Obtaining Maximum Utilization with your TMS
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The document presents a webinar on maximizing the utilization of Treasury Management Systems (TMS), featuring insights from experts Chad Wekelo and Deidre Lloyd. Key topics include automated bank reporting, global cash visibility, and risk management, alongside the emphasis on the importance of data confidence and streamlined processes. Additional resources and best practices for designing a TMS are provided through a linked eBook.
Obtaining Maximum Utilization with your TMS
- 1. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Obtaining Maximum Utilization with your TMS Presented by Kyriba with Actualize Consulting and Eastman Chemical
- 2. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Today’s Presenters Chad Wekelo Partner, Actualize Consulting Deidre Lloyd, CTP Senior Manager of Global Treasury Operations, Eastman Chemical Company
- 3. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.3 Aspire “Every person is capable and has the desire to move up the hierarchy toward a level of self -actualization. Unfortunately, progress is often disrupted by a failure to meet lower level needs.”
- 4. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.4 Actualization
- 5. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.5 Bank Reporting Global bank reporting hub Automated reporting Proactive monitoring and alerts Fee reduction Partial reporting Daily manual reporting Partially automated Periodic manual reporting
- 6. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.6 Bank Reporting Monitoring
- 7. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.7 Cash Management Global cash visibility Liquidity optimization Reconciliation analytics Single source of the truth Lack of confidence with data Large excess balances Sweeping/pooling structure Minimize float
- 8. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.8 Management Reporting
- 9. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.9 Cash Positioning
- 10. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.10 Forecasting Decision centric forecasting STP of forecasted activity Trend analysis Variance analysis KPIs Annual budgeting Highly manual Periodic Daily
- 11. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.11 Variance Analysis
- 12. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved.12 Cash Accounting Automated rule based accounting Full lifecycle workflow Error resolution handling Automated reconciliations Manual at month -end Manual intra -month Partial automated Automated
- 13. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Bank Account Management Push button FBAR Workflow to avoid stale data Global Authorities & Signer management Incomplete view Decentralized in Excel Centralized, but manual Partially automated
- 14. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Bank Account Management
- 15. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Bank Account Management
- 16. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Payments Payment lifecycle STP Compliance management Fraud prevention Controlled workflow Enhance reconciliation Payments hub Disparate and duplicate entry Manual approval and import Approval workflow Automated
- 17. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Payments
- 18. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Financial Transactions Deal management STP Forecasts and settlement generation Proactive trade compliance Reporting metrics and coverage ratios Manual deal capture Automatic deal capture Automatic settlements Full deal STP
- 19. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Risk Management Risk management decisioning Automated position rebalancing Risk allocation to subsidiaries Policy compliance Scenario analysis Not performed Event based Policy driven Manual monitoring
- 20. Kyriba.com Copyright © 2020 Kyriba Corp. All rights reserved. Obtaining Maximum Utilization with your TMS Chad Wekelo Partner, Actualize Consulting Deidre Lloyd, CTP Senior Manager of Global Treasury Operations, Eastman Chemical Company eBook: “Best Practices for Designing Your Treasury Management System (TMS) https://info.kyriba.com/em/bp -for -designing -your -tms