Experts have been predicting for decades that treasuries would automate more of their processes. The big push has yet to occur. But a recent white paper from Wall Street Systems says the heightened concerns about counterparty risk and an increased emphasis on accurate cash-flow forecasting amid the credit crunch could be the final straws that get treasuries off spreadsheets and onto treasury systems.

Until now decisions on whether to purchase treasury systems have been guided by calculations of the likely return on the investment, says Mark Lewis, director of corporate treasury at Wall Street Systems. "Now there is going to be demand irrespective of the ROI because of what's happening in the markets."

Eighty-seven percent of companies now cite counterparty risk as a top treasury concern, according to Wall Street Systems' and consultancy Treasury Strategies' interviews with 46 U.S.-based multinationals. Still, the companies surveyed acknowledge that their efforts to manage counterparty risks primarily rely on manual processes.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.