more risk-focused, can handle commodities and
are built to handle higher transaction volumes. ERP systems can fall in to this category and
typically provide broad functionality for managing debt, investments and risk management.
Because they are much more customizable, these systems are usually not deployed in as SaaS
option. They are ideal for corporates who are looking for a complex offer that integrates well with
ERP initiatives or are looking for best-in-breed systems.
Vendor consolidation, new players in the market, client simplification and standardization have
caused an overall expansion of the mid-market reach of clients using these systems where they
would have traditionally been covered by entry level or high-end options, respectively. Traditionally,
mid-market systems have offered similar functionality to high-end options with constraints around
volume and complexity. However, the evolution of SaaS-based products to offer higher computing
power have provided cost effectiveness and a compelling business case for companies to look
internally and simplify business requirements to take advantage of mid-market systems. In addition,
the attractive price point and scalability has also allowed companies with aggressive growth
projections to implement a system sufficient for current requirements, with the flexibility to expand
either functional use or regional footprint. This allows for deployment of a system that is sustainable
for current and future needs and building a meaningful partnership for an increasingly strategic
function within the organization.
SaaS
There is a clear market trend for TMS vendors to provide their products in the cloud. This trend
allows treasury to become more independent from the IT function that is needed to support
traditionally hosted systems. Some of the newer vendors in the TMS market focus solely on SaaS-
based offers. Mature vendors with single-tenant systems have also increasingly started to offer
their products in a private or public cloud environment with dedicated or shared infrastructure. This
helps to diminish reliance on IT, while still using technology not designed to operate in a multi-tenant
environment. In this case, organizations reap the benefits of having a system that they are able to
customize and control more effectively, but will still need to upgrade periodically to remain current.
Vendor demonstrations
After you have established an understanding of the capabilities of the different vendors, it will be
important to get a demonstration that gives you insight into the look and feel of the system. We
recommend to develop a detailed script and scoring methodology for these demonstrations, which
can help you keep the demonstrations on track and enable you to evaluate the vendors and the
product as objectively as possible. A well-defined evaluation and scoring methodology adds discipline
to the selection process.
Vendor selection
On the basis of the information received and the weightings of the critical requirements of the RFP
and the demonstrations and workshops, we can support the development of a ranking with vendors
that match your requirements best. On the basis of this ranking and your organization’s preferences,
your project team can make a final decision. Documenting the selection process and the decision-
making can be very important as it can provide the necessary input should the final decision-making
be re-evaluated at a later date.
Treasury department
The role of the treasury department will be to define the scope and the desired end-state. The
implementation effort of a TMS will vary from several hundreds of hours up to more than a
thousand hours, depending on the complexity of the treasury organization and the scope of the
implementation. On the basis of the responses collected for this TMS guide, most vendors agree that
the client effort required is significant. When estimating the level of internal resource time required
to support an implementation, client effort is often a multiple of the time estimate. Most treasury
departments lack the resources and specific TMS knowledge to implement a new system on time and
on budget without external support. As a result, we often see that the efforts from the TMS vendor
and an implementation advisor are more than welcome for a smooth and timely implementation of a
new TMS.
Success factors
Our experience demonstrates that success of a TMS implementation project is highly dependent on
the following:
• Detailed business process design: end-to-end detailed design of treasury processes based on
overall business objectives, long-term strategy for the treasury function and proven industry
practices prior to starting the configuration of a TMS to avoid re-work
• Cross-functional participation: involvement of upstream and downstream process owners in the
design and recommendation process in order to reduce dependency risk and provide better data
for consumption and analysis
• Well-thought-out TMS configuration: striking a balance between meeting current and anticipated
business requirements, and creating sufficient flexibility to address future business needs
• Effective project management: a comprehensive project management approach that takes a
holistic view of the TMS implementation and addresses resource planning, process design, system
implementation and interaction with other groups outside of treasury at every stage
• Treasury ownership: treasury should have a sense of ownership over the enabling technology and
annually evaluate functional use and external needs
3V Finance .......................................................................... 22
BELLIN GmbH ..................................................................... 24
Calypso Technology ............................................................. 26
COPS GmbH ........................................................................ 28
Exalog ................................................................................. 30
Financial Sciences Corporation (FSC)..................................... 32
Fidelity Information Services, LLC (FIS) — Integrity ................. 34
Fidelity Information Services, LLC (FIS) — Quantum ................. 36
GTreasury............................................................................. 38
Hanse Orga .......................................................................... 42
ION Group — CityFinancials.....................................................44
ION Group — IT2..................................................................... 46
ION Group — OpenLink ...........................................................48
ION Group — Reval................................................................. 50
ION Group — Treasura............................................................ 52
ION Group — Wallstreet Suite.................................................. 54
Kyriba Corp. ......................................................................... 56
MCC Soft .............................................................................. 58
Misys ................................................................................... 60
Orbit Treasury Solutions, Inc. ................................................ 64
PITECO S.p.A. ...................................................................... 66
Salmon Software Limited ...................................................... 68
SAP SE ................................................................................ 70
softcash ag .......................................................................... 72
Treasury Curve .................................................................... 74
Treasury Services ................................................................ 76
TreasuryXpress, Inc. ............................................................ 78
TRINITY Management Systems GmbH ................................... 80
Visual Risk ........................................................................... 82
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
TITAN 2007 as a specialized • X
Change interface middleware • English
Treasury & Risk • S
MTP messaging • French
management system • S WIFT confirmations • Spanish (under investigation)
for corporates, but 3V • S WIFT reconciliation
FINANCE was building • E MIR declarations to Trade repositories
derivative pricing tools • A SP hosting & back up
for VIEL brokers since • M arket data.
1987.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
tm5 The first BELLIN • Hosting service, SWIFT connectivity • English
treasury management • Treasury as a Service (TaaS) • German
system was launched • EMIR (reporting and connectivity to RegisTR)
in 1999. • Matching Service (Deal confirmation
matching)
What is your development strategy BELLIN develops in-house with dedicated Development and Strategies & Research
(e.g., in-house vs. outsourced)? departments.
Can you describe your release policy and BELLIN provides new functionality of tm5 with one to two patch days a year. This
frequency? is included in the maintenance fee but optional. BELLIN supports all versions of
its products.
How many releases are scheduled per Upgrades are released on one to two patch days a year. Minor bug fixes do not
year? Please distinguish between major require a new release, they are patched on a daily basis.
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to A patch day upgrade typically only takes a few hours. Upgrades are scheduled, giving
upgrade? customers the opportunity to upgrade when it suits their business needs.
Please provide a list of functionality tm5 has a modular setup; the different components provide functionality for cash
delivered as part of the core solution. management, payment factory, real-time financial status, liquidity planning, contract
management, IC dealing platform, valuation, risk management, IC reconciliation,
netting, and receivables management.
Please specify whether your system requires tm5 is a pure web application and operates on Microsoft SQL and IIS. No other
either internal or external middleware for middleware is needed. All interfaces for import or export of files to any other 3rd
integration (file manipulation into a readable party applications are subject to international standards.
system format).
Please list the supported third party report In addition to the integrated reporting options in tm5 and individual dashboards
writers. offered by BELLIN, PwC offers “Treasury Analytics”, a separate tool based on tm5
combined with other data sources.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Calypso 1998 Calypso provides a range of non-core value • English
added services, including: • French
• Hosting services/SaaS • Spanish
• Software management (Deployment, testing) • Other — we have a number
• Security and audit of non-English speaking
• Infrastructure monitoring support analysts who can take
• Configuration and setup phone calls in their native
• Testing language (from around the
world), however we require all
written support tickets to be
in English.
What is your development strategy (e.g., In house. Over 50% of our staff is dedicated to product R&D.
in-house vs. outsourced)?
Can you describe your release policy and Major release: Minor release:
frequency? Size: ~15,000 man/days Size: ~5,000 man/days
Frequency: 18–30 months Frequency: 6–8 months
Functional & Architectural Changes Only Functional Changes
Artifact: Installer Artifact: Installer
How many releases are scheduled per Enhancements come from a variety of sources. Regulatory changes are of course
year? Please distinguish between major critical drivers, as are client requests. We also monitor developments in the
(functionality) and minor releases. Do all market to come up with innovations that will benefit our users. Prioritizing specific
(minor) bug fixes require a new release? enhancements is done by analyzing the queue of requests and determining the
maximum ROI for our clients. Fixes can be delivered as hotfixes or as minor releases.
On average how long does it take to Six to nine months.
upgrade?
Please provide a list of functionality • Trade capture • Banking book integration and risk
delivered as part of the core solution. • Pricing management
• Profit and loss (P&L) • Back office postings
• Credit limits • Trade life cycle and settlement
• Market risk • Corporate actions
• Treasury ladder • Trade matching
• Treasury position limits • Nostro management
• Behavioral scenario modeling • Accounting
• Hedge accounting
Please specify whether your system requires Calypso provides standard JMS bus out-of-the-box for data and event communication
either internal or external middleware for between Calypso components. Calypso also supports integration with middleware
integration (file manipulation into a readable such as MQ, JMS, TIBCO etc. for external integration.
system format).
Please list the supported third party report Calypso provides reporting framework out-of-the-box that can be integrated with
writers. external tools such as crystal reports, business objects etc. using Calypso’s open
java API.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
corima.cfs 2004 (first customer The company COPS is partner of SWIFT and • English
launch of the COPS TMS- Axway (Middleware). • Czech
solution) • Danish
• German
• Slovak
What is your development strategy (e.g., The standard offer is an in-house-solution. Furthermore corima.cfs can be operated
in-house vs. outsourced)? on outsourcing-basis (= ext. data center) just as IT-outsourcing, but also as full
outsourcing (= technical and IT-support is done by COPS).
Can you describe your release policy and • COPS provides two major releases of corima.cfs each year. Two additional updates
frequency? are provided between the major releases. It is not necessary to install every major
release or even every update.
• Each package, no matter if major release or update comes with detailed release-
notes, describing the changes and how to deal with it.
• Each package comes with detailed installation instructions and an updated
user manual.
How many releases are scheduled per COPS provides two major releases of corima.cfs each year. Two additional updates
year? Please distinguish between major (minor release) are provided between the major releases. Bug fixes (hot fixes) are
(functionality) and minor releases. Do all handled on-demand and based on major releases as well as updates. Bug fixes do not
(minor) bug fixes require a new release? require a change of release.
On average how long does it take to Between two weeks and three months, including migration and test-processes
upgrade? (depending on the customer-interfaces and the used modules/functionality)
Please provide a list of functionality corima.cfs is based on the following • Risk management
delivered as part of the core solution. module areas: • Financial assets management (asset
• Cash management management)
• Transaction management (front- and • Accounting
back office) based on an underlying standardized
• Financial status/liquidity planning master data management
Please specify whether your system requires corima.cfs has a standard import and export interface incl. associated mapping tools,
either internal or external middleware for with which data in several formats (.txt, .csv, .xml etc.) can be imported or exported.
integration (file manipulation into a readable For more specific technical connections, the involvement of an additional external
system format). middleware may be required.
Please list the supported third party report We have experience with various report software products like Crystal Reports
writers. (embedded), SSRS (embedded), Business Objects etc.
Our TMS provides a disclosed and well-documented database, which might be
accessed by any third party report software that is capable of accessing to the
database.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Allmybanks 2008 • SWIFT L2BA platform (Alliance Lite2 for • English
Business Application) • French
• ISO 20022 convertor • German
• Italian
• Mandarin
• Spanish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
ATOM Treasury 1995 In addition to ATOM Treasury and Risk, • English
Management FSC offers solutions for commercial loan • Cantonese
System syndications, and China specific treasury • Danish
services. • Gujarati
• Mandarin
• Portuguese
• Spanish
• Turkish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Integrity Integrity was first Yes, we have institutionalized a “managed English, Arabic, Cantonese,
installed and fully service” function, which provides a layer of Czech, Danish, Dutch,
implemented in 1997. services on top of our traditional services French, German, Gujarati,
and software offerings. These managed Italian, Mandarin, Polish,
services include private and public cloud Portuguese,Russian, Slovak,
hosting, managed bank connectivity, interface Spanish, Swedish, Ukrainian,
management, and reporting. and others.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Quantum 1995 Yes, we have institutionalized a “managed English, Arabic, Cantonese,
service” function, which provides a layer of Czech, Danish, Dutch,
services on top of our traditional services French, German, Gujarati,
and software offerings. These managed Italian, Mandarin, Polish,
services include private and public cloud Portuguese,Russian, Slovak,
hosting, managed bank connectivity, interface Spanish, Swedish, Ukrainian,
management, and reporting. and others.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
GTreasury Install Model — 1986 GTreasury provides a broad range of additional • English
SaaS/Hosted — 2000 treasury centered products and services, • French
including custom training, report writing, • Coming soon - Spanish
interface design, and template/model creation.
The following is a list of additional products
and services offered :
• Reports or dashboards not included in the
standard offering
• Bank reporting or funds transfer
communications or interfaces
• Back office interfaces
• Test environments
• Production environments
What is your development strategy Since the beginning, GTreasury has focused solely on the treasury management
(e.g., in-house vs. outsourced)? industry and each year; it invests 50% of revenue into new product development.
GTreasury remains dedicated to leveraging the latest and most significant
technologies as well as integrating client feedback when appropriate. All development
is done in-house.
The strategy for product development diversification is looking at the current product
and seeing what features can be enhanced and what development is needed to
increase market share in new regions. GTreasury evaluates and prioritizes the new
projects for the product road-map based on the following criteria:
Strategic Initiative: Determines if the project is for innovation purposes or
operational efficiency.
Product Initiative: Determines if the project will create a competitive advantage,
increased market share, adhere to new compli-ance requirements, or directly
provides enhanced functionality.
Return on Investment: Evaluates the efficiency of the project
Customer Value & Priority: Evaluate based on client feedback
GTreasury works very closely with our clients and uses their feedback to refine and
optimize future product releases, in turn adding more value to our existing product.
As GTreasury continues its expansion to a global market, it is meaningful to those
clients that we can support a multitude of languages as well as be responsive to
the ever-changing advances in technology, multi-factor security, and auditing
requirements.
Can you describe your release policy and GTreasury develops software under the Agile Development methodology, using a six-
frequency? week development cycle for inter-im updates. In accordance with our Agile process,
every development cycle includes a mixture of system fixes and enhancements.
Enhancements are based on input from many sources, including clients. SaaS
application updates and releases are applied automatically at the server level.
Clients are notified about ten days in advance via email of the upcoming release
date with a copy of the release notes. GTreasury hosts a webinar the day before the
release to show users the system changes and enhancements and documentation
on the release contents are published in the GTreasury Community. The GTreasury
Community also provides product training, support, and a venue for leaving
product feedback. These updates are scheduled to occur on weekends to avoid
any interruption of service, and the update process typically takes two (2) hours or
less. For the Client Hosted version of our application, users are highly encouraged
to install updates when available to ensure they receive the proper level of support
and functionality. Many support issues are corrected by installing updates; failure to
establish a patch may result in unresolved issues. Another consideration is that non-
installation of any patch makes it impossible to install subsequent patches. To ensure
the best customer experience, clients are advised to apply all update patches as they
become available.
How many releases are sched-uled per GTreasury is an Agile shop and releases a new version every six (6) weeks. Each
year? Please distin-guish between major release is a mixture of system fixes and enhance-ments.
(functionality) and minor re-leases. Do all Hotfixes are prioritized based on criticality and user impact. They are released as
(minor) bug fixes require a new release? soon as they are approved for deployment.
On average how long does it take to Updates are scheduled to occur on weekends to avoid any interruption of service, and
upgrade? the update process typically takes two (2) hours or less.
Please provide a list of func-tionality Focusing on capital management needs, GTreasury provides a centralized solution
delivered as part of the core solution. for liquidity management, including manage-ment of cash holdings, transfers,
automation, banking, forecasting, reporting, and many other treasury features.
Core features include:
• W
orkspace Dashboards and Reporting
• C ash Management
• S etup
• S ecurity
Optional modular add-ons include:
• Financial Instruments
• Funds Transfers
• Accounting
• B ank Account Management
Rather than a “one size fits all” approach, tailoring software is our approach to
meeting unique treasury needs. As your organiza-tions grow and develop, we will be
able to adapt to all your treasury needs.
Please specify whether your system requires The application interfaces are predominantly HTTP web services and file-based
either internal or external middleware for import/export extracts. Files can be transformed to/from basic formats including
integration (file manipulation into a readable CSV etc. Once user establish processes and business requirements, the appropriate
system for-mat). method of integration is then selected.
The GTreasury application does not utilize middleware.
Please list the supported third– party report GTreasury provides an integrated 3rd-party report writer called Izenda. This tool
writers. is robust, flexible, and easy to use. GTreasury system users can create a full list of
reports, charts, graphs, and dashboards at no additional charge.
Additionally, clients using the installed version of the application may create their
own reports using any report writer capable of accessing an ODBC data source.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
FS² (Product 1984. The individual Hanse Orga offers a comprehensive consulting • English
Family consisting of modules being bundled approach aligned with software solution • Cantonese
multiple modules in the current Treasury addressing needs of SAP-customers but also • French
and adding value Management System other ERP environments. Hanse Orga is a true • German
throughout the have been developed in global vendor serving many multinational • Spanish
entire financial SAP since 2000. corporates with very scalable and flexible
supply chain). solutions accommodating regional and legal
requirements across all regions.
What is your development strategy (e.g., Hanse Orga develops all functionalities in-house in a central location in Germany.
in-house vs. outsourced)?
Can you describe your release policy and New releases are launched once a year, customers do not necessarily have to
frequency? upgrade.
How many releases are scheduled per One big release per year, minor customer-specific requirements and bug fixes don’t
year? Please distinguish between major require new releases but are included in individual patches.
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to An upgrade incl. testing can be realized in between 1 and 3 days, due to SAP
upgrade? integration the IT team is involved to a low extent.
Please provide a list of functionality See FS² product overview for the SAP-based solutions.
delivered as part of the core solution.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
City Financials 2001 • T-Arc: a comprehensive data modeling, • English
reporting and analytics solution
• Treasury Anywhere: a device agnostic
treasury application allowing teams to
access information from their ION TMS at
any time, using any device they have on
hand — mobile, tablet, laptop, PC
• iBAM: ION Bank Account Management, a
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation and reporting
What is your development strategy (e.g., in-house vs. outsourced)? 100% in-house
Can you describe your release policy and frequency? Releases are scheduled quarterly. Major product
versions are released every 12–15 months.
How many releases are scheduled per year? Please distinguish between City Financials releases optional updates quarterly
major (functionality) and minor releases. Do all (minor) bug fixes require a that roll up into a major release every 12–15 months.
new release? Patches are deployed quarterly.
On average how long does it take to upgrade? Upgrades are run on an individual basis, scheduled
along with each client to minimize disruptions.
Typically, upgrades take place outside of core
business hours.
Please provide a list of functionality delivered as part of the core solution. Please refer to our website for additional details
about the functionality of our solution.
Please specify whether your system requires either internal or external N/A
middleware for integration (file manipulation into a readable system format).
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
IT2 1992 • T-Arc: a comprehensive data modeling, • English
reporting and analytics solution • Dutch
• Treasury Anywhere: a device agnostic
treasury application allowing teams to
access information from their ION TMS at
any time, using any device they have on
hand — mobile, tablet, laptop, PC
• iBAM: ION Bank Account Management, a
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation and reporting
What is your development strategy (e.g., in-house vs. outsourced)? 100% in-house
Can you describe your release policy and frequency? Releases are scheduled quarterly through the year.
How many releases are scheduled per year? Please distinguish between One major release and 4–5 quarterly feature packs.
major (functionality) and minor releases. Do all (minor) bug fixes require a Minor bug fixes are released as service packs and
new release? issued to individual customers as required.
On average how long does it take to upgrade? A typical upgrade project runs for approximately
six weeks, from kick-off through to go-live on the
upgraded version.
Please provide a list of functionality delivered as part of the core solution. Please refer to our website for additional details
about the functionality of our solution.
Please specify whether your system requires either internal or external N/A
middleware for integration (file manipulation into a readable system format).
Please list the supported third party report writers. N/A
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Openlink 1994 • Cloud hosting options • English
• Risk as a Service • German
• iBAM: ION Bank Account Management, a • Spanish
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation, reporting
Can you describe your release policy and frequency? Major releases are approximately every 12–18
months. Interim maintenance releases are scheduled
on a periodic basis based on the age of the release.
How many releases are scheduled per year? Please distinguish between One major release every 12–18 months and
major (functionality) and minor releases. Do all (minor) bug fixes require a semi-annual minor releases.
new release?
On average how long does it take to upgrade? Upgrade times depend on the complexity of the client,
amount of users, and new features being utilized.
Please provide a list of functionality delivered as part of the core solution. Please refer to our website for additional details
about the functionality of our solution.
Please specify whether your system requires either internal or external N/A
middleware for integration (file manipulation into a readable system format).
Please list the supported third party report writers. N/A
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Reval 2001 • T-Arc: a comprehensive data modeling, • English
reporting and analytics solution • German
• Treasury Anywhere: a device agnostic • Japanese (partial)
treasury application allowing teams to
access information from their ION TMS at
any time, using any device they have on
hand — mobile, tablet, laptop, PC
• iBAM: ION Bank Account Management, a
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation and reporting
Can you describe your release policy and frequency? Releases are scheduled on a semi-annual basis.
Reval also conducts ten maintenance updates on an
annual basis.
How many releases are scheduled per year? Please distinguish between Two major releases and ten minor releases
major (functionality) and minor releases. Do all (minor) bug fixes require a
new release?
On average how long does it take to upgrade? Upgrades are applied over a weekend and are ready
for customers by Sunday afternoon.
Please provide a list of functionality delivered as part of the core solution. Please refer to our website for additional details
about the functionality of our solution.
Please specify whether your system requires either internal or external N/A
middleware for integration (file manipulation into a readable system format).
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Treasura 2004 • T-Arc: a comprehensive data modeling, • English
reporting and analytics solution
• Treasury Anywhere: a device agnostic
treasury application allowing teams to
access information from their ION TMS at
any time, using any device they have on
hand — mobile, tablet, laptop, PC
• iBAM: ION Bank Account Management, a
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation and reporting
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Wallstreet Suite 1994 • T-Arc: a comprehensive data modeling, • English
reporting and analytics solution • Dutch
• Treasury Anywhere: a device agnostic
treasury application allowing teams to
access information from their ION TMS at
any time, using any device they have on
hand — mobile, tablet, laptop, PC
• iBAM: ION Bank Account Management, a
tool that centralizes accounts, approvers,
signatories and documentation; automating
the management of bank account workflow,
document generation and reporting
In five bullets or less, please provide a brief description of your product. Wallstreet Suite is an enterprise Treasury and Risk
Management solution designed for the world’s
largest and most complex organizations. It is a highly
configurable and scalable solution, offering
multi-entity support and real-time information across
all asset classes. It also provides advanced analytics
for business decision-making and key performance
measurement. Wallstreet Suite professional services
partners with corporate IT and business teams to
improve and optimize global treasury operations.
In 100 words or less, please describe your implementation approach and N/A
methodology (e.g., project phases, train the trainer, turnkey)?
What is the current version of your system, and what year was it released? Our latest version 7.4.60 was released in March 2018.
What is your development strategy (e.g., in-house vs. outsourced)? 100% in-house
Can you describe your release policy and frequency? Releases are scheduled on a quarter to annual basis.
Maintenance updates are scheduled periodically
throughout the year.
How many releases are scheduled per year? Please distinguish between 2–4 major releases and periodic minor releases
major (functionality) and minor releases. Do all (minor) bug fixes require a
new release?
On average how long does it take to upgrade? Upgrade times depend on the complexity of the client,
amount of users, and new features being utilized.
Please provide a list of functionality delivered as part of the core solution. Please refer to our website for additional details
about the functionality of our solution.
Please specify whether your system requires either internal or external N/A
middleware for integration (file manipulation into a readable system format).
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Kyriba 2004 Kyriba also operates a full connectivity service • English
bureau. • Cantonese
• French
• Japanese
• Mandarin
• Spanish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Diapason 2010 MCC can provide “Private Cloud” • English
infrastructure (aka ASP) • French
• Mandarin
What is your development strategy (e.g., Thanks to its experienced team, Diapason is fully developed and controlled by MCC.
in-house vs. outsourced)?
Can you describe your release policy and One major version a year. Two major versions supported.
frequency?
How many releases are scheduled per Major versions are released once a year. Minor versions contain bug fixes and minor
year? Please distinguish between major enhancement. Minor versions are released every quarter. It is not necessary to install
(functionality) and minor releases. Do all every minor version. Depending on bug severity, it is not required to install a release
(minor) bug fixes require a new release? to get a bug fix, but it is still the preferred method.
On average how long does it take to It ranges from 1 to 10 weeks depending on the implementation scope.
upgrade?
Please provide a list of functionality • Cash Management • Limit Management
delivered as part of the core solution. • Liquidity Planning • Trade Finance
• Multilateral Netting • Collateral Management
• Forex • T3XX Reconciliation
• Forex Option • Emir
• Interests Rates • Multi-norm Accounting
• Commodities/Energy • Accounting Reconciliation
• Loans & Deposits • Market Data & FXAll or 360T
• Equity Connectors
• Bond Issue • Payment Factory
• Risk Management • Bank Account Management
Please specify whether your system requires Thanks to its DataBridge module, Diapason can easily integrate within its environment.
either internal or external middleware for DataBridge includes ETL (mapping, transformation, native support for CSV, XML, flat
integration (file manipulation into a readable file) and connectivity features (sFTPs, FxAll, 360T, EBICs, Swift, JMS).
system format).
Please list the supported third party report Birt
writers.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
FusionCorporate Misys is at the forefront of the financial • English
KTP software industry, providing the broadest • French
portfolio of banking, capital markets,
investment management and risk
management solutions available on the
market. Our team of domain experts,
combined with our partner eco-system, has
an unparalleled ability to address industry
requirements at both a global and local level.
We connect systems, collect data and create
intelligent information to drive smarter
business decisions.
Our solutions are available through a
traditional “on-premise” model, as well as
via hosted alternatives including, but not
limited to, managed, managed-hosted, and
subscription.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Orbit 1999 Orbit hosts the backend. English
What is your development strategy (e.g., Orbit primarily relies on our in-house development resources.
in-house vs. outsourced)?
Can you describe your release policy and Orbit is unique in that we are a blended SaaS solution. As new functionality is
frequency? developed this is communicated to the base along with release notes. Clients can
opt in or out of the new functionality based on their needs. At present there is no
need for a formal policy related to new version release dates. The latest release
incorporates the new UI and innovative interactive dashboards. We will continue to
add features to this version as determined by the base.
How many releases are scheduled per Due to our unique blended solution, we do not follow a defined release schedule.
year? Please distinguish between major Clients are not obligated to participate in any release unless they are to address a
(functionality) and minor releases. Do all regulatory issue or fix is to address a noted problem.
(minor) bug fixes require a new release?
On average how long does it take to Varies significantly, from a day or two to weeks or months depending on the
upgrade? enhancements.
Please provide a list of functionality Orbit includes robust TMS functionality. Our cash module includes automated bank
delivered as part of the core solution. polling, transaction reconciliation and accounting, forecasting, cash positioning and
payments. Orbit’s FX module is an end-to-end solution, beginning with FX exposure
forecasting and ends with our highly automated settlements tool. BAM enables clients
to manage all bank data, track signatory change workflow and produce management
reports (including FBAR). We also have a robust investment and debt module.
Please specify whether your system requires Orbit is fully self-contained and provides all the software required.
either internal or external middleware for
integration (file manipulation into a readable
system format).
Please list the supported third party report Jasper reports
writers.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Piteco Evolution 1980 N/A • English
• Italian
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Salmon Treasurer 1985 N/A • English
• Cantonese
• Dutch
• French
• German
• Greek
• Hindi
• Mandarin
• Slovak
• Spanish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
SAP Treasury and The first version of SAP Treasury and Risk Management is Usually we support our
Risk Management the system including part of the SAP ERP solution portfolio and customers in their local
(including SAP basic functionalities can be activated once licensed. In order to languages but this depends on
Cash Management in the area of Cash deploy the Treasury solution some platform the relevant customer contract.
powered by HANA, Management is more capabilities need to be activated as well (e.g., Very high priority tickets are
SAP Treasury and than 25 years old. SAP HANA platform, SAP Netweaver Process supported in English only.
Financial Risk Further capabilities in Orchestration). The technical infrastructure
Management as the area of Treasury can have various deployment options, either
well as SAP In- and Risk Management on premise, private cloud and in parts even in
house-Cash) have been introduced public cloud.
in the 1990s, in-house-
bank capabilities were
added in 2004 and
finally electronic bank
communication was
launched in 2007.
What is your development strategy (e.g., Usually SAP software is developed out of SAP Labs, where applicable partnerships
in-house vs. outsourced)? are being established in order to complement our solution and service offerings.
Can you describe your release policy and On premise it is currently planned to have yearly releases with semi-annual feature-
frequency? packs (updates). In the Cloud we plan to have quarterly update releases.
How many releases are scheduled per On premise it is currently planned to have yearly releases with semi-annual feature-
year? Please distinguish between major packs (updates). In the Cloud we plan to have quarterly update releases.
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to Can’t be specified.
upgrade?
Please provide a list of functionality • Payment Operations, Workflow and Signatures, Monitoring and Status Tracking,
delivered as part of the core solution. Payment Factory/In-house-Banking, Bank and SWIFT connectivity
• Electronic Bank Statements, Cash Position and Analysis, Liquidity Management,
Bank Account Management
• Deal Capture, Risk Controlling, Correspondence & Settlement, Accounting
• Risk Identification, Risk Quantification, Risk Analysis, Risk Management & Hedge
Accounting
Please specify whether your system requires In order to establish bank connectivity or to automatically import market data, the
either internal or external middleware for system would require SAP NetWeaver PI/PO as Middleware, for integration into SAP
integration (file manipulation into a readable Accounting no additional middleware would be required.
system format).
Please list the supported third party report There are different tools to be used like Lumira, Design Studio, and others.
writers.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
magnet Web-based: 2006 • A/R Match Interface • English
• General ledger Interface • German
• Netting module
What is your development strategy (e.g., In general in-house, if needed project work is outsourced.
in-house vs. outsourced)?
Can you describe your release policy and Major releases with software improvements occur every quarter. Minor updates with
frequency? corrections occur about every three to four weeks.
How many releases are scheduled per Major releases with software improvements occur every quarter. Minor updates with
year? Please distinguish between major corrections occur about every three to four weeks.
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to Installation takes about one hour.
upgrade?
Please provide a list of functionality The Treasury module has the following functionalities:
delivered as part of the core solution. • Cash management
• Liquidity management
• FX module (incl. interface to 360T)
• Money Market (incl. interface 360T)
• Loan module
• Interest rate derivatives
• General ledger interface
• Accounts receivable (incl. reconciliation)
• Netting module
• Liquidity planning
Please specify whether your system requires No, not needed
either internal or external middleware for
integration (file manipulation into a readable
system format).
Please list the supported third party report N/A
writers.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Cash Management 2006 Unlike typical TMS products on the market, • English
App and Treasury Curve is 100% focused on treasury • Hindi
Investment App and treasury related business lines like cash
management and investments.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
TreasuryMetrics 2010 • Treasury training & Education • English
• Financial Engineering Library • Dutch
• Treasury Consulting Services • French
• German
• Spanish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
C2Treasury and 2008 • TreasuryXpress Lab: Forecast+ • English
C2Treasury_Lite • Additional Lab Products coming soon: • Arabic
Wallet+, Portfolio+ • French
• Portuguese
• Spanish
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
TRINITY TMS 1998 Hosting Service • English
• Czech
• Dutch
• German
• Polish
• Russian
• Swedish
• Ukrainian
In 100 words or less, please describe your TRINITY follows a standard implementation plan with defined milestones. A standard
implementation approach and methodology implementation takes about 15 man days. This includes support services like
(e.g., project phases, train the trainer, installation, training, support in setting up standard interfaces, implementation of a
turnkey)? cash low forecast module etc.).
What is the current version of your system, Version: 5.3.2.8; Year: release: 2016.
and what year was it released?
What is your development strategy (e.g., TRINITY offers both strategies: usage in the cloud and on premise.
in-house vs. outsourced)?
Can you describe your release policy and TRINITY offers for on premise clients: one new release/year and for the cloud
frequency? version: four new releases per year.
How many releases are scheduled per TRINITY delivers between two and four releases per year. This does not include
year? Please distinguish between major patches for bug fixing.
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to 0.5 days
upgrade?
Please provide a list of functionality • Cash management
delivered as part of the core solution. • Cash flow forecast
• Financial deal management
• FX-/Interest risk management
• Payment factory
• Trade finance
• Netting
• CFO reporting
Please specify whether your system requires N/A
either internal or external middleware for
integration (file manipulation into a readable
system format).
Please list the supported third party report Jaspersoft
writers.
Company information
System information
System name Year the first version Non-core (TMS) value added products Languages of support
(product) of system launched and services (e.g., hosting services,
middleware solutions)
Visual Risk 2001 • Hosting services • English
• Market Data • Mandarin
• Hedge Accounting • Visual Risk is architected to
support multiple languages
including double byte
In 100 words or less, please describe your Visual Risk uses an industry standard eight-stage project delivery methodology. This
implementation approach and methodology leverages POC’s in the scoping phase to identify requirements and drive stakeholder
(e.g., project phases, train the trainer, buy-in. Training can be delivered using workshop, one-to-one, train-the-trainer and
turnkey)? remote methods based on customer preference and budget.
What is the current version of your system, Visual Risk 17.0.0, 2017.
and what year was it released?
What is your development strategy (e.g., In-house, this ensures that the product user interface and workflows are
in-house vs. outsourced)? consistent and enhances support. No products are acquired and bolted on to avoid
integration issues.
Can you describe your release policy and Visual Risk makes three releases per year, which are included in the annual
frequency? subscription fee.
How many releases are scheduled per Three major releases per year.
year? Please distinguish between major
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
On average how long does it take to Deployment of releases is very fast, on average two to three weeks if UAT is carried
upgrade? out. This can be carried out based on user discretion.
Please provide a list of functionality Corporates: Financial institutions:
delivered as part of the core solution. • Treasury and Cash Management • Treasury & Cash Management
• Risk Analytics and Reporting • Asset Liability Management
(CFaR, VaR, Stress Testing, What-if) (NII/NIM, NPV, BPS, What-if)
• Hedge Accounting & Compliance • Hedge Accounting & Compliance
(IAS 39, IFRS 9, IFRS 7, IFRS 13) (IAS 39, IFRS 9 IFRS 7, IFRS 13)
• Liquidity Risk Management
(Basel III LCR, MLH)
Please specify whether your system requires Visual Risk uses a built in import/export engine as well as a job scheduling service
either internal or external middleware for to automate integration. For hosted clients, complex integration tasks may also be
integration (file manipulation into a readable configured using our Visual Cron automation services.
system format).
Please list the supported third party report Export possible of all images and data to other windows applications.
writers.
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