Media-Insert Communications

Automation Allowing Treasurers to Piece Together Balances and Cash Reports

Advances in technologies that allow for automation of processes have “completely revolutionised the forecasting process” for treasurers, according to Brett Turner, CEO of Trovata.

Having a multi-bank application programming interface (API) data platform is “paramount if you are seeking digital transformation.” He points out that many cash-centric workflows in treasury are binary and that if a treasurer doesn’t have all of their banks reporting, “it’s really hard to take action with a high degree of confidence.”

In August, Trovata and ICD launched an integrated corporate treasury solution.

It comes in the midst of a number of high profile announcements involving treasury and transaction services automation, as banks and corporates look to stem problems created by the pandemic: in August, Finastra announced it would be helping CIH Bank automate a number of its trade and supply chain finance services. 

Learn more about how automation is allowing treasurers to "piece together and cash reports."

Client: The Global Treasurer. Published on 7th September 2020. 

Is RPA a Stopgap in Automating Complex Banking Compliance Processes?

Robotic Process Automation (RPA) is proven to deliver cost-savings whenever it is used to automate simple processes. However, for more complex banking processes it comes with a warning to avoid over-utilising it, and, the predominant view is that enterprise architects should focus on using robust, scalable, APIs connected using proven and secure technology. Yet RPA still has its supporters in the banking and financial services world – despite the complexities of Know Your Customer (KYC), Anti-Money Laundering (AML) and Enhanced Due Diligence (EDD) processes.

Accenture Consulting’s whitepaper, ‘Evolving the AML journey: Operational Transformation of Anti-Money Laundering Through Robotic Process Automation’, begins by highlighting the cost-benefits of RPA. It also claims that RPA can boost “throughput and improve quality, while remaining compliant across the AML ecosystem.” The introduction of the 2016 report cites other benefits too: they include an implementation period of just 6-8 weeks, higher staff satisfaction by “eliminating monotonous tasks and allowing individuals to focus on higher value work”, reduce incidents caused by human error and – perhaps controversially to some – fewer full-time employees will also work on repetitive tasks...

Learn more about whether Robotic Process Automation is a stopgap for automating complex banking compliance processes.

Published by Arachnys on 7th January 2020. Client: Arachnys. Author: Graham Jarvis. 

 

The True Cost of Laptop Ownership for IT and Finance Managers

In this article for Impact Magazine (page 9), Graham Jarvis looks at “THE TRUE COST OF LAPTOP OWNERSHIP FOR IT AND FINANCE MANAGERS. Bit.ly/2DCNzVL

Author: Graham Jarvis. 

Establishing a Business Case for Fleet Management Technology

FLEET management represents both an expense to the business and an investment. Chief financial officers therefore need to establish a business case that demonstrates a sound rationale for investing in fleet management technology and in car, truck and van fleets themselves. However, the very fact that such propositions are both an expense and an investment means that they need to find a balance between the two sides of the coin – particularly as the main barrier to investing in fleets falls heavily down to what it costs to procure the vehicles, to maintain and manage them throughout their lifespan.

Find out more about how to establish a business case for fleet management technology...

Give Me a Tax Break: The Benefits of Green Fleet Management

ACCORDING to the European Commission cars create 12% of the total European Union emissions of carbon dioxide (CO2), which is the main greenhouse gas. EU legislation has therefore set its sights on improving the fuel economy of cars with similar targets being set for vans. For example, by 2021 its target is to reduce CO2 emissions by 40%. By then the emissions target for all news cars will be 95 grams of CO2 per kilometre (1.6 miles), with a fuel consumption target of around 4.1 l/100 km of petrol or 3.6 l/100 km of diesel compared to the 2015 target of an average of 130 grams of CO2 per kilometre.

Discover more about the benefits of having a green fleet management strategy, read what they can do for your company.

By Graham Jarvis. Published by Financial Director magazine on 26/09/2016. Publisher: Contentive.

Data Resilience: Why CEOs and CFOs Need to Understand the CIO Agenda

The CIO agenda changes each year, albeit not drastically. In 2015 part of their focus was on hybrid cloud spending, but this year in 2016 research and analyst firm Gartner says that it’s now about how they enhance the power of digital platforms. Graham Jarvis finds out more here. 

Publication: Storage Network Solutions. Clients: Luminous P.R and Bridgeworks. Published in May/June 2016. 

Smart tech: Making Employees Safer and More Productive

Mobile apps and wearable technologies such as Apple Watch motivate employees, encouraging them to take responsibility for their own health and wellbeing.

Employee health and wellbeing is firmly on the agenda of many organisations today. A healthy employee is a happy and potentially a highly productive member of staff who’s less likely to either seek employment elsewhere, go off sick or be absent for other reasons.

According to research from the University of Salford: “More than 130 million days are lost to sickness absence every year in the UK, and working age ill health has an annual cost to the economy of more than £100bn.” So health and wellbeing isn’t an issue companies of all kinds can take lightly.

Find out more, read the complete articles here. 

Publication: Director of Finance, written by Graham Jarvis and published on 31st May 2016.

Why Does My Business Need to Invest In Back-up Solutions?

David Trossell, CEO and CTO of Bridgeworks reveals why businesses need to invest today in back-up solutions.

Read more: http://www.itproportal.com/2016/04/22/why-does-my-business-need-to-invest-in-back-up-solutions/#ixzz4Bep3KCDU

Publication: IT Pro Portal. Published on 22nd April 2016. Clients: Luminous P.R. and Bridgeworks.

Attracting Talent: Filling the Gaps

This feature series explores the importance of mentoring and attracting talent, with today’s installment discussing how CFOs can use mentoring initiatives to attract the right talent. Graham Jarvis looks at how 'times are changing'.

Publication: Director of Finance, published on 21st March 2016. 

Rise of the machine: Robotics and the finance function

The very nature of robotic process automation raises questions about whether the robots are coming for your job in finance and accounting, writes Graham Jarvis.

Click to read the complete article.

Published: 14th October 2015. Published by: Financial Director magazine.