Session7 - AFP Learning System: Treasury Session 7 Module...

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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 1 AFP Learning System: Treasury Session 7 Module 4: Information Technology & External Financing
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 2 Session 7, Module 4: Information Technology Chapter 11: Treasury Systems and Information Management Chapter 12: Electronic Commerce
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 3 Chapter 11: Treasury Systems and Information Management—Outline Brief History of Treasury Management Systems Objectives of Information Management and Technology Role of Information Management in Treasury Information Exchange Between FSPs and Treasury Treasury Management Systems and Software Use of the Internet in Treasury Future Issues in Treasury Management Systems
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 4 Objectives of Information Management and Technology Integration of treasury with other operational areas (finance is clearing area of intracompany information) Compiling, integrating, reporting and accounting for external data Integration of all data—usually requires Enterprise Resource Planning (ERP) Primary responsibilities Reconciling the prior day cash balance Preparing a daily cash position worksheet
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 5 Typical ERP/Treasury Management System Integration ERP System Manufacturing Treasury Shipping Accounts Receivable Treasury Management System Marketing Purchasing Accounts Payable
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 6 Daily Information Management Cash manager prepares daily cash position to: Reconcile the prior-day cash balance. Determine cash requirements. Track activity. Identify opportunities. Update cash forecasts. Update management information.
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v1.1 © 2004 Association for Financial Professionals. All rights reserved. Session 7: Module 4, Chapter 11 - 7 Treasury Management Systems’ Benefits and Costs Improved productivity Expedited data gathering, compilation and analysis Increased forecasting accuracy Reduced borrowing expenses Improved short-term investment returns Improved management reporting Consistent TMS infrastructure assures best practices, resulting in improved quality and control, and lower costs Hardware and software selection, purchase and installation Startup and training expenses Fixed costs Administration Maintenance, overhead Licensing and upgrades Variable costs Telecommunications charges Transaction service charges System security expenses Benefits Costs
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v1.1 © 2004 Association for Financial Professionals. All rights reserved.
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Session7 - AFP Learning System: Treasury Session 7 Module...

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