Treasury

A treasury and risk management system with a single, real-time view of cash positions, FX and commodity exposures

  • The Challenge

    Many large enterprises have considerable exposure to currency volatility and commodity pricing risks throughout their supply chain. For treasurers of these organizations, it is a major challenge to optimize hedging activities – especially when key information is scattered across multiple systems and channeled through operational silos. Treasurers need a treasury and risk management system with real-time visibility into all aspects of the business in order to protect profit margins.

    The Opportunity

    By creating a single source of the truth to break down silos within the organization, treasurers can enhance visibility and mitigate risk throughout the enterprise.

  • The Openlink Solution

    Openlink provides a consolidated, enterprise-wide view of commodities, treasury and risk on a single, consolidated platform. Our solution works across business functions so treasurers have a view of all cash management and treasury operations, debt and investment management, and risk and commodities procurement on one platform, providing a single, real-time version of the truth while automating manual processes and reporting.

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    • Automate processes to implement best practices across the treasury department

      Challenge

      Many firms have historically implemented treasury services in an ad hoc fashion, and must contend with multiple legacy systems and outside vendors that rely on inconsistent policies. These processes can be interpreted in different ways, or not followed altogether – creating confusion.

      Solution

      The Openlink Cloud solution can help you visually map business process workflows across the entire enterprise via point and click configuration (e.g. payments applied properly, processes for setting up bank accounts or routing payments). You can also access any data captured by the system for that workflow (e.g. reference, trade/deals, accounting). Once created, these business processes can be executed consistently and monitored in real-time for compliance.

    • Gain more control over global cash forecasting across all divisions of the global organization

      Challenge

      Cash forecasting is an important focus to boards, the CFO and the Treasurer. However, for large firms with multiple divisions and P&Ls, cash forecasting can hold particular challenges, as individual silos may have embraced differing processes and formats for cash flow reporting.

      Solution

      Our treasury management solution allows you to create a standard format and process for divisions and subsidiaries around the world to automate and report their cash forecasts. With more configurability and flexibility, users can establish business criteria and view and analyze the data.

    • Lower total cost of ownership by rationalizing systems

      Challenge

      Many companies have different systems for risk, treasury, debt management, hedge accounting, commodities procurement, credit and currency hedging. This approach can be costly both in time and money – and means managing and maintaining multiple systems, interfaces, reconciliations and paying multiple vendors along the way.

      Solution

      Openlink provides a single fully-integrated platform for all treasury, debt and cash management, commodity procurement, liquidity, derivatives accounting, credit and risk management all rolled into a single database. With comprehensive information available across the enterprise, opportunities are easier to spot, reporting is accurate, and data analysis and predictive modelling becomes possible.

    • Automate in-house banking to comply with corporate governance mandates

      Challenge

      Today, communications among offices within a large organization can be largely informal – via email and phone – with record-keeping based on spreadsheets. Requests for funds often arrive outside of normal business hours – yet have to wait for senior level approval during business hours. Firms are also increasingly looking to centralize global treasury operations while also providing in-house banking to divisions and subsidiaries.

      Solution

      With Openlink’s in-house banking solution, users can streamline and automate the process of setting up and managing internal banking relationships, both locally and across the globe. Workflows can be created via Openlink’s drag and drop interface. The system can allow for the enforcement of policies throughout the company or locally for application of interest, charges, fees and more.

    • Breaking down silos between risk, procurement, finance, treasury and more.

      Challenge

      Getting alignment on reporting between groups can be challenging and time-consuming when different systems are used by different departments and functions.

      Solution

      Openlink’s solution provides users across the enterprise a single source of truth, providing the stakeholders with better alignment.

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