Aberdeen Group Report Shows Early Adopters Stand to Reap Benefits from Holistic Financial Management Solutions
BOSTON--July 12, 2006--A new Trema-sponsored study by Aberdeen Group has revealed that most companies still rely on manual processes for treasury and cash management, thereby missing out on a "strategic goldmine" that enterprise financial management (EFM) solutions create by reducing costs, mitigating risk and increasing investment yield.
The report, "Setting PACE in Treasury and Cash Management," shows that technology adoption in this area has been slow to take hold, with the majority of the 160 companies surveyed reporting that they lack integrated processes for managing cash. Facing myriad technology choices and tight budgets, companies often 'opt out,' and end up lagging in adoption of treasury and cash management technologies, resulting in almost 50 percent of processes remaining manual and spreadsheet-based.
Despite this technology gap, almost 60 percent of respondents rank improving the accuracy of cash flow forecasting as their number one risk management goal, and Aberdeen predicts a sharp uptake in the implementation of treasury and cash management solutions in the next two years. Most companies (42 percent) are already seeking ways to simplify treasury and cash management processes, with one-third of those surveyed hoping to centralize treasury operations.
Respondents cite three key areas that are important for optimizing the treasury: centralized reporting, accurate forecasting and strong decision making on working capital/liquidity. Trema's EFM capability answers these concerns by enabling a single view of cash across the organization and delivering measurable ROI.
"This survey clearly shows that as companies grow and go global, working capital cycles become longer and harder to manage, requiring a strong treasury system that evolves with the organization," said Trema Executive Vice President Jeffery Struzenski. "Trema answers this need with solutions that provide efficient, accurate forecasting, reduce the buffer of cash needed cover 'just in case' situations, enable better forecasting, ensure accurate reporting and reduce risks."
A copy of the full Aberdeen report is currently available at www.trema.com.
About Trema
Trema is the leading provider of treasury and asset management software for corporations and financial institutions. Trema's experts in treasury and asset management are setting a new standard for the industry and are highly focused on adding measurable value to our customers.
Trema is proven at over 250 global blue-chip customers including GE Capital, Porsche, Merck, Lucent Technologies, Philips, The European Central Bank, Banque de France and ING Investment Management. Trema is the global system of choice for Central Banks, State Treasuries and Supranationals.
Trema offers two distinct solutions tailored to respond to the varied needs, budgetary constraints, and operational complexities of today's treasuries:
TremaSuite(TM) is a versatile treasury & asset management suite that supports the widest range of instruments and functions, in a single integrated, yet open and modular system. It delivers unprecedented ROI by providing companies with immediate visibility & control, and easy compliance throughout the enterprise.
The suite includes five integrated modules: Transaction & Risk Management, Cash Management, Commercial Loan Management, Portfolio & Performance Management and Accounting.
The application can be deployed globally and securely over the Internet whilst an open design and versatile API tools ensure that it can easily be interfaced to dealing platforms, market data feeds, banks, ERP and payment and settlement systems, making the suite a strategic platform for enterprise finance.
TremaOne(TM)is a solution for mid-sized corporate treasuries that is quick to install, easy to use & maintain and yet delivers best practice in one cost effective package.
The application can be deployed on the desktop or over the web and is available as a hosted on-demand service. It also comes with a powerful task scheduler which can automate, time, and sequence many workflow processes, including the import or export of data to and from other systems.
Trema is a privately held corporation, which is owned by major institutional investors which include Investcorp, The Carlyle Group, ABS Ventures and Norsk Vekst.
For more information please visit: www.trema.com.
