Trésorier/Treasurer magazine - N°99 - Nov/Dec/Jan 2018 - 14

If your treasury management is
centralised, or contained in a Shared
Service Centre (SSC), automated
management of the banking
relationship, in the wider sense, is
crucial if we want the benefits of
efficiency and economies of scale.

N°99

- NOV /

DEC / JAN 2018

MANAGING
BANK ACCOUNTS,
THE CINDERELLA
OF TREASURY
MANAGEMENT
Management the banking relationship and bank accounts is still
difficult, manual, poorly coordinated and fragmented. At a time
of prescriptive procedures and form, the way bank accounts are
managed falls short of requirements, with too little automation.
Although the technology may exist, there is too little standardisation, the cornerstone of the much-needed automation and of
more efficient and more secure administration. Management of
the banking relationship could be improved by using eBAM. This is
a modular project that needs to be thought through carefully, so
as to decide right from the start on the strategy and targets to be
pursued. A worthwhile project, but one that is difficult to "sell"
in-house, and one which is often not a priority in spite of all its
potential benefits.

It it is necessary (but tricky) to prepare a business
case to demonstrate the viability and benefits of
such a BAM project. Convincing the CFO that this

project is necessary (but expensive) is one of the

treasurer's main challenges.

LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE

Comprehensive overview of your bank accounts
If your treasury management is centralised, or contained in a
Shared Service Centre (SSC), automated management of the
banking relationship, in the wider sense, is crucial if we want
the benefits of efficiency and economies of scale. This is all
the more important since the tasks involved are not as interesting as they might be. Furthermore, financial regulations
now make them even more unrewarding and tricky than ever.
Keeping control over the banking relationship is crucial for
the stringent requirements of compliance and financial audit.
Better management of this relationship involves automation
(i.e. paperless processes), includes having a complete overview of the accounts, needs processes and funds transfers
to be made more secure, and finally requires the exchange
of information and official data with the banks. As these are
modular projects and the eBAM (i.e. Electronic Bank Account
Management) part is still in its infancy, it has to be conceded
that these are hybrid BAM/eBAM projects with add-ons such
as controls over bank charges, lists of bank documents, and
management of bank signatory powers. Not all IT suppliers
offer the same functionalities. This means we have to look for
the solution that best matches the existing IT architecture,
beefing it up appropriately. This is not as simple as it looks.

"Chitty Chitty BAM BAM"
"Chitty Chitty BAM BAM"
"Chitty Chitty BAM BAM"
For
ome,
eeBAM
BAM
is
isthe
hantom
of
oftreasury,
unattainable
ream
(or
unat
Forssome,
thepphantom
its
For
some,
etreasury,
BAM
is
itts
he
punattainable
hantom
of
dtreasury
dream
(or
unattainable
now,
least).
In
the book
the
book
by
I.
Fleming
and
K.
Hbat
ughes,
the
ook
by
"I.
Chitty Chitty Bang Bang
Fleming
and
by
K.
I.HFleming
ughes,
"
and K. Hughes,
"Chitty Chitty
Bang",
an
eccentric
extraordinary
amphibious
flying
Bang
car.
In
1a968,
Disney
ade
it
into
a
fi
extraordinary
mphibious
fm
lying
inventor Pcreated
ane
extraordinary
amphibious
Vulgaria.
erhaps
w
could
parody
this
title
and
rflying
ender
car.
it
as
In"
1968, Disney made it
into a film telling the
story of its journey
to Vulgaria. Perhaps
we could parody this
title and render it as
"cheaty, cheaty eBAM
eBAM"?

Table des matières de la publication Trésorier/Treasurer magazine - N°99 - Nov/Dec/Jan 2018