Group Treasury Services Optimisation Platform was the brainchild of the firms’ Head of Strategy alongside our largest investor who having worked at the sell side of all the largest Global Investment Banks ranging from Deutsche Bank, UBS and JPMorgan and having consulted with large to medium sized Corporate Groups regarding optimising their corporate treasury functions the one obvious stand out point was that the banks were not incentivised to provide their clients with the tools to get a 360 view across the Groups businesses and this lack of transparency was a major driver towards the banks revenues.
A consistent theme across the board at every bank was the lack of transparency on execution services provided to clients and Group Companies by their very nature had a disparate mixed bag of multi-currency treasury services providers at a company level. This was particularly evident within the FX Execution side of the business.
This platform empowers the Group Chief Financial Officer and Head of Treasury to obtain a horizontal and vertical view of their group, its capital deployment, usage and cashflow forecasting.
This tool enables the Group to locate and determine how to optimise capital deployment and cash across the group. Additionally, the platform has the capacity to centrally clear all their payment/receipt and FX execution business via a centralised function with smart order logic routing of payments, receipt requests and conversions through the optimal venue from a fully loaded price perspective.
Sounds complex. We have made this easy. In our case we had in excess of 15 companies in eight countries and were the first user of our own product. It took 8 weeks from deciding to deploy this to having every bank and EMI relationship fully integrated, all payments, receipts being auto routed optimally and all FX conversions being conducted at the right venue.
Draw a simple picture of your group corporate structure on our “whiteboard”
Draw the role of every user within the company and the group so their rights can be assigned appropriately
Map your chart of accounts for each entity across to the relevant accounting package used by each entity within your group. We have an API to every major accounting package
Allow us to integrate your Correspondent Banking Network into the platform. We support every single file transfer method and our API team have connected to 40 thousand merchants/PSP’s/EMI’s/Banks
(Optional) Allow us to process your historical groups data for payments/receipts/FX conversions through our Value Capture Analysis software. This will highlight the variance between you banking and execution costs versus centralising this function with an “average” International Multi-Currency Services Provider combined with a large FCA Regulated Electronic Money Institution
Our platform has a smart order routing API and will compute the cash flow requirement for each clearing relationship you have, it will pre-fund the accounts from which payments will be made and will route your payments via the “cheapest” execution venue which is in your network.
Deploy our “legalisation” software with our partner vendors such that important legal documents can be initiated, executed and the subsequent transactions executed seamlessly through the platform
Define your user types. We will consult with you to ensure that at a company, group and any other level each individual within your group has precisely the appropriate rights with respects to that they can, and cannot do in the name of the company. This goes a great way towards achieving SOX compliance and reducing the risk of fraud.