This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Newsbyte: Treasuries Demand Optimization And Upgrading Of Information Systems, According To Study By SAP And CFO Research





LONDON, July 9, 2013 /PRNewswire/ --While companies envision their treasury groups as becoming strategic advisors, corporate treasurers lack the systems to fulfill this critical role, according to a recent joint global study by SAP AG (NYSE: SAP) and CFO Research announced today. The study revealed that nearly two-thirds of corporate finance executives expect to see some degree of change in treasury over the next two years, with 16 percent planning extensive changes. Top priorities include optimizing treasury processes (44 percent) and upgrading treasury information systems and technology (38 percent). The announcement was made at the International SAP Conference for Financial Services, being held on July 8-10 in London.

(Logo: http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

Twenty-two percent of corporate treasurers said their current information systems support treasury "very well," and many are taking steps to streamline disparate, expensive connections with various banks by seeking banking partners that can efficiently support their growing role. Twenty-nine percent of respondents indicated they will seek new banking partners over the next two years, while half will consider a search. Treasurers are seeking a consultative relationship with their bank that provides visibility into cash flow, funding and risk considerations to guide their business decision-making. As such, 91 percent of respondents are considering increased scrutiny of current and prospective providers over the next two years, and 65 percent felt their company had some or significant room to improve its communication integration with banks.

To resolve issues surrounding collaboration and connectivity and to meet the rising needs of their companies, treasurers have begun looking to cloud-based solutions. Fifty-seven percent of respondents said they would be early adopters or fast followers of cloud services for banking relationships, yet looming regulatory and security concerns have made banks reticent to dive into cloud computing. Nonetheless, survey respondents who said they will need "significant improvement" in their banking relationships are twice as likely to be ready to adopt cloud services, indicating this area of focus will become a key differentiator for banks.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs