WASHINGTON,
D.C. – October 5, 2011 – The Association for Financial
Professionals today launched the first of a new series of AFP treasury
management guides, the AFP Guide to Treasury Technology, to
help corporate treasurers navigate the choices of complex financial technology
solutions available to them.
The guide, which is
sponsored by Wall Street Systems, arose as a result of trends that both AFP and
Wall Street Systems had observed in the shifting role of the corporate
treasurer. It provides case studies and articles about the challenges that
corporate treasurers face and the specific solutions they have deployed to meet
those challenges. A robust reference section aides in implementation.
"In today’s
volatile business environment, this guide will be an invaluable tool to help
corporate treasurers identify the most appropriate technology solution for
their needs,” said Jim Kaitz, AFP’s president and CEO. “Most importantly, the guide will help them implement
their selections successfully."
In the current
financial environment, the role of corporate treasury has become more
strategic, functioning at the core of a business to drive risk management,
reduce costs, manage liquidity and optimize the use of funds for maximum
operating efficiency and control across the enterprise. With increasingly global businesses and
expanded supply chains, the corporate treasurer must capture transactional data
beyond central treasury, maintaining a global view of financial risk. As a
result, technology also plays a central role in the financial success of a business.
‘Wall Street Systems is delighted to have worked with the AFP. We collectively appreciate that in a changing
world the options can seem vast and driving change can be a daunting task. This reference guide aims to help AFP members
to make informed choices to meet the ever demanding needs placed on them as a
business, whilst supporting their roles to address strategic requirements – putting treasurers in control.’ said Paul
Wheeler, managing director, Wall Street Systems.
The guide supports the
full spectrum of technology decisions that today’s corporate treasurer makes:
·
Carrying out a minor enhancement
·
Moving to web-delivered treasury
operations
·
Consolidating systems
·
Selecting and implementing a new
solution
It covers solutions
ranging from treasury workstations up to enterprise treasury systems for the
most complex requirements, from turnkey solutions to configurable or even
custom-designed solutions.
All AFP members will
receive the guide as a member benefit. Non-members may read an excerpt and
learn more on www.afponline.org/techguide
ABOUT AFP® (www.afponline.org )
The Association for Financial Professionals (AFP) is the daily resource for a
network of more than 16,000 treasury and finance professionals. Headquartered
outside Washington, DC, AFP provides members with news, economic research and
data, treasury certification programs, networking events, financial analytical
tools, training, and public policy representation to legislators and
regulators.
AFP's global reach
extends to over 150,000 treasury and financial professionals worldwide,
including AFP of Canada; London-based gtnews, an on-line resource for the
treasury and finance community; and bobsguide, a financial IT solutions
network.