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Tag >> Technology
Nov 16
2010

Tech Tuesdays (November 16)

Posted by dbedell in Thomson ReutersTechnologyJP MorganIT2

dbedell

After an extensive search, French retailer Celio has settled on IT2 Treasury Solutions for its new Group Treasury workstation.

The company will roll out IT2 across its treasury operations in Brussels, Hong Kong and Paris, and implementation will focus on group-wide cash visibility and cash management, and reporting. The company noted that IT2’s support of payments factories is also if interest.

Nov 09
2010

Tech Tuesdays (November 9)

Posted by dbedell in trade financeTechnologySAPJP Morgan Treasury ServicesFinanceDeutsche BankCashBlackberry

dbedell

Deutsche Bank has launched a web-based trade finance tool for trade guarantee management. The syndicated guarantee management tool allows companies, syndication banks, and agents to access information on guarantee transactions and capture instructions in real-time, and automate information transfer.

It includes extensive reporting functions, customization, and is fully integrated with Deutsche Bank’s other corporate client solutions.

Nov 02
2010

Tech Tuesdays (November 2)

Posted by dbedell in TechnologySWIFT TSUSWIFTSunGardFundTechDeutsche BankBottomline Technologies

dbedell

Deutsche Bank has gone live with its first corporate customer transactions to be managed through the SWIFT Trade Services Utility (TSU).

The bank, along with a number of other financial institutions, has been working with SWIFT and its own partner banks for five years on developing the utility—which promises a new channel for managing pre- and post-shipment trade finance services for companies.

Nov 01
2010

Paypal gets in on the business payments game

Posted by dbedell in TechnologypayrollPaypaldisbursementsCashBanksB2B payments

dbedell

It was only a matter of time. Banks have seen their payments margins squeezed amidst increasingly tough competition. So it was inevitable that one of the biggest upstart consumer payments platforms—Paypal—would make a move into the corporate payments landscape.

The payments processor that started life as a complementary service to eBay, and has since grabbed up a huge chunk of the online B2C payments market, has launched Paypal Business Payments.

Oct 26
2010

Tech Tuesdays (October 26)

Posted by dbedell in Tommy HilfigerTechnologySWIFTSEPACashBank of America Merrill Lynch

dbedell

Tommy Hilfiger’s European operations have signed up to use Sterling E-invoicing to automate and electronify its invoicing. The goal of the implementation is to reduce costs associated with domestic and cross-border trading through the use of electronic invoices and automated invoice processing.

According to the company, its accounts receivable department processes about 33,000 invoices a month, and was looking at e-invoicing as a way to improve invoice processing accuracy and timeliness. Plus, the company wanted to reduce the costs associated with invoice processing—including the cost to print and post invoices and the staff resources dedicated to invoice follow-up and exceptions management.

Oct 21
2010

A non-IT guide to search engine optimization (SEO)

Posted by dbedell in YahooTechnologySEOsearch engine optimizationITGoogle

dbedell

Many CFOs and other finance executives may feel that understanding such IT concepts as search engine optimization (SEO) are not in their remit.

However, particularly for smaller companies where job functions may be less-defined or input from senior management is desirable across the whole gamut of business functions, it makes sense to have a basic understanding of the importance of search engine optimization, and also to know how to implement it in any writing, posting, research, and so on that may end up online.

Oct 19
2010

Tech Tuesdays (October 19)

Posted by dbedell in web portalTechnologySAPpayrollNational Automated Clearing House AssociationNACHAIT2ITe-invoicingCashBaswareAssociation for Financial ProfessionalsAmerican Payroll AssociationAmerican ExpressAFPaccounts receivableaccounts payable

dbedell

Global subsea equipment manufacturing and service company DOF Subsea has selected IT2 to provide a centralized treasury management system for the enterprise. The company will make use of IT2’s solutions for cash forecasting; liquidity management; risk management and hedging programs for foreign exchange and interest rate exposures; debt management; and treasury accounting; among other things.

DOF Subsea will access the system through IT2 NET—the system provider’s web portal, and the solution will interface with the company’s counterparties and third-party solution providers—including Nordea Bank, Agresso—for accounting; the Shipnet solution for A/P and A/R management; and Reuters.

Oct 18
2010

Be competitive, even in the face of growing risks

Posted by dbedell in TechnologyRiskIT risk managementfrauddata managementdata loss preventioncompliance

dbedell

As a follow-on to my piece last week about IT risk management, it was interesting, and a little shocking, to see that a new survey just out found more than a quarter of global companies experienced some form of information theft or fraud in the past 12 months.

Plus, the fear of this risk is holding many companies back from exploring global growth opportunities.

Oct 15
2010

Taking IT vendor selection to the next level

Posted by dbedell in vendor selectionTower GroupTechnologyRFPRFIrequest for proposalITfinancial technologyaccounting software

dbedell

The Tower Group just came out with a new research report looking at the IT vendor selection process for financial institutions and how they often do not put as thought into the selection process as they should. This applies not just to financial institutions, however.

Vendor selection for financial and accounting technology is a critical function that is usually overseen by the finance chief at any size company—from the smallest to the largest.

Oct 12
2010

Tech Tuesdays (October 12)

Posted by dbedell in US NavyTechnologySageRoyal Bank of ScotlandPorscheOpusCapitaIT2ExperianDeutsche Bank

dbedell

Tele2, the telecoms company is in the process of implementing the IT2 Treasury Management System—offered through OpusCapita. The company will use it to increase automation across the treasury function and run its in-house bank. Treasury service provider OpusCapita is partnering with IT2 Treasury Solutions to offer the best-of-breed treasury management system to its clients. IT2 offers most functionality via SaaS but also is known for its server-based high-end functionality.

Porsche is looking to Deutsche Bank to provide payments, collections and remittance solutions for its Middle Eastern and African operations, making use of the bank’s electronic banking platform for transaction processing and real-time status monitoring.

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