But it will be online, on your mobile phone and, increasingly, in the Cloud.  

Author: Anita Hawser

Systems & Services Winners

Best Multichannel Payments Provider

D+H Financial Technologies

Banks today are increasingly under pressure to provide payment processing capabilities across multiple channels (Web, mobile, check, ACH, wire) and currencies. With 8,000 clients in more than 70 countries, Canada’s D+H Financial Technologies provides banks with a wide range of solutions for executing payments globally and domestically, sending payment messages via SWIFT, online payments, Single Euro Payments Area payments, faster or real-time payments and payment hubs for consolidating multiple payment legacy systems in banks into a faster and more streamlined experience for the customer.


Best Accounts Payable


FIS’s payments solution, TRAX Payment Factory, helps treasurers centralize their payment processing and bank connectivity requirements across regions and business lines to give them greater control. Payments from a company’s ERP system are automatically routed through TRAX, with payment instructions sent to the relevant banks via the SWIFT network. This eliminates the need for treasurers to maintain different electronic banking systems and disparate processes for managing payments. TRAX supports the latest ISO 20022 payment messaging formats and is leveraging “self-learning” to detect deviations in payment behavior. It is also able to execute workflows in real time. In the future, TRAX will be able to channel information from third-party banking application programming interfaces developed by financial technology companies.


Best Accounts Receivable


GETPAID, FIS’s solution for credit risk analysis, credit scoring, collections management and dispute resolution, is one of the most comprehensive solutions on the market for managing accounts receivable. GETPAID provides a single overview of a company’s exposure and collections to help companies better manage their collections and gain greater control over their cash by reducing their Days Sales Outstanding. The latest versions of the system include a credit workflow engine for automating the credit review process and predictive collection scoring to determine the probability of whether a customer is likely to pay. Depending on the score, companies can adjust their collection treatment of a customer accordingly.


Corporate Cards & Expense Management

American Express

American Express provides a range of solutions that provide visibility into card spend, as well as the ability to better manage and control card payments. Cardholders can monitor card policy compliance using American Express@Work, which provides reports and other online tools for the day-to-day management of corporate card information. vPayment is a virtual payment solution that assigns one-time use account numbers to transactions that enable users to control spending by setting limits and a usage timeframe. The use of virtual accounts can also aid with reconciliation as companies are more easily able to match transaction data with card expense details.

Best Treasury Management Software


In the past, companies tended to implement dedicated treasury management systems that were separate from their enterprise resource planning (ERP) systems. However, the trend these days is to leverage the treasury management functionality that resides within ERP systems, which does away with the need of having to integrate disparate systems. As a leading ERP provider, German software giant SAP has been a major beneficiary of this trend. Its next-generation SAP S/4HANA ERP suite, which leverages the HANA in-memory database and applications in the Cloud for enhanced business intelligence and faster business processes, enables companies that use its treasury module to benefit from better visibility of their cash positions and risk exposures and better alignment of accounts payable, accounts receivable and general ledger treasury functions.



Best ERP Provider


ERP software supports a wide range of financial reporting and accounting processes including typical treasury functions such as accounts payable and accounts receivable, as well as additional functions such as electronic payments, invoicing and financial reporting. A decade or so ago, ERP systems were unwieldy implementations with many companies struggling to realize their full value and functionality. Along came the Cloud, which meant that companies could utilize only what they need with less of an upfront investment. Oracle is a well-established name in the ERP space. Historically, its software has tended to be used by larger enterprises with more complex business processes, but Oracle is also leveraging the Cloud to tailor its ERP solutions to suit small and medium-sized enterprises.


Best Treasury Analytics


Treasury analytics and risk management is Reval’s core business. In recent years it has sought to combine risk and treasury management in a single solution delivered via the Cloud. Its strengths lie in helping corporates manage financial risks pertaining to cash and liquidity, currencies and commodities and compliance with hedge accounting rules. Last October, Reval agreed to be acquired by ION, which with financial backing from the likes of the Carlyle Group, has acquired several of the leading names in treasury management software, including Wall Street Systems, IT2 and City Financials.


Best Cash Forecasting Solution


Treasurers are looking increasingly to leverage the benefits of Cloud-based treasury management applications to gain greater visibility and control over their cash and liquidity. Software-as-a-Service provider Kyriba provides treasurers with up-to-the-minute reporting and visibility of their cash positions across multiple bank accounts. Treasurers can model cash forecasts and measure their effectiveness. Companies like Spotify, which won the International EuroFinance award for Treasury Excellence in 2016, leverage Kyriba software for its core cash, payments and financial transactions functionality.



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