As modern bank treasury managers have had to respond to increasing demands being placed on them, it has led to a sub-optimal Treasury Management System (TMS) strategy being deployed, especially when having to cope with their trading staff having to work remotely.
Access to real-time systems that allow for active monitoring of P&L, position keeping, cash flow information, funding and liquidity, alongside the ability to view the trading, banking and investment books has highlighted the need to revisit the systems in place to achieve this.
An advanced TMS that handles your full requirements will pay for itself extremely quickly. So apart from the normal considerations, it is worthwhile to make sure it fulfils your entire shopping list which going forward should include the following ten essentials:
- Does it eliminate all spreadsheet use, manual and paper processes?
- Are your full and future requirements covered so you can have a single holistic version of the truth and a common DataMart?
- Will your Regulatory Reporting requirements be handled seamlessly?
- Does it fit with, meet and satisfy your future BCP requirements
for the “new normal”?
- Can all communication media be captured, attached to
records and be monitored by compliance in near real-time?
- Is full sales desk functionality available, and does this come
with a private in-house secure messaging capability?
- Can it handle in real-time credit, mark-ups and margin
requirements? With full uncleared margin rules in place by
2022 will this be fully automated and disruption proof.
- Are your requirements for BCBS and IFRS met?
- Is cloud deployment feasible?
- Can it handle future DLT/Blockchain and digital currencies requirements?
