Treasury automation: The next level of treasury reporting

November 28, 2022

Treasury management systems (TMS) standardize and automate cash, payments, treasury, and risk management processes to a high degree, often end-to-end. Compared to other processes, reporting is often still manual. Are TMS not supporting today’s reporting needs, or is there another reason treasury professionals are returning to error-prone spreadsheets?

Treasury reporting challenges

Treasury teams often struggle with reporting. Although they have a TMS, they spend a lot of time putting together analyses and reports manually. Why?

Outdated technology is causing most of the manual workarounds. Legacy TMS offer a set of standard reports end users cannot fully customize. To get the reports they need, customer-specific development is required. This is costly and difficult to maintain.

As a result, end users use spreadsheets and other tools outside the TMS to support reporting needs such as global liquidity views, investment or debt position trend analysis, or back-office automation metrics.

Automate treasury reporting

Modern TMS offer three levels of reporting features to overcome the shortcomings of legacy systems.

Treasury reporting level 1: Fully customizable static reports

At the first level, static reports exported into different file formats are fully customizable. The reports can be designed natively in a spreadsheet or as a page layout using the best tool for the job. Complex conditions and scripts can be added to report parameters and appearance.

For example, an in-house bank statement can be formatted differently depending on the recipient. The standard distribution of the static reports is flexible. It can handle different delivery channels and thousands of recipients, each with a different set of parameters, different layouts, and so on.

Treasury reporting level 2: Real-time, exception-based monitors

The second level of treasury reporting consists of real-time, exception-based monitors. Most legacy reports for daily processing can easily be replaced by real-time monitors that give a visual overview and statistics of the whole process.

Typically, payment processing from bulk import through the approval process to settlement is captured end-to-end by daily monitors. Any exception to the automated process is immediately visible and actionable. The user can enter or edit transactions from the monitor.

Treasury reporting level 3: Real-time analytics, out of the box

The third level is fully customized real-time analytics. Any data available in the real-time monitors is also accessible in a flexible data model that supports treasury reporting use cases out of the box. All data is linked together logically in multi-dimensional, graphical representations called cubes. The dashboard design is intuitive for non-technical users.

Real-time analytics enable any user to look at the treasury business holistically without manipulating any data outside the system.

ION Treasury’s Wallstreet Suite for treasury reporting

Wallstreet Suite is an enterprise treasury and risk management solution for the world’s largest and most complex organizations. The software offers multi-entity support, real-time information across all asset classes, and advanced analytics for business decision-making and key performance measurement.

Our latest release, Wallstreet Suite version 8, combines all the tools to support today’s reporting requirements. This includes static report design and distribution, real-time monitoring, and advanced analytics using a treasury-specific data model.

Master complexity with Wallstreet Suite

Master complexity and automate your treasury management process with ION Treasury’s comprehensive treasury and risk management system, Wallstreet Suite.