Treasury Management 2021

Assessing the current state of affairs of cash and treasury management

The survey seeks to examine treasury banking systems within financial institutions with key focus areas, being:

A. Treasury Management System Maturity

B. Intraday Liquidity Monitoring

C. Core Financials Maturity

Each point above is addressed in the questions below, to delve into the critical challenges and opportunities being faced in the industry.

All responses are anonymous, and all respondents will receive a copy of the final report and survey findings.

The survey is estimated to take 5-6 minutes and is no longer than 3 pages.

Question Title

* 1. What best describes your organization? (select one):

Asset management

Commercial bank

Corporate

Credit services provider

Insurance provider

Regulator

Retail bank

Other (please specify)

Question Title

* 2. Visibility to cash
Do you currently utilize a Treasury Management System (TMS)?

No, we have not seen the value of a formal TMS

We are beginning to pay attention to the value of an automated TMS

We are actively looking to acquire a TMS

Yes, we have a current TMS. but use spreadsheets and other supplemental tools to manage our cash forecasting and other tasks.

Yes, we have a current TMS system and are fully satisfied.

Question Title

* 3. Cash and liquidity forecasting quality
How would you rate your current overall view of your liquidity? Including: debt, investments, and lines of credit (select one)

Excellent

Good

Substandard

Extremely Poor

Question Title

* 4. Cash and liquidity forecasting range
How far out is your cash visibility now? (select one)

Today and tomorrow seem clear

1-2 weeks

3-6 weeks

6-12 weeks

Greater than 12 weeks

Question Title

* 5. Payment management
As payment speed increases, the advance warning that you may have for when these payments need to be made may erode. How impactful would the loss of this predictability and advance warning about these faster payments be to your organization? (select one)

Highly invasive

Disruptive

Some good amount of work to adjust our planning

Minimal

Question Title

* 6. Payment risk
What level of financial risk do you foresee moving to these faster payments? (select one)

Substantial change in infrastructure

Some systems will need to be update

No systems risk, but lots of human procedures updates required

Little to no risk

Question Title

* 7. Mandated change to faster payments
Is your organization subject to or about to experience a mandated change to faster payments?

Yes, from OSFI

Yes, from Pay.UK

Yes, from FedNow

Yes, from Other regulatory bodies

Other (please specify)

Question Title

* 8. Bank connectivity
How many banks do you connect to or work with? (select one)

> 20

11-20

5-10

2-4

Question Title

* 9. Payments: risk control vs fraud
How do you electronically submit payments with the Banks? (select one)

Via fax or email to my bank

Called in to my banker

Through the bank’s portal

Through the bank’s portal with a token

From my TMS system via API

Question Title

* 10. Reconciliation automation
How does your organization reconcile bank statements? (select one)

Looking at the statement side by side

Through each bank’s portal

Online bookkeeping service

Via EDI files into a bank file comparison

Via IOS 20022 XML files into a bank file comparison

Question Title

* 11. Debt tracking
When you look at your organization’s cash position, where is the summary of your debt position kept? (select one)

Paper or electronic files unique to each debt instrument

Managed through a tracking spreadsheet

In a centralized debt management system

Integrated into our TMS platform giving us a comprehensive view of our forecasted positions

Question Title

* 12. Cash movements across entities
What is your ability to see and move money between organizational entities? (select one)

No visibility across divisions, $ stays where it is

We track any moved money through a spreadsheet and created manual debt agreements

We use a sub-ledger process to keep track of who owes who what

We have a comprehensive intercompany banking process managed by our TMS

Question Title

* 13. Fraud mitigation
How are you mitigating against fraud? (please select all that are applicable)

Ensuring that people lock their computer screen when away

Mandate education for staff

Implemented fraud detection procedures

Regularly update guidelines on payment processing

Ensure that all payments are only made through a TMS platform with full audit capabilities (and that no bank portal access is given out)

Question Title

* 1. What best describes your organization? (select one):

Question Title

* 2. Visibility to cash Do you currently utilize a Treasury Management System (TMS)?

Question Title

* 3. Cash and liquidity forecasting quality How would you rate your current overall view of your liquidity? Including: debt, investments, and lines of credit (select one)

Question Title

* 4. Cash and liquidity forecasting rangeHow far out is your cash visibility now? (select one)

Question Title

* 5. Payment management As payment speed increases, the advance warning that you may have for when these payments need to be made may erode. How impactful would the loss of this predictability and advance warning about these faster payments be to your organization? (select one)

Question Title

* 6. Payment risk What level of financial risk do you foresee moving to these faster payments? (select one)

Question Title

* 7. Mandated change to faster payments Is your organization subject to or about to experience a mandated change to faster payments?

Question Title

* 8. Bank connectivity How many banks do you connect to or work with? (select one)

Question Title

* 9. Payments: risk control vs fraud How do you electronically submit payments with the Banks? (select one)

Question Title

* 10. Reconciliation automation How does your organization reconcile bank statements? (select one)

Question Title

* 11. Debt tracking When you look at your organization’s cash position, where is the summary of your debt position kept? (select one)

Question Title

* 12. Cash movements across entities What is your ability to see and move money between organizational entities? (select one)

Question Title

* 13. Fraud mitigation How are you mitigating against fraud? (please select all that are applicable)

* 2. Visibility to cash
Do you currently utilize a Treasury Management System (TMS)?

* 3. Cash and liquidity forecasting quality
How would you rate your current overall view of your liquidity? Including: debt, investments, and lines of credit (select one)

* 4. Cash and liquidity forecasting range
How far out is your cash visibility now? (select one)

* 5. Payment management
As payment speed increases, the advance warning that you may have for when these payments need to be made may erode. How impactful would the loss of this predictability and advance warning about these faster payments be to your organization? (select one)

* 6. Payment risk
What level of financial risk do you foresee moving to these faster payments? (select one)

* 7. Mandated change to faster payments
Is your organization subject to or about to experience a mandated change to faster payments?

* 8. Bank connectivity
How many banks do you connect to or work with? (select one)

* 9. Payments: risk control vs fraud
How do you electronically submit payments with the Banks? (select one)

* 10. Reconciliation automation
How does your organization reconcile bank statements? (select one)

* 11. Debt tracking
When you look at your organization’s cash position, where is the summary of your debt position kept? (select one)

* 12. Cash movements across entities
What is your ability to see and move money between organizational entities? (select one)

* 13. Fraud mitigation
How are you mitigating against fraud? (please select all that are applicable)