Asian treasuries must move towards automation

Automation is key to the growth and success of corporate treasuries in Asia-Pacific, says SunGard.

Automation of treasury functions is not only an important issue for large multinational Asian companies with highly sophisticated treasury needs, but even for those with relatively straight forward cash management requirements, said SunGard in a recent report.

“There is an increased demand for centralisation and aggregation of data. Many organisations are operating with more than one underlying ERP enterprise resource planning system and further interface with multiple points such as banks, foreign exchange platforms, trading platforms and market data to bring together a single view of cash and risk,” said Michael Fullmer, senior vice-president of AvantGard, SunGard’s liquidity management solution for corporations.

The report highlighted companies’ continued reliance on spreadsheets...

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