SPONSORED ARTICLE A full spectrum of opportunities in cash management Digital technology is transforming and inspiring new work practices. In today’s digital world, treasurers expect to extract value through digital capabilities and channels to help them overcome treasury challenges and seize growth opportunities. Throwing new light on cash management optimisation Digitalisation is having a profound effect on the way we communicate, commute and consume services, including banking services. As a result, banks are innovating to transform and enrich their client experiences through Keeping up to date – Given the diversity and effectively using DBS Treasury Prism’s dynamic new solutions enabled by technology, as well speed of change across Asia, treasurers and guidance on the latest restrictions, regulatory as providing new perspectives and taking a finance managers lack the time and resources implications and documentation requirements. multi-faceted approach to exploring potential to navigate and keep up to date with the solutions. This is at the heart of our strategy plethora of regulatory and tax changes that Transforming bank-corporate at DBS, and the inspiration behind the have an impact on cash management conversations development of our innovative dynamic decisions. This creates challenges when trying digital solutioning and advisory platform to position a new cash management solution, Today’s emerging technology solutions, from DBS Treasury Prism. and treasurers may ultimately decide not to instant payments and collections through to implement a new cash management strategy bespoke use of industry standards and APIs The birth of DBS Treasury Prism for fear of non-compliance. to enhance integration, enables companies to DBS Treasury Prism is a dynamic digital ‘unbundle’ bank solutions and reconstruct solutioning platform that enables corporate Stakeholder engagement – Treasurers them to build best-of-breed solutions. And treasurers to simulate cash and liquidity typically need to work with a large number of this digital transformation doesn’t stop here. management scenarios within the context of stakeholders across the business, including By leveraging digital banking capabilities and risk, return and regulation. It provides an central functions such as legal, tax and other insights through online advisory tools such as interactive interface for modelling structures, finance teams, as well as operating units. DBS Treasury Prism, together with the bank’s benchmarking of solutions, guidance on Consequently, the easier it is to collaborate co-creation approach to new solution design, regulatory and tax implications, as well as and share knowledge, such as the ability to treasurers and CFOs can keep up to date with insights on local market practices. create a dynamic visualisation of account and market developments and new opportunities, liquidity structures, the more likely that a and use this knowledge to shape the In addition to the multi-faceted functionality cash management project will be successful. company’s digital strategy. and insights that it offers, what distinguishes Implementation risk – Implementing DBS Treasury Prism is the way it has been a new cash management solution, even “Treasurers and CFOs will increasingly rely on developed, which places the client’s needs with an existing bank, is seen as a high-risk their bank’s advisory services to help articulate and journey at the core of its development. project for corporate treasurers, often with the value proposition of digitisation, and identify The result is a highly functional, pragmatic significant internal scrutiny. Treasury where the greatest value can be added. With a and insight-led design based on in-depth functions are often small, so it can be variety of drivers, whether technical, regulatory, engagement and feedback from a deep pool of difficult to balance resources across or internal, such as supporting liquidity and both existing and prospective clients. information requirements across the business, day-to-day activities and specific projects. online advisory services, such as DBS Treasury Embarking on the journey, DBS’ research and Hence, treasurers tend to be sceptical about Prism, can help to build multi-dimensional views insights emphasised: implementing new cash management of potential solutions, pinpoint opportunities or solutions unless they have assessed and obstacles, and support treasurers in maximising Time challenges – Treasurers say that it takes are fully assured of the benefits of doing so. value for the enterprise.” too much time and preparation to define and deliver an optimal cash management solution, Treasurers often express frustration that they John Laurens leading many to postpone or cancel the are not necessarily able to replicate the Head of Global Transaction Services implementation of new cash management solutions that they read about in the treasury initiatives, particularly given competing media or bank brochures due to regulatory or business priorities. tax considerations. Uncertain benefits – Many companies find it DBS Treasury Prism however, enables them to difficult to quantify the cost and productivity simulate potential solutions and gain clarity on benefits of a new cash management solution, the outcomes for their business to devise a For more information, visit us at exhibition which is a major obstacle when trying to compelling business case. Furthermore, they stand S42 at EuroFinance Barcelona 2017 or develop a compelling business case. can manage project risk and complexity more treasuryprism.dbs.com