Treasury Mangement Systems 2013 by EY

Treasury Management
Systems Overview
2013 Edition
Treasury Management Systems Overview

2013 Edition
The information contained in this publication is intended to provide only a general outline of the subjects covered and may
become out of date or incorrect. It should not be regarded as comprehensive or sufficient for making decisions, nor should it be
used in place of professional advice. Accordingly, Ernst & Young accepts no responsibility for any loss arising from any action
taken or not taken by anyone using this publication.
Ernst & Young is defined on page 138.
Preface
Treasurers are facing turbulent and challenging times. The global financial crisis has led treasury to prioritize monitoring
the financial markets, optimizing cash flow and managing risk management. Considering the speed of developments, a
comprehensive and real-time treasury management system is essential to manage financial positions and risks proactively.
Treasury management has become more automated through improved straight-through processing (STP) and further integration
with corporate financial systems. This reduces the required number of manual activities, makes the process more efficient
and provided the system is implemented adequately more secure. Ideally, this automation frees time for treasury teams to
concentrate on areas where the greatest value can be added.
This focus on automation puts the treasury management system at the heart of the organization. The requirements placed on the
system in terms of functionality, process transparency and security increase each year. Given the critical functionality provided,
companies need to rely fully on the system and the support provided by the vendor, which, like other key relationships, should be
evaluated on a regular basis.
This booklet presents an overview of the main functional specifications of the leading treasury management systems used for
corporate treasury management. The system capabilities and vendor information are based on information supplied by the
respondents to an extensive questionnaire prepared by Ernst & Young Treasury Services. Additional information is available
from Ernst & Young Treasury Services, which provides treasury advisory services to assist companies with the selection and
implementation of treasury management systems.
Contents
Chapter 1:
Ernst & Youngs treasury service offering............................................... 1
Chapter 2:
Differentiators for treasury management systems..................................... 3
Chapter 3:
Ernst & Youngs treasury system selection and implementation approach........... 7
Chapter 4:
Vendor profiles............................................................................ 13
Chapter 5:
Vendor responses.........................................................................44
Ernst & Young treasury services contacts............................... 134

About the authors................................................................. 136
Chapter 1: Ernst & Youngs treasury service offering

Introduction
Various changes are occurring in the world of treasury management. Treasurers are confronted with the question of whether
their information systems can handle all of these new trends, which include:
The growing need to collect financial information from a groups entities

The expansion and increasing complexity of the kind of instruments handled
The implementation of the Payment Services Directive
The development of remote banking communication (elimination of the ETEBAC protocol, the growing strength of SWIFTNet,
the appearance of EBICS [electronic banking internet standard] on the scene)
The heightened expectations regarding the internal control of treasury activities

At the same time, getting to grips with the range of software on offer that fulfills these needs is made more complex by rapid
changes in technologies and approaches. Software vendors aspire to cover an ever broader spectrum of treasury management
needs stemming from market activities, the liquidity management and banking communication.
In this environment, the key factors for success in choosing a treasury management system are:
Selecting a tool that is adapted to teams operational needs and that brings value to their operations
Automating recurrent tasks, in particular reporting, in order to ensure permanence and relevance of the information
Integrating reliable internal control solutions directly in the applications processing flows
We can provide you with ongoing assistance in:

Selecting a solution that is adapted to your needs
Sifting and consolidating the responses via comparative analysis tables of functional and technical capabilities and overall
costs, in order to facilitate the decision-making process and its acceptance by line personnel
Implementation assistance
Drawing up functional specifications and handling the relationship with the project ownership
Monitoring the publishers work and providing project ownership assistance (budget and schedule monitoring, project reporting
and governance, allotment and overall organization of the work)
Assistance in gaining acceptance (setting up test cases, sequencing)

Assistance in deploying the solution within the group
Training users on the new tools
Diagnosing and improving automatic controls
Identifying risk areas based on a standardized approach

Defining a test program (sampling policy, test methods)
Recommending and implementing additional controls as needed
Optimizing production of steering reports
Analyzing steering reports in line with the managements objectives

Identifying the underlying data and extraction methods for treasury management systems
Adapting and/or designing reporting (modeling, testing and approving steering report production processes)
Automating production methods (design and optimization of existing IT or business intelligence systems)
Setting up an overall organization that allows information collection within the group
Identifying the organizational methods and technical capacities for making a collection tool available
With the IT departments, defining operational solutions (utilization of existing solutions within the group, assistance in choosing
commercial solutions, solution specification)
Assistance and follow-up in the implementation phase
We mobilize
Experience that allows you to benefit from a clear view of all of the
solutions on the market that cover the various fields of treasury

management (market activities, risk monitoring and related reporting,
communication with subsidiaries, liquidity management, cash forecasts,
banking communication, payment factory, etc.).
Updated knowledge of the existing solutions on the market (regular global

survey of treasury management tools and their use in the largest groups).
A team of specialists composed of auditors and former treasury
management and banking consultants, and IT specialists who have

developed a wide range of skills through experience with large industrial,
commercial and financial groups.
An international network and synergies with the other key Ernst & Young
business lines (Tax & Legal, Transaction Advisory Services, Actuarial
Services, etc.) We offer recognized project management methods and
skills that focus on quality, and our legal status guarantees complete
independence with respect to software publishers.
Chapter 2: Differentiators for treasury

management systems
The recent economic turmoil has refocused treasury departments from crisis management back to the task of efficiently
managing activities and raises the question of what lessons can be learned and what opportunities can be leveraged from
enhancing the organizations access to information through the improved treasury management systems. How can the
organization better employ technology to gain access to vital real-time information? For example, a finely implemented system
will provide strong and automated functionality through automated payment solutions, real-time balance information, automated
reconciliations and confirmations. It can also provide strong analytical tools to effectively measure and monitor financial risk
positions in a volatile market and execute hedging of exposures to amiable pricing. It may also offer the functionality to manage
your liquidity positions through integrating cash forecasts (with careful input), balancing of foreign currency cash accounts,
managing collateral, controlling banking authorities, monitoring credit, as well as enhancing the control environment.
However, not all functionality is implemented in a smooth manner. In this version and previous edition of this Treasury
Management Systems Overview, we talked about the consolidation trend in the market for system vendors. The emphasis in the
market seems to have shifted to replacing technology that treasury has outgrown, was implemented with limited functional
scope, replaced because of a forced retirement of the vendors solution or as a result of recent treasury integration. Although
the fragmentation of the treasury system market has been reduced, treasurers still struggle with the choice of selecting a
system that offers the required visibility and speed of management information while having the robustness for core treasury
functionality. The key question for treasurers is twofold: What can I give up and what can I gain? and How do I differentiate
among the systems offered?
With companies seeking a single, integrated, system solution for the bulk of their treasury activities, how does a treasury identify
and evaluate the systems available and translate this information into a comprehensive vision on which system or systems might
best meet their needs for the least amount of cost today and tomorrow?
While technological developments within the treasury landscape have been evolving, with a relatively stable state of providers,
the focus has been in offering solutions tailored to the needs of treasury departments. Although cost containment and improving
profit margins is always top of mind, and is ever more so this year, we are observing a slight increase in initiatives to support
technology improvements to achieve cost savings, particularly in industries where there is uncertainty regarding reform
or regulation and those associated costs. As such, a single-system solution that either is, or has the potential to be, fully
integrated with the banking, trading or other portals (e.g., SWIFT) and ERP systems, has become paramount to achieving these
cost reductions. This wall-to-wall approach on system selection is continuing to be popular as companies try to save costs on
interface support and system licenses for a more efficient and visible financial value chain management.
Drivers in choosing a treasury management system (TMS)

What are the main drivers in choosing a TMS? Is it the ability to effectively manage and monitor your trading risks in real time
using a variety of complex instruments, or the ability to strengthen and improve cash management, cash visibility and access, and
cash flow forecasting tools and processes. Or is it the ability to interface with the ERP and generate automated payments? What
should you consider in a TMS in order to make a sound choice between the most popular systems on the market at the moment
and the system that might best fit your needs? We believe there are several key drivers in evaluating your choices:
Identifying and prioritizing the needs for business-critical treasury activities

Identifying and evaluating solutions that can adapt to a changing business environment
Identifying and evaluating costs and benefits associated with integration
Assessing the software delivery model that best meets your functional and economic needs
Assessing the system vendor and developing that relationship before, during and after implementation to best serve your needs
Identifying critical business requirements

Core functionality must always include a system that accurately captures and monitors all required instrument types; provides
access and visibility to cash flows; supports segregation of duties and enforces controls; makes confirmations, reconciliations and
executing hedges and payments as automated as possible; has a user-friendly and flexible report writer; and supports interfaces
to other systems. But what else can a strongly implemented system provide? How well does your existing system or processes
calculate and continuously provide accurate valuations and real-time management information?
Recent events have now called for systems that can also provide useful real-time information to better control working capital
levels, have visibility on global cash balances and have the scope to robustly identify core, liquid and strategic levels of funding
and liquidity. Every treasury function operates in a different risk environment and treasurers face a multitude of differing business
drivers. With this in mind, the real differentiators for a TMS will center on how a TMS package comprehensively covers your
business requirements, and mainly its ability to adapt to the specific business or industry needs of the company. However, if the
system does not meet the majority of the business requirements, should a company consider customization or implementing the
application in a manner for which the system was not intended? If yes, then what level of customization is appropriate and how
can this be supported going forward? Will the customization be too rigid to support new functionality as a companys needs and
focus change? What is the risk that the vendor will eventually decline to support these customizations or unintended uses?
Solutions to meet a changing business environment

What functionality do you require from a treasury management system today, how deep is your treasury footprint within the
business and what functionality are you likely to require in the medium-term? There is no doubt that cash has been firmly
ensconced onto its throne and a back-to-basics approach has been adopted; for example, cash management and forecasting,
covenant management and monitoring and supporting local funding solutions have all been revisited, expanded or further
embedded.
With the right system selection and implementation, various assumptions around commercial and economic environments may
be flexed and analyzed to provide further insight into how the balance sheet value can change.
Further advances are being made by treasurers toward more effective liquidity planning and management or, in essence,
expanding the cash management footprint. This means treasury has more influence and impact over accounts receivable,
collections and the order-to-cash cycle with particular focus on the time value of money and credit risk, but does the current
TMS, on its own, offer greater visibility and control over this cash process? Does the TMS facilitate the reporting of all group bank
account balances while supporting a robust forecasting process and escalation of variations? To what extent can the TMS assist
in setting up a comprehensive system for cash forecasting for the company and its subsidiaries? And to what lengths can treasury
provide the resources with the necessary knowledge to facilitate this?
Evaluating the costs and benefits of integration

We have mentioned the ability of the system providers to deliver functionality for the more recent business
developments. Is your vendor overly concerned about the problems that you have with connecting your
treasury system to other system applications? It seems so, but how well does your system provider enable
you to obtain directly the information you require? For example, what is the ability to capture foreign
exchange-embedded derivatives in contracts, or to extract the level of detail (or provide the flexibility for
accurate manual input or overlays) for a reliable forecast short and medium-term. How does your system
allow you to interface directly with an internet dealing platform without the need of another application,
web-based or not? Does your system facilitate the Single Euro Payment Area (SEPA)? Can you easily run
a multilateral netting program in the chosen system? Would it be fit for purpose if EMIR is enforced?
These questions are sometimes ignored during the implementation of a treasury management system, but
are critical in achieving an integrated solution that provides visibility and access to information that allows
the treasury department to analyze and take prompt action that benefits the organization. Prioritizing
the connectivity between systems should be part of considering existing and future requirements, as
companies begin the selection process, and certainly as implementation proceeds.
Evaluating the software delivery model

In the last 12 years, many well-known names in the treasury market have disappeared and others
have come forward. Through consolidation, system vendors have become larger and expanded their
global presence. This expanded scale has the potential that these vendors will be able to invest more in
development to improve their solutions, meet the increased expectations of their global customer base and
to provide better service levels. However, many treasurers are justly concerned with the lack of competition
in this market if the consolidation trend were to continue. Nevertheless, we are happy to see new vendors
included in this overview, which contributes to improved choices installed, web-based or hosted there is
competition and innovation in this market.
In the past, most treasury management systems were locally installed applications that had the advantage
of the company being able to control the IT security, environment and data. The disadvantage, however, is
that IT department resources were, and are, needed to implement and support this specialty application
used by a relatively small population of users within the organization. An added complexity arises
when your IT organization is also outsourced, where it becomes more challenging to prevail on internal
relationships and hierarchies to achieve your technology objectives.
To address these challenges, and with the advent of improved network security, an increasing number
of vendors are offering other software delivery models to meet these needs. Two models have increased
their prominence and acceptance the web-based solutions or Software-as-a-Service (SaaS solutions) or
the hosting of your installed application. The SaaS model has the advantage of standardized processing,
potentially simpler implementations and a per-user/per-function pricing model that is budget friendly.
However, some companies have struggled with security and data privacy concerns as dictated by their
internal security policies. Another alternative is to have your installed application hosted by your vendor.
Hosting your application has the advantage of having your hardware installed, implemented and hosted at
the vendors location. The vendor supports your IT infrastructure needs relative to the treasury application.
No training of your IT department is needed to install the application and manage the database and there is
no need to schedule upgrades with your outsourced IT department its all provided by your vendor.
Assessing the vendor relationship during selection

One area that seems to be most in need of improvement centers on the support given to existing customers and control over
apparent development costs. Whether this is due to system providers focusing on new clients to drive revenue or customizing
existing developed solutions is unclear; however, it has become a constant source of frustration with many treasury departments.
If you have a good working relationship with a high level of support from your TMS vendor, it is most likely that you are a large
company with a large budget or you have a highly dedicated vendor.
An important part of the selection process must focus on selecting a vendor that will offer the most rewarding client relationship
package. In addition to assessing system capabilities, there is a need to view the commercial risks and the financial stability of
the TMS provider, as well as the possibility of it being acquired and/or its TMS no longer being supported. Moreover, how much
emphasis the vendor puts on after-the-sale customer support is also a question that requires affirmation during the selection
process.
What else can the system vendor do for you? This is what used to be called the soft factor. Good examples of these soft
factors are implementation support and the fact that the vendor may also allocate development time (via invoices) on existing
customers, instead of focusing mainly on new business to drive revenue growth. The vendor may offer extended support once
you go live on the system as your team transitions to its new roles. You may also expect your system vendor to have a vision
on, and a solution for, the latest treasury business developments. Finally, you may expect from your system vendor that system
developments are not only focused on enhancing the core system, but also focused on enhancing the integration with other
systems in your organization.
Assessing the vendor implementation and post-sales support

Some of the distinguishing features of a successful implementation are the level of engagement on implementation by the
treasury team and the vendor as well as the quality of implementation resources available. However, resources are always
stretched, especially during the recent challenges in the financial markets. Companies seconding resources are often a critical
factor in achieving a smooth and successful implementation project, but what level of resources and implementation support are
offered by the vendor and are they independent enough to help ensure a smooth implementation?
Often, if vendor information is reviewed during the selection process, it is mostly the financial stability and the geographical
location that are assessed. Vendors understand that it is the client who is the least experienced and, therefore, this has caused
conscientious vendors to redesign their implementation approach. The best way to shorten implementation time and effort is to
leave out choices. Choices need decisions and decisions need time. Therefore, some vendors have decided to sell their system
with an industry-standard parameter set. This is based on the size of the treasury, the position in the organization, the strategic
goals, the complexity of the instruments, the transaction volume and the size of risk positions. The benefit is mutual. If your
treasury is organized according to industry standards, the system can be implemented quickly because many choices have
already been defined that allow you to achieve go live in half of the time usually needed for a full-scope implementation. In
this regard, the vendor is more or less assured of a well-defined project with minimal risks. However, making educated choices
is of paramount importance in implementing a TMS that offers your organization the power to drive through efficiencies and
improvements in the way your treasury thinks and manages its cash, funding and risks.
Conclusion
In assessing the differentiators of a TMS, companies should consider not only their critical business requirements, but also
whether the solution can adapt to your changing business environment, the cost-effectiveness of establishing integration points,
the most beneficial software delivery model and a careful assessment of the vendor before, during and after implementation.
Chapter 3: Ernst & Youngs treasury system selection

and implementation approach
Background
When we work with clients to replace their current treasury management systems, there is usually a fair amount of disenchantment
with the clients present system or the realization that the system has served its useful life. The reasons for the disappointment vary,
from realization that the system was not a good fit, or that it was a poor implementation of a good system, or that the system is
incompatible or unstable in their environment. However, the underlying theme appears to be a lack of clear expectations. To avoid
this, companies should take a more pragmatic approach to system selection to help ensure the best system fit. In our experience,
successful projects manage expectations by thoroughly assessing business requirements, focusing on project management during
selection and implementation, and considering the capabilities and capacity of the chosen vendor.
Ernst & Young Treasury Services has extensive experience in selecting and implementing treasury management packages.
Ernst & Youngs approach is largely based on experience in assisting clients in selecting and implementing a variety of treasury
systems, as well as our industry knowledge of treasury management. Based on Ernst & Youngs experience with the various
vendors and an up-to-date understanding of the market and developments, Ernst & Young can help shorten the system selection
procedure and assist in its successful implementation1.
A key element in the Ernst & Young approach is a thorough and detailed understanding of your business processes and the
definition of business requirements. However, technological and data opportunities and restraints should never be ignored in
the search for the system solution. Therefore, Ernst & Young can also provide technical knowledge that is both conceptual and
practical so that appropriate technological solutions are considered.
The overall goal of Ernst & Young is to support the client in selecting the most appropriate treasury management solution
to meet its defined business requirements and to support clients during their implementation of their chosen solution.
Implementation is seen as a separate phase from the selection process, as it depends to a large extent on the vendor and the
package chosen. For the various treasury management packages, tailored implementation processes have been developed by
Ernst & Young, the vendors or other consultants. To avoid making any decisions in the selection phase that might negatively
affect the implementation, Ernst & Young firmly believes that any selection project should be approached as the preparation
to implementation.
Treasury systems selection and implementation services are subject to Ernst & Youngs client and engagement acceptance procedures.
Project start-up and planning

Before starting a project, a project plan should be drafted. This plan should contain a description of the resources required, a
clear timetable with deadlines and work-products and the responsibilities of each project member. Furthermore, it is important
that the project management is in place before the project gets under way.
Phase 1: Strategic framework and requirements specification

The first step Ernst & Young takes in the selection process is to carry out an assessment to identify the clients strategic
framework. The strategic framework provides the necessary setting for the treasury management system. Taking or confirming
previous decisions on strategy, overall business processes, organization and system philosophy lays the foundation for the
requirements specification. The importance of this phase is often forgotten or considered irrelevant to the system selection.
If this phase is omitted, however, the project runs the risk of being based on the wrong assumptions, which could result in
fundamental and costly revisions late in the selection or implementation phases. Simultaneously, the treasury management
processes, methods and techniques used are reviewed and compared with market practice.
Phase 0
Project plan system selection
Project start
and planning
Strategic scope
Review:
RFI
Phase 1
Determine
selection
criteria
Motivated long list
RFI
Make long list
Send, receive and assess RFI
Phase 2
Dene test
agenda
Analyze system integration
RFI = Request for information
Figure 1: System selection project plan
Test agenda
Demos
EY systems
knowledge base
= Deliverable
Motivated short list
Final
report
Final report with

recommendations
Implementation/
integration
Duration
Key considerations on requirements at this stage may typically include:
Accounting standards in hedge designations and valuations

Customized reporting tools
Cash management benefits and multilateral netting opportunities
Forecasting tools
Real time limit monitoring and risk management
Security
Robust interfaces with banking platforms, trading systems, accounting packages and market information sources
TMS limitations and flexibility toward the changing needs of the business
The requirements specification describes the organizations requirements for the future TMS. The requirements specification is
used as the basis for the Request for information (RFI), sometimes called a vendor questionnaire.
Phase 1: Strategic scope and requirement specification
Determine selection criteria

RFI
Formulate and draw down RFI
Motivated long list
Determine long list

S
Send, receive & assess RFI
Dene test agenda
Motivated short list
Test agenda
S
= Deliverable
S
Duration
= Steering Committee meeting
Figure 2: Strategic framework and requirements specification
In Ernst & Youngs view, it is not advisable to start this phase by sending out a Request for Proposal (RFP). The contractual
complexity of an RFP undermines the goal of this phase of the selection process, which is to gather information about the vendor
and the functional and technical specifications of the system.
Instead of the usual long list detailing a large number of suppliers who are asked to complete an RFI, Ernst & Youngs approach
is to propose four to six packages based on objective criteria and business requirements and agreed to by the client. A tailormade questionnaire of business requirements geared to the complexity of the clients wishes and needs is sent to the shortlisted vendors. The specificity of the questions enables a rapid analysis of the responses. Based on the weighting of the various
questions in the RFI and scores for the vendors answers, the responses to the RFI can be quantified, providing the client with a
reasonably objective ranking of the vendors and their systems.
Phase 2: Workshops and final system selection

During the system selection phase, the best and second-best choices of treasury management system and vendor candidate are
identified. Two or three vendors that score best in the RFI phase are invited by the client to demonstrate their systems during a
two-day workshop. The vendors receive a detailed workshop agenda with the invitation from the client and some examples of
client-specific transactions or processes. The client and Ernst & Young will score the vendor demonstrations. These scores are
compiled and compared to the RFI scores to illuminate the systems functionality and which system best meets the clients stated
business needs. At the end of this phase, the client should know with some degree of certainty what their final choice of system
and vendor will be. Their choice is supported through a combination of analyzing the results of the RFI and the demonstration of
the vendors systems during the workshops.
Phase 2: Workshops and final system selection
Demo I
Demo II
Demo III
Evaluation
Write report of
recommendations
Final report of
recommendations
To analyze system integration
S
Duration
= Deliverable
= Steering Committee meeting
Figure 3: Workshops and final system selection

After the system is selected by the client, the next step is the contract negotiations. The importance of these negotiations should
not be underestimated, as the selected system may be operational for a period of 5 to 10 years. It is also important that the
contract with the vendor reflects not only pricing, but the level of commitment to be given by both parties, such as frequency of
upgrades or patches to core system and level and length of support given to existing versions of the TMS package. During this
phase, the implementation plan is drawn up. This plan should form part of the contract.
10
Phase 3: Integration
Few projects will place as much burden on treasury, compliance and treasury accounting as a TMS implementation. Although
much is written about how critical project sponsorship can be; a lack of project ownership can have disastrous results.
Without well-defined, documented and understood business needs, the project will languish because other business critical
initiatives will always take precedence. The best project managers we have observed bring a number of skills to the table. The
project management methodology is in itself important, but an understanding of treasury practices, the companys business and
treasury systems is crucial.
Another critical success factor we have observed in successful projects is the willingness of companies to deploy (or hire)
participative engaged thinking resources to the project. These visionary users, through treasury and system knowledge, ask
What if ?, How about this approach ... ? or Wouldnt it be great value add if ? A good project manager will know when
these resources generate an inspired solution that warrants a scope change.
During the hectic and sometimes rocky period of implementing the selected package, the client is confronted with various
anxiety-inducing issues that can only be resolved with the aid of specialists in business consulting, implementation consulting,
often provided by the vendor, and technical advice. Advisors can assist and guide management through the system selection and
implementation. Once the vendor has been selected, an experienced and knowledgeable implementation advisor is key to the
projects success.
Phase 3: Integration process

Technical
installation
Countries
Limits
Dealers
Implementation
planning
Currencies
Parties
Static data
conversion
Rates
Settlement
Locations
Structure
Instruments
Accounts
Parallel run
Portfolios
Banking
interface
Market data
interface
Accounting
interface
Training
Live data
conversion
Reporting
Security
Figure 4: Integration process
11
Ernst & Young offers business advisory services and a strategic approach to automating financial processes. Given its strategic
vision of the entire financial process, Ernst & Young can advise and support the client in the integration of the selected package in
the organization as a whole. As part of this process, the new working methods that the client wishes to introduce are incorporated
into the configuration of the package, including report definition, interface configuration, system security and employee training,
among others.
Proposed integrated project team

Steering Committee
Project managers
Business
architects
IT architects
Integration
process
Financial
engineers
Internal auditors
Risk
management
Valuation
Subject matter
experts
Accounting
Performance
measurement
Systems
Internet
Market data
STP
Figure 5: Ernst & Young resources for integration

Software implementation forms part of the system integration process performed by Ernst & Young at the clients organization.
Hence, both Ernst & Young and the client have key roles to play during the implementation.
Many things can go wrong during a system implementation from interfacing to basic functionality, from large show-stopping
issues to short-term workarounds and from individual instrument calculation to portfolio limit management and measurement.
Therefore, Ernst & Young provides an experienced project leader who, together with an internal project leader at the client,
plays a key role in the project and reports to the Steering Committee. Ernst & Young provides support in resolving issues, which
invariably arise during the integration process, and helps to identify blockers quickly and facilitate their removal.
Ernst & Youngs international organization has subject matter resources available in all areas of treasury management system
selection and integration.
12
Chapter 4: Vendor profiles

The following vendors (responding vendors) completed questionnaires provided in October 2012 by Ernst & Young relating to
their products. Ernst & Young has not verified or substantiated any of the information provided by the vendors any of which could
be materially inaccurate or misleading and does not in any way endorse or promote any products or services provided by these or
any other vendors. Any opinions expressed are those of the vendors and not of Ernst & Young.
Bellin......................................................................14
Exalog ....................................................................16
GTreasury...............................................................18
Hanse Orga.............................................................20
IT2..........................................................................22
Kyriba.....................................................................24
MCC........................................................................26
Misys .....................................................................28
Openlink .................................................................30
Oracle.....................................................................32
Reval......................................................................34
SAP .......................................................................36
Sungard..................................................................38
Technosis................................................................40
Trinity ....................................................................42
13
Bellin
Companys history
Founding date
Home country
Number of staff
Main evolutions
1998
Germany
62
Founded by Martin
Bellin in Germany, has
now expanded in other
European countries and
North America.
Name
Phone
Fax
Email
Stefan Obenauer
+ 49 7822 4460 302
+ 49 7822 4460 105
stefan.obenauer@bellin.de
Contact details
Financials as of 2011
Ownership
Sales revenue
Net profit
Privately owned
Not specified
Not specified
Solution implementation
Introduced first version
1998
Last version release
2009
System name
tm5
Implementation
Other solutions
>200
Not specified
14
Verbatim
Question
Comments
Please provide a brief description of the

company and your solutions
Bellin GmbH was founded in 1998 by Martin Bellin, a professional treasurer who had been working
as head of treasury for more than 10 years before he started the company. Bellin is the market
leader for TMS in the German speaking countries (DACH) and has, in recent years, expanded into
other European countries (Benelux, Nordics, France and UK) as well as North America.
Customers are served from the Bellin HQ in Ettenheim, Germany, its subsidiary in Vancouver,
Canada, and several partner companies in the above-mentioned markets.
The company is privately owned by Martin Bellin.
tm5 is the Bellin solution from treasurers for treasurers. We rely on internal as well as external
treasury experts for input on future developments in order to be as practical as possible. Bellin
also puts a high focus on integrating core treasury-related tools in the most efficient way. This
includes, among others, a multicountry and multibank capable payment factory, which is at the
leading edge, as several industry awards in the past few years have shown.
In your opinion, what are the most

important general developments in
treasury software?
A very important aspect is a web-based technology, which tm5 offered from its very beginning.
Bellin trademarked the LOADBALANCEDTREASURY concept, which states that work should be
done where it originates, e.g., all relevant data is entered by the group companies themselves
instead of group treasury compiling all data. Once data is entered, it is immediately available for
reporting, hence providing up-to-date information at the treasurers fingertips.
Also, the integration of bank connectivity is a subject of high demand, where Bellin is a leading
TMS provider with award-winning solutions.
What are the future development plans and

strategy of your company?
Bellin has become a worldwide provider of TMS, not only with regard to group companies,
but also adding group treasury departments as direct customers in European and American
markets. We will continue this worldwide expansion through our partner network.
With Bellin Backstage, we provide a treasury networking and training platform for tm5 users
worldwide.
What are the advantages of your system,

compared with other systems in the
same category?
tm5 offers the complete integration and straight-through processing (STP) of the essential
treasury tools and activities into one web-based application. STP includes, e.g., deal
management, liquidity planning, settlement through payments using the integrated payment
factory and comparison of planned with actual cash flows.
15
Exalog
Companys history
Founding date
Home country
Number of staff
Main evolutions
1984
France
53
Purchased in 1994 by
Jacques Lafarge and
expanded globally,
starting 2007.
Name
Phone
Fax
Email
Thierry Cohen
+ 33 1 4146 1002
Not specified
thierry.cohen@exalog.com
Contact details
Ownership
Sales revenue
Net profit
Main shareholder: Jacques Lafarge
3.9m
Profitability: 453,000
2000
2012
System name
Allmybanks.net
Implementation
Other solutions
89
Bank X
16
Exabanque.net
Direct-debits.net
Verbatim
Question
Comments

Created in 1984, exalog is specialized in treasury management and electronic banking

(certified SWIFT Service Bureau). It provides web-based cash management applications directly
to companies (B2B) and to banks (white labelling model).
More than 10,000 companies with 20,000 users in 47 countries connect, daily,
to exalogs systems.
We provide 5,168 corporates with technical assistance from Europe (Paris and Madrid),
United States (New York City) and Asia (Phnom Penh) in English, French, Spanish and Chinese.
We have three main cash management solutions:
Allmybanks.net: Worldwide TMS
Exabanque.net: Application for French companies
Direct-debits.net: Solution to manage SEPA direct debits
We also offer seven European banks white-labeled applications dedicated to their own
corporate customers.
treasury software?
Saas Mode (no technical requirements)

Straight through processing (STP)
In-house banking
Netting/Payment factory
Electronic Bank Account Management

Our strategy is based on innovation and worldwide development.

same category?
Single sign-on offering: All elements are packaged together: treasury system, bank
connectivity, customer support. For bank connectivity, we are in charge of financial transactions
monitoring and follow-up with our customers banks. Our supports expertise in our system
ensures our responsiveness to our customers demands.
Saas mode: This technology allows all parties to cooperate on the same basis (with total
traceability of actions) eradicating the duplication of tasks. The entire group has access to the
same real-time vision (with user rights filters). User-friendly interface.
Autonomy in creating and defining user privileges
Evolutive maintenance: exalog is proactive about its product upgrades and the user community
contributes to the software development making innovation a shared process.
Pricing structure: No rate per user, but per actual volumes.
17
GTreasury
Companys history
Founding date
Home country
Number of staff
Main evolutions
1986
USA
45
GTreasury was among

the first treasury soultion
providers in the late 1980s.
Their products are now
distributed by leading
companies under their own
trade name.
Name
Phone
Fax
Email
Warren Davey
+ 1 403 269 3262
+ 1 403 269 3261
wdavey@gtreasury.com
Contact details
Ownership
Sales revenue
Net profit
Privately owned
Not specified
Not specified
1986
2012
System name
GTreasury
Implementation
Other solutions
100
Not specified
18
Verbatim
Question
Comments

For the past 26 years, GTreasury has provided best-of-breed treasury solutions and services
to banks, corporations, and organizations of all sizes all over the globe. The ONE Enterprise
Platform is a single modular treasury solution containing all GTreasury functionality.
The ONE Enterprise Platform can be installed locally or hosted in the cloud. Clients can pick and
choose what functionality they require and add-on as or where needed at any time.

treasury software?
Over the past several years there has been an acceptance of cloud computing in treasury.
Todays cloud solutions are much easier to purchase, configure and maintain than the
historically large install projects of the past. Due to this trend, treasury users are becoming more
demanding of enhanced workflow, risk avoidance and ultimately enriched information. Treasury
software started as a data collection hub and through the years has morphed and will continue
to evolve into more of a decision support tool.

GTreasury has always and will continue to be a pioneer in the development of treasury
solutions. Our corporate philosophy has always been to develop solutions for our clients needs
and offer them to the industry. Core concepts in GTreasurys future development plans revolve
around enhanced workflows for e based automation of treasury data (eBAM, eStatements,
etc.) and continuous improvements in decision support tools focused on turning this data into
actionable treasury information.

same category?
GTreasurys ONE Enterprise Platform is the only system in the industry which can be installed at
the client site or hosted completely in the cloud thus catering to two distinctly different markets.
GTreasurys Worksheetsare also a one of a kind decision support tool that allows users the ability
to track, monitor and report on all treasury related activities in a simple to use consolidated
format. GTreasurys 26 years of single platform development translates into the most
functionally rich solution whose inner workings all interoperate seamlessly with one another.
19
Hanse Orga
Companys history
Founding date
Home country
Number of staff
Main evolutions
1984
Germany
158
Not specified
Name
Phone
Fax
Email
Bart Parren
+ 49 40 514 8080
+ 49 40 514 808 188
b.parren@hanseorga.de
Contact details
Ownership
Sales revenue
Net profit
Family owned
Not specified
Not specified
2005
2012
System name
FinanceSuite
Implementation
Other solutions
>500
AutoBank Next generation
20
Moneta Next generation
Verbatim
Question
Comments

Hanse Orga AG specializes in SAP-integrated software solutions that help medium-sized and
large corporates to improve their financial supply chain management significantly. We are a SAP
solution partner and our products are certified by SAP as FinanceSuite 4.3. With over 150
dedicated employees and more than 500 customers worldwide, we count among the largest
European treasury providers.
The FinanceSuite comprises five modules that can be flexibly combined with each other: AutoBank
Automatic Cash Application, Cash and Liquidity Management, Payment Management, Treasury
Management and eBAM (electronic Bank Account Management). Intelligent features ensure
automated processes, significant savings in terms of costs and time, and full compliance.

treasury software?
The integration of processes within the financial supply chain, and therefore integration of ERP
data into treasury.
Further automation of paper processes: bank account management, bank fee calculations and
dispute processes.
Further centralization of processes, e.g., payment and receivables factories.

To bolster integrability of available functionalities;

to address challenges from changing treasury environment and responsibilities; and to enhance
user friendliness.

same category?
Integration within SAP:

No double hardware and software
Automatically benefiting from IT investments (backup and restore, resilience, etc.)
Usage of SAP functions as a technical framework: integration with Microsoft Office, user
security, job scheduling, user interface, etc.

Automatic integration of business data from the ERP into treasury (forecasts, exposures)
Automatic accounting for treasury actions (financial transactions, payments, treasury payments)
21
IT2
Companys history
Founding date
Home country
Number of staff
Main evolutions
1983
UK
132
IT2 Treasury Solutions Ltd.

is a single-product treasury
technology provider,
with a long history of
success. The IT2 systems
predecessor, International
Treasurer, was released in
1983. IT2 for Windows was
first released in 1996. IT2
has been 100% owned by
CapMan Plc (www.capman.
com) since July 2007.
Name
Phone
Fax
Email
Patrick Coleman
+ 44 20 8741 3553
+ 44 20 8741 5175
patrick.coleman@it2tms.com
Contact details
Ownership
Sales revenue
Net profit
100% owned by Capman Plc
13.2m
EBIT: 1.98m
1996
2012
System name
IT2
Implementation
Other solutions
282
Not specified
22
Verbatim
Question
Comments

IT2 Treasury Solutions is a leading provider of treasury management software to corporate

treasuries and financial institutions. IT2 is strategically committed to be a specialist treasury
solutions provider.
IT2 is a fully integrated best practice solution that supports treasury in its entirety, fulfilling cash,
in-house bank, payment factory, debt and investment, financial risk, treasury accounting and
hedge accounting requirements. Founded in 1982, the company is located in New York, London,
Hong Kong, Paris, Copenhagen and Amsterdam, serving more than 270 customers worldwide.
IT2 believes that treasury professionals deserve not only total visibility into their cash positions
and financial risks, but also complete transparency into their treasury policy, operational
workflows, key controls and performance measurements. All these features are essential for
securing compliance with the regulations, standards and policies by which treasury is governed
and they are essential for demonstrating the value of treasury to the rest of the business, to
management, and to external stakeholders such as investors.
IT2 firmly believes that treasury teams need and deserve a much higher quality of support than
is provided by traditional treasury technologies especially as the treasury industry is now under
increasing pressure, being expected to achieve more, despite resource and budgetary constraints.

treasury software?
IT2 views the most important recent developments in treasury software to be:
The full integration of best practice treasury business processes within the treasury function.
Treasury business intelligence: the capability to provide increased accountability to senior
management and stakeholders through faster and better visibility of cash and risk exposures.
Making the most effective use of funding facilities and entire banking relationships.
The emergence of advanced treasury risk management counterparty, market and
operational.
Measuring results through KPIs for objective compliance optimization, and to support
continuous improvement in the treasury function.

The emergence of eBAM.

At the strategic level, IT2 remains totally committed to a single, functionally complete TMS that
is continually improved based on feedback from our customer base and the marketplace.
The roadmap for IT2 is dynamic, and reflects todays business priorities of the global treasury
industry. It is determined in consultation with a user group of 350 client professionals from both
corporates and financial institutions, from Europe, North America and Asia Pacific.

same category?
IT2s process-oriented architecture is revolutionary, in enabling best practice treasury

workflows, as opposed to older approaches simply based on deal types. IT2 includes a library
of hundreds of self-documenting treasury processes embodying audit-friendly treasury best
practice and offering SWIFT and secure implementation.
IT2 is a single, fully functional, fully integrated system covering all domains of treasury activity.
Advanced functionality, for example for risk management, collateral management, hedge accounting
or eBAM, have been developed and are available as integral system components.
IT2 is an up-to-date system from a vendor that is securely committed to software innovation,
service excellence and treasury expertise.
23
Kyriba
Companys history
Founding date
Home country
Number of staff
Main evolutions
2000
USA
Not specified
In May 2008, Kyriba

raised US$7m to finance
its accelerating growth
and received new funding
subscribed by its current
shareholders and by
Coface, a new investor.
In October 2010, Kyriba
announced that it has
secured US$10.6m in
growth financing.
Name
Phone
Fax
Email
Emmanuel Quentin
+ 33 1 7792 1717
+ 33 1 7792 1711
equentin@kyriba.com
Contact details
Ownership
Sales revenue
Net profit
100% by Kyribia Corp
Not specified
Not specified
2001
2011
System name
KyribiaTI
Implementation
Other solutions
600
Not specified
24
Verbatim
Question
Comments

The holding, Kyriba Corp, which is also in charge of the sales development of the application in
Kyriba SEMEA is a fully owned Kyriba Corp subsidiary. Kyriba group is organized as follows:
North America.
Kyriba SAS, fully owned Kyriba Corp subsidiary, in charge of product and platform
development and operating.

Several sales organizations by geographical zone, such as Kyriba SEMEA for the South Europe
and Middle East Asia.

Kyriba was created in 2000.
Our first objective was to propose a web-based cash management solution to the banking
industry for their corporate customers.
At the end of 2003, Kyriba decided to offer its SaaS services directly to corporates and the first
non-banking references were signed during 2003.
At the beginning of 2007, Kyriba received new funding led by BRED Banque Populaire, one of
the leading French banks in the payment industry and an important bank for the SWIFT network.
Over US$14.4m was invested in the oversubscribed round by BRED Banque Populaire and existing
investors, including GRP Partners.
In May 2008, Kyriba raised US$7m to finance its accelerating growth and received new funding
subscribed by its current shareholders and by Coface, a new investor.
In October 2010, Kyriba announced that it has secured US$10.6m in growth financing. The round
was led by Iris Capital, a pan-European growth and late-stage investor, alongside existing investor
BRED Banque Populaire.
Today, Kyriba represents:
A team of 200 people, from which 75 are working in product research and development.
A worldwide presence with offices in France (Paris), Italy, Spain, UK, Brazil, Hong Kong, and
the United States (New York and San Diego).

SaaS Kyriba offer (Software-as-a Service) is based on:
An industry expertise developed in major software providers and consulting firms. This
expertise has been constantly enriched by the addition of new functionalities answering to
market and customer needs.
A well-known expertise in designing and producing new technology solutions, developed in
partnership with major new technology actors.

treasury software?
SWIFT Connectivity
Payment factory/centralization
Global risk management (FX, IR, commodities)
Multi-devices access
Real time access and visibility

Consolidate existing core business/existing topics

Explore new business areas/new topics
Explore new territories with high business potential/new countries
Continue to improve platform capacity through technical development

same category?
The Kyriba platform is the first and only full-web cash management, payments, risk and supply
chain finance solution for groups and their subsidiaries, easily and quickly implemented. Our
solution is very suitable for international groups with centralization projects. We have a great
experience with multi-country projects based on SWIFT Connectivity.
25
MCC
Companys history
Founding date
Home country
Number of staff
Main evolutions
1991
France
30
In 2008, MCC started its

operations in the Treasury
Management Software
area by offering a new and
powerful product: Diapason.
Name
Phone
Fax
Email
Alexandre Bromberg
+ 33 1 4493 2421
Not specified
alexandre.bromberg@mcc-soft.com
Contact details
Ownership
Sales revenue
Net profit
Not specified
Turnover: 2,795,000
Not specified
2008
2012
System name
Diapason
Implementation
Other solutions
16
Not specified
26
Verbatim
Question
Comments

MCC software is a 20 years old company that began in the area of financial systems integration,
mainly with white labeled products. In 2008 MCC started its operations in the Treasury
Management Software area by offering a new and powerful product, Diapason, that perfectly
fits in a context of globalization of financial risks, emergence of new technologies and increasing
market standardization.
Thanks to Diapason, treasurers make the choice of a flexible and scalable New Generation
Treasury Management System. Diapason has the ability to quickly meet with a constantly
changing environment and to easily deploy the functional components according to regulatory
changes, to scope extensions, and to a growing demand for decision support tools, while
capitalizing on the organization and existing systems that have proven their worth.

treasury software?
Treasury Software has entered in the web age and the hybrid platforms composed of a central
solution combined with a web portal are becoming obsolete.
Technological platforms have to implement, in an integrated and modular way, the answers to
treasurers concerns (globalization, risks, efficiency ). Beyond the usual features, treasury
solutions have to allow managers to set their own level of treasury centralization.
A disruptive feature of Diapason is the embedding in Diapason of a business process
management engine. This provides the ability to automate and secure processes in a very
flexible, simple and powerful manner.

Diapason will focus its future developments on the following functionalities, in order to improve
its coverage of the treasury value chain:
Payment factory improvements
Trade finance
Bond issues
Derivatives perimeter extension
Collateralization
Diapason has become, in a few years, an essential solution for the global corporate treasuries in
the French market, taking 20% of Euronexts Paris stock market index CAC 40.MCC strategy is to
expand its operations first in Europe and then wider.
same category?
Diapason relies on a disruptive technological platform embedding a business process

management engine that allows process implementation with a great level of flexibility, in a
simple and powerful manner. Furthermore, the system has been designed recently by a skilled
team cooperating with some expert global corporations, taking in account the impact of the
globalization of corporate treasuries and of increased risks aversion.
27
Misys
Companys history
Founding date
Home country
Number of staff
Main evolutions
1979
UK
>4000
Misys was formed by the

merger of Misys with Turaz,
which includes the awardwinning Kondor+ product line.
Name
Phone
Fax
Email
Edward Taylor
+ 44 20 3320 5530
Not specified
edward.taylor@misys.com
Contact details
Ownership
Sales revenue
Net profit
Not specified
Not specified
Not specified
1992
2012
System name
Kondor Trade Processing (KTP)
Implementation
Other solutions
210
Kondor+
28
Misys Global Risk

(MGR)
Opics Plus
Verbatim
Question
Comments

Misys is at the forefront of the financial software industry, providing the broadest portfolio of
banking, treasury, trading and risk solutions available on the market. With 1,800 customers in
120 countries, our team of domain experts and partners have an unparalleled ability to address
industry requirements at both a global and local level. Misys was formed by the merger of Misys
with Turaz, which includes the award-winning Kondor+ product line. Combined, they are able to
address all customer requirements across both the banking and trading book businesses. Misys
is the trusted partner that financial services organizations turn to for help solving their most
complex problems.

treasury software?
Cash flow efficiency (working capital management) and access to liquidity is key.
Increased demand for risk management (what-if scenarios) and capital preservation.
Increased demand for bank connectivity through SWIFT.
From day-to-day cash flow management to a center of expertise providing the necessary
insight to make business decisions.

Leveraging the combined strength and capability of both Misys and Turaz, the new Misys
combined company provides solutions to meet the banking and capital markets software needs
of financial institutions in every segment, market, tier and geography. Protect Misys customers
investment in existing Misys and Turaz solutions; existing roadmap investments continue to
push forward including OTC clearing, CVA, Delta One etc. Extend the value of our customers
existing investments by providing seamless integration across silos e.g., reduce distribution
costs via e-trading, provide global risk and P&L dashboard capabilities, reduce collateral costs
via optimization, also extend enterprise capabilities with Misys Global risk. Minimizing TCO
is a key strategy involving functional and technical coherence e.g., common user experience
and workflow, shared pricing libraries and data models-Innovate Evolve Misys toward next
generation banking and capital markets solutions. Leverage the intellectual property and
talent of our combined teams to innovate. Focus on next-generation functional and technical
capabilities. Our goal will be to meet customers requirements for new business models, risk
control, regulatory compliance and reduced total cost of ownership.

same category?
Fully integrated solution for corporates

Cash and deal management for central treasury and subs in one system
Proven solution worldwide customer base of more than 210 named customers
Regional to global customer experience
True flexible and open system
29
Openlink
Companys history
Founding date
Home country
Number of staff
Main evolutions
USA
798
Not specified
Name
Phone
Fax
Email
Richard Childes
+ 44 20 7382 1929
+ 44 20 7382 1989
richard.childes@openlink.com
Contact details
Ownership
Sales revenue
Net profit
Owned by Hellman and

Friedman, and employees
US$62.42m
US$11.51m
1994
2011
System name
Findur
Implementation
Other solutions
140
Solarc RightAngle
30
dbc SMARTsoft
Verbatim
Question
Comments

Openlinks solution for corporations offers an incredibly wide array of features in a single
integrated platform. It has been designed and developed to help treasurers maximize efficiency,
streamline business processes, minimize operational risk and help reduce internal and external
costs. Openlink provides front-to-back straight-through-processing with easy access to all
transaction lifecycle events and critical decision-making information.
These features support all aspects of dealing and hedging, cash and liquidity management,
risk management, accounting and reporting. Our solution offers the most rigorous transaction
processing support and analytical capabilities in the treasury management system market.
Our broad asset class coverage includes forecasting (cash, commodities, FX), foreign exchange
(vanilla and exotics), debt and capital markets, in-house banking and bank connectivity, credit
and market risk, real-time position reporting (including risk measures), visual workflow creation
and management, commodities and emissions management.
Openlinks diverse client portfolio covers more than 540 institutions, including automotive,
banks, commodity and energy companies, insurance companies, pensions, manufacturing,
metals, shipping, travel and tourism, hedge funds and proprietary trading firms. Headquartered
on Long Island, New York, our 1,300plus staff is situated in 14 regional offices globally.

treasury software?
Risk management: traditionally treasuries mitigated market risk by focusing on interest rates
and FX. Over the last decade commodities have exhibited the greatest volatility. There has been
a movement to better integrate the treasury and procurement departments in order to manage
risk more efficiently at the supply chain level.
The ability to accurately value vanilla and complex derivatives including CVAs.
Technology: corporates typically have functionality spread across an array of systems utilizing
non-conforming technologies. There is a significant need for better integration (especially
consolidated payments and enterprise risk reports), including the standardization of interfaces
based on XML.

The collateral management module was recently enhanced to address complete lifecycle
requirements (legal agreements, mark-to-market of referenced deals, thresholds, haircuts,
pledge/title transfer (proper coupon payout treatment), inventory, reporting and reconciliation).
Hedge analysis/hedge accounting is another are we are focused on. We recently released a suite
of standard reports (Hedge Effectiveness, FAS 157 Roll Forward, OCI Roll Forward, Schedule
DB, MTM by Counterparty, MTM by Legal Entity). We are focused on supporting upcoming and
evolving regulatory mandates, such as Dodd Frank (central clearing of OTC derivatives).

same category?
Openlinks TMS provides customers with the solution that they want, not that prescribed by
more traditional treasury systems.
Openlinks visual workflow building tools enable corporations to implement the very processes
they require, ensuring all deals are processed front-to-back office through the inherent STP.
Openlinks ability to handle all asset classes from traditional treasury products to complex
financial derivatives, and financial and physical commodities, from deal execution through to
accounting, means the treasury team can focus on the industrys best risk analytics to make
better decisions and drive value in the business.
31
Oracle
Companys history
Founding date
Home country
Number of staff
Main evolutions
Not specified
US
Not specified
In recent years, billions of

dollars had been invested
to acquire a number of
complementary companies,
products, services
and technologies. New
acquisition are expected.
Name
Phone
Fax
Email
Amrita Mehrok
(for Oracle Treasury)
+ 1 650 506 4425
Not specified
amrita.mehrok@oracle.com
Deepa Saoji
(for PeopleSoft)
+ 1 925 694 4307
+ 1 650 506 4679
deepa.saoji@oracle.com
Contact details
Ownership
Sales revenue
Net profit
Not specified
US$23b
Operating income: US$8.3b
A Oracle Treasury
2000
2009
System name
Oracle Treasury
Implementation
Not specified
B PeopleSoft
1998
2009
System name
PeopleSoft
Implementation
Not specified
32
Verbatim
Question
Comments

Oracle is one of the worlds largest software and technology companies, with operations and
customers around the globe. Oracles Financial Management solutions are designed to help
our customers address todays challenges and to support their organizations operations and
growth objectives. Treasury staffs are typically small in number, while they manage large sums
and potential risks. They require systems that provide better information, with intelligent use of
automation and straight-through-processing of routine tasks, when and where possible.
Treasury organizations must have real-time visibility into their domestic (and global) cash
position to accurately forecast cash requirements, and to quickly determine necessary transfers,
investments or borrowing needs. Oracle Cash Management provides Cash Positioning and
Forecasting tools, perform automated bank reconciliations, distribute payments efficiently and
securely, and automatically generate accounting entries.
Oracles Treasury Management Solutions provide robust front, middle and back-office
functionality. You can choose from a wide variety of securities instruments and other tools to
help manage liquidity, interest rate and foreign exchange risk. Whether you want to forecast
cash balances, identify enterprise wide currency exposures or analyze investment and debt
portfolios, the Oracle solutions provide a fully integrated design for vastly improved visibility and
ease of use.

treasury software?
As discussed above, Treasury departments are leanly staffed and appreciate the new
generation of software solutions due to their vastly improved user-interfaces and navigation.
Greater use of role based dashboards where more processes are automated and use of
collaboration tools is encouraged. More powerful analytics and contextual reporting with
embedded analytics when and where it makes sense. And more streamlined communications
with banking and other financial services providers through direct connections to networks like
SWIFT or the popular Trading Portals.

Not specified

same category?
The key advantages of the Oracle Treasury Solutions come from the integrated design and
the overall stability and strength of Oracle as a partner. Treasury departments can no longer
afford to operate as a separate island from the rest of the organization It is far too important
for todays Treasury to have the complete view of enterprise cash balances, current and future
cash flows, intercompany funding requirements, investment, debt and currency positions and
exposures for risk management purposes. Creating this level of visibility is very costly to build
and maintain when it is not delivered as part of the base solution. This goes beyond the standard
G/L interface. Due to its size, Oracle invests billions of dollars each year in their financial
solutions and should be considered a viable option in any evaluation.
33
Reval
Companys history
Founding date
Home country
Number of staff
Main evolutions
1999
USA
389
In 2009, Reval acquired its

major US rival (FXPress)
and in the austrian solution
provider (Ecofinance), the
largest and leading TMS
solution in the Central
Europe market.
Name
Phone
Fax
Email
Brendan Nel
+ 43 316 908 030 557
Not specified
brendan.nel@reval.com
Contact details
Ownership
Sales revenue
Net profit
Privately owned
Not specified
Not specified
2001
2012
System name
Reval Saas
Implementation
Other solutions
492
Reval Installed
34
Reval Center
Verbatim
Question
Comments

Revals solution for treasury and risk management delivers deep and broad visibility into cash,
liquidity and financial risk, all on one platform.
By combining innovation with expertise, Reval automates and improves front-to-back office
operational efficiency and increases security, control and compliance to allow treasury to perform
optimally and nimbly and with the strategic long-term vision a shifting global economy requires.

treasury software?
Over the past few years, corporate treasury has been put in the spotlight due to a myriad of
market factors. In order to manage this new reality, treasury is turning to treasury technology
and software. These include:
1. All-in-One: treasury is looking at providers that can provide the full suite of cash management,
liquidity, financial risk management and compliance management capabilities.
2. Risk and Compliance Management: treasury are demanding tools that offer scalability into
financial (FX, IR, commodities) risk management, liquidity risk management, counterparty risk
management and accounting and compliance management.
3. Optimized Cash Management Structures: treasury continues to accelerate the adoption of
optimized cash management structures and is looking for technology to assist in the deployment.

Reval allows our clients to gain total visibility into their organizations financial positions by
strategically managing cash, liquidity and risk globally, through Revals single solution for
treasury and risk management. We aim to continue to develop our platform to align with the
challenges of the Treasury marketplace. Some of our strategic plans include:
Continue our industry-leading position in financial risk management and compliance.
Develop next generation capabilities within treasury dashboards, treasury KPIs (key
performance indicators) and mobile treasury access.

Enhance proactive oversight of treasury through real-time alert management.
Remain committed to enhancements in usability and intuitiveness so our clients can easily
leverage our capabilities.

same category?
Reval is fully committed to assisting our treasury clients with their most pressing challenges.
Organizations select Reval as their strategic partner for many of the following reasons:
Single solution Reval is 100% committed behind a single platform.
SaaS Reval is uniquely positioned to offer the full spectrum of value of a SaaS deployed platform.
Implementation our methodology and commitment to client success exceeds our competition.
Customer support and relationship management we focus heavily on our clients satisfaction
of Reval as a partner.
Risk management and compliance dominance there is no other platform that can offer the
breadth and depth of capabilities in these two areas.
35
SAP
The SAP logo is a trademark or registered trademark of SAP AG in Germany and several other countries and is reproduced with
the permission of SAP AG.
Companys history
Founding date
Home country
Number of staff
Main evolutions
1972
Germany
48,500
In 1988, SAP GmbH

became SAP AG and issued
1.2 million shares on the
Frankfurt and Stuttgart
stock exchanges. SAP
acquires Business Objects
in 2008.
Name
Phone
Fax
Email
Marc Astor
+ 49 622 774 6824
+ 49 622 735 493
marc.astor@sap.com
Contact details
Ownership
Sales revenue
Net profit
Publicly listed
11.565b
Operating income: 2.840b
1990
2012
System name
SAP Treasury Applications
Implementation
Other solutions
>2000
Business Suite
36
SAP NetWeaver
SAP BusinessObjects
Verbatim
Question
Comments

Forty years ago, SAP AG (NYSE: SAP), now the market leader in enterprise application
software, was founded. What began as a five-man operation is now one of the worlds largest
independent software providers, an employer of more than 55,000 people in over 50 countries,
serving more than 183,000 customers worldwide. Today, three-quarters of the Forbes 500
companies run SAP software.
Our vision is to help the world run better and improve peoples lives. Our mission is to help
every customer become a best run business because we win when our customers win. We have
developed a strategy that spans the following market categories: cloud, mobile, applications,
analytics, and databases and technology.
In our traditional market category, SAP is the undisputed leader in the applications/ERP market,
and we are number one in the analytics and mobile market. With our cloud and database and
technology strategy, we also aim for leadership in these market categories. Applications, analytics,
mobile and cloud are powered by SAP HANA, leveraging our in-memory technology. We offer a
complete suite of applications for treasury, including transaction and risk management, in-house
banking, liquidity and cash management and bank communication management.

treasury software?
Treasury follows the common trends of standardization, automation and harmonization of

IT landscapes to reduce interfaces, interdependencies and complexity and support STP. As
treasury is a very dynamic market with new trends and hot topics nearly every year (currently
liquidity management, cash-flow forecasting, banking communications and commodity
risk management). Increasingly, mobile technology will be used for treasuries and the benefits
of high-speed database access and in-memory computing via SAP HANA will provide additional
analytical insights.

We will keep the focus on the topics mentioned in the answer before (E1), and we will also invest
in support of CGI ISO20022 payments format, continuous innovations with regard to commodity
risk management, mobile applications including for the release of payments, improved
processing of bank statements in SAP cash management, optimized import of bank statements
and in-memory (HANA) based cash forecasting (all non-binding statements).

same category?
We are committed to innovation, real integration, stability, investment protection and,

state-of-the-art functionality. We practice a non-disruptive approach to the inclusion of
new functionality and upgrades, which means that customers can access new functionality
and innovations with greater speed and ease of implementation. We offer depth and breadth
in our treasury portfolio of applications without compromising on quality. Customers can
have confidence in our commitment to long-term development of our finance and treasury
applications. We offer real seamless integration into our ERP suite. Our development resources
and support organization is globally available.
37
Sungard
Companys history
Founding date
Home country
Number of staff
Main evolutions
1983
US
>17,000
Not specified
Name
Phone
Fax
Email
John Garay
+ 1 973 723 1479
+ 1 973 463 1061
john.garay@sungard.com
Contact details
Ownership
Sales revenue
Net profit
SunGard
US$4.49b
Operating income: US$333m
1994
2012
System name
AvantGard Treasury
Implementation
Other solutions
>1,000
AvantGard
Receivables
38
AvantGard
Payments
AvantGard Bank
Communications
AvantGard
Payment
Services
Verbatim
Question
Comments

SunGard is one of the worlds leading software and technology services companies. SunGard
has more than 17,000 employees and serves approximately 25,000 customers in more than 70
countries. SunGard provides software and processing solutions for financial services, education
and the public sector. SunGard also provides disaster recovery services, managed IT services,
information availability consulting services and business continuity management software. With
annual revenue of about US$4.5b, SunGard is the largest privately held software and services
company and was ranked 434 on the Fortune 500 in 2011.
SunGards AvantGard is a leading liquidity and risk management solution for corporations,
insurance companies and the public sector. The AvantGard solution suite includes credit risk
modeling, collections management, treasury risk analysis, cash management, payments system
integration and payments execution delivered directly to corporations or via banking partners.
AvantGard solutions help consolidate data from multiple in-house systems, drive workflow and
provide connectivity to a broad range of trading partners, including banks, SWIFT, credit data
providers, FX platforms, money markets and market data. The technology is supported by a full
range of services, including managed cloud services, treasury operations management, SWIFT
administration, managed bank connectivity, bank on-boarding and vendor enrollment.

treasury software?
Continued automation of operational tasks

Improved risk management
Stronger controls and auditability
Visibility across all treasury activities
Central data repository for all treasury transactions
Improved cash forecasting

1. Core treasury functionality has become (somewhat) commoditized; therefore, AvantGard

has become equally focused on wrapping its TMS with managed and hosted services to
provide a complete solution for the customer all under one roof; this includes not only hosting
the solution, but also managing the application, performing some treasury functions and
managing all bank connectivity.
2. Our TMS solutions will continue to be a core of what SunGard AvantGard offers to
corporations globally. Services around the periphery of the core treasury solution, such as
payments, positioning, forecasting, reconciliations, messaging, hosting and many other
manual repetitive tasks, are a growing solution set that we continue to develop and enhance.
SunGard is committed to the treasury market with our solutions and are committed to invest
in new technologies and services to enhance the user experience of our solutions. Servicing
our customer base is at the core of our growth strategies; from entering into adjacent markets
around bank connectivity to trade receivables, invoice financing, supply chain finance,
payments processing and more the treasurer and the TMS are at the core.

same category?
SunGards AvantGard full suite of treasury solutions addresses the widest range of treasury,
liquidity risk and cash management requirements.
With offices in more than 30 countries, SunGard is uniquely positioned to deliver software and
services to corporate customers throughout the world.
39
Technosis
Companys history
Founding date
Home country
Number of staff
Main evolutions
1992
Germany
34
Not specified
Name
Phone
Fax
Email
Tobias Dittmar
+ 49 40 2190 8970
+ 49 4021 9089 799
t.dittmar@technosis.de
Ownership
Sales revenue
Net profit
Not specified
Not specified
Not specified
Contact details
1995
2012
System name
ATAQ
Implementation
Other solutions
>120
Not specified
40
Verbatim
Question
Comments

Technosis AG offers a standardized TMS solution while providing customized features at the
same time. Our software covers all treasury matters and could be fed by different systems (ERP,
electronic banking, controlling applications).

treasury software?
Further integration of payment functionalities

Enhanced liquidity planning features
Enhanced ERP connection

One-stop solutions from one supplier for complete treasury requirements
More reporting functionalities

Enhanced electronic banking functionalities
Widening of supported deal types

same category?
We offer a complete solution where all products are designed and developed by us.
41
Trinity
Companys history
Founding date
Home country
Number of staff
Main evolutions
1999
Germany
25
Not specified
Name
Phone
Fax
Email
Henning von Tresckow
+ 49 69 951 1170
+ 49 69 9511 1755
tresckow@trinity.de
Contact details
Ownership
Sales revenue
Net profit
Privately owned
Not specified
Not specified
2000
2012
System name
TRINITY-TMS
Implementation
Other solutions
60
Not specified
42
Verbatim
Question
Comments

Trinity Management Systems develops standard treasury management systems for corporates
of any size and industry. The Trinity TMS is focused on cash management, cash flow forecast,
transaction management, guarantee/letter of credit settlement, FX/interest rate risk
management, balance sheet/profit and loss forecasting, CFO reporting. Through a web-based
architecture, Trinity TMS can be used globally and subsidiaries can be included easily.

treasury software?
Total ERP/SAP integration to reduce manual data entry

Total ERP integration of Trinity to reduce manual entry of data
Global web-based usage of the TMS with integration of subsidiaries around the world
IFRS support
Release of a settlement module for letter of credits and guarantees

Release of a module for bank cost analyses
Release of a global information platform for treasury, controlling and accounting
Sophisticated CFO reporting
Support of SEPA payments

same category?
Trinity offers easy-to-use and easy-to-implement TMS.

Trinity can either be installed as a stand-alone TMS or in connection with other TMS solution
(e.g., SAP) for topics such as currency differentiated cash flow forecasting, financial reporting,
deal evaluation.
Trinity E TMS is a browser-based TMS for global usage and easy integration of subsidiaries
through the web.
Within the Trinity TMS platform, a harmonization of treasury, controlling and accounting can be
realized for CFO reporting purposes.
43
44
Chapter 5: Vendor responses

The following presents information provided by the Responding Vendors in response to questionnaires sent by Ernst & Young in
October 2012. It has not been verified or substantiated by Ernst & Young. This information has not been updated and therefore
may not be current. We have presented such information in chart form to facilitate review, but neither the format of the chart
nor the information included therein reflects any endorsement by Ernst & Young of any particular vendor or its products,
or any opinion or conclusion with regard thereto.
Section A: General information regarding the vendor and the system....................................................... 46

Section B: Technical platform hardware................................................................................................ 82
Section C: Functionality.......................................................................................................................... 94

Instrument coverage.............................................................................................................. 94
Position management.......................................................................................................... 102
Confirmation & settlement................................................................................................... 106
Accounting...........................................................................................................................114

Valuation & risk management................................................................................................118
Section D: Functionality regarding reporting......................................................................................... 126

Section E: Other questions................................................................................................................... 130
45
General information regarding the vendor and the systemfrom Bellin to Misys
Company name:
System name:
Bellin GmbH Finanzdienste

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
05 Apr 12
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Section A: General information regarding the vendor and the system

Other systems
Name of other product
N/P
Type of product
N/P
Exabanque.net
% of sales
N/P
27%
N/P
N/P
N/P
Bank-X
N/P
Moneta Next Generation
Type of product
N/P
Web-based cash management

application in white-labeling model
(exalog customizes it for banks that retail
it to their own corporate customers)
N/P
Finance management
% of sales
N/P
26%
N/P
N/P
N/P
Allmybanks.net
N/P
N/P
Type of product
N/P
Treasury workstation
N/P
N/P
% of sales
N/P
21%
N/P
N/P
N/P
Direct-debits.net
N/P
N/P
Type of product
N/P
N/P
N/P
% of sales
N/P
N/P
N/P
Financial transaction management for

French companies
Recurring collection management

(SEPA Direct Debit)
2%
N/P
AutoBank Next Generation
N/P
Automatic cash application
Partner
What other system vendors do
you partner with and what is the
objective of partnership?
1. Various bank communication module

providers: Omikron, IBM, SWIFT provide
access to local bank connectivity.
2. Various trading software providers: 360T,
FXall, Currenex provide interfaces for
importing trade deal information.
3. Erste Bank, Austria provide market data.
4. Misys deal matching software.
5. Vallstein provide bank relationship
management functionality.
Partnership with SWIFT to offer to

customers global bank connectivity.
It has resulted in exalog becoming a
certified SWIFT Service Bureau.
NA
Typically, tm5 is installed in all kind of industries

and not limited to any particular one.
This also holds true for paired solutions.
Exalog solutions are not designed for a

certain industry, but for multinational
corporations.
All of Allmybanks.net customers can
choose between different bank channels
(SWIFT, FTP, EBICS, ) and formats (ISO,
SEPA, MTs, CFONB, AEB, ).
NA
SAP certified partner,

SWIFT partner
Implementation
For which kind of company or in
which industry did you implement
the paired (yours and the
partners solution)
Normally included in the service

24/7 telephone support
Yes
Yes
Yes
No
Online corrections
Yes
Yes
Yes
Yes
Training
Yes
Yes
Yes
Yes
Documentation
Yes
Yes
Yes
Yes
Hosting
Yes
Yes
Yes
No
Warranty
Yes
Yes
Yes
Yes
N/P
N/P
N/P
N/P
Other:
Monitoring
46
IT2 Treasury Solutions Limited
IT2
Kyriba Semea
Cash, Risk and Payment Management
MCC Soft
Diapason
Misys
Misys
Opics Plus
8.0: Reimagine Treasury

Oct 12
11.1
Apr 12
5.2
31 Oct 12
7.0
Oct 12
3.1
04 Apr 12

Other systems
N/P
N/P
N/P
N/P
N/P
N/P
Kondor+
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
TMS Solution and back office solution for banks
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Misys Global Risk (MGR)
Misys Eagleye
N/P
N/P
N/P
Market, Credit and Liquidity Risk management system
Risk Monitoring
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Opics Plus
Misys Opics Risk Plus
N/P
N/P
N/P
Treasury and Capital Markets system
Market and Credit Risk
N/P
N/P
N/P
N/P
N/P
N/P
No partnership
Misys partners with a broad range of world-class

partners, bringing together the collective talent of
the leaders in the marketplace, focused on creating
the integrated, end-to-end solutions our customers
demand. Our partners provide us with greater reach
into the marketplace, greater scale to execute on
customer requirements, and their complementary
skills, solutions and technologies help us deliver
greater depth of value to our customers. They
span technology, solution, platform, consulting,
SI, delivery and sales and all are strategic to our
business. Our customers want to buy complete
solutions and invest in a partnership with their
vendorworking with partners enables Misys
to provide this to our customers. We have deep
relationships with technology companies such as IBM
and Microsoft, whose technology and innovation are
a key part of our products. On the consulting side,
we have strong relationships with a range of, such as
Deloitte and Accenture, and we work closely with a
broad range of systems integrators, such as HCL and
everis. Our solution partners include market leaders
such as Numerix and SmartStream, whose solutions
complement and extend our products.
Microsoft, SAP, HCL,

Digital China, Finantix,
Everis, SmartStream.
N/P
N/P
Banks, Corporates and Insurance companies.
Financial services and

capital market
Trade and Risk Management System for financial

institutions
Misys Global Cash Pooling

Cash pooling
N/P
Misys Confirmation
Matching Service
Confirmation matching
Partner
6. Bank reporting solution providers
(banks, SWIFT, Fides), many bank
and bank independent dealing
portals, confirmation matching
platforms, market data providers,
middleware providers and
business process service providers
(treasury outsourcers).
7. The IT2 Academy trains
implementation and integration
partners, including OpusCapita,
TreasuryOne, Ernst & Young, PwC,
Deloitte, KPMG, Zanders and many more.
Implementation
As typical examples of how IT2 works
with partners:
OpusCapita implemented IT2 for
Swedish retail and foreign exchange
bank, FOREX Bank
KPMG has completed significant IT2
implementation work at SABMiller,
Motability and A. Schulman
PwC has completed IT2
implementation work at Celio
International and Besins Healthcare
IT2s partner in Sub-Saharan
Africa, TreasuryOne, continues to
deliver a steady flow of IT2 system
implementations in the region
Yes
No
No
No
Yes
Yes
Yes
Yes
No
Yes
N/P
Yes
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
N/P
Yes
No
Yes
Yes
N/P
Yes
Yes
No
N/P
N/P
N/P
N/P
N/P
Yes
47
General information regarding the vendor and the systemfrom Openlink to TRINITY
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
Oracle PeopleSoft Treasury (Deal, Cash
and Risk Management)
9.1
25 Oct 12
Reval
Treasury and Risk Management
12.0
02 Apr 12

Other systems
Type of product
Solarc RightAngle
Commodity Trading and Risk
Management
% of sales
N/P
Oracle Treasury (includes Oracle Risk

Management)
N/P
N/P
N/P
N/P
N/P
N/P
N/P
dbc SMARTsoft
Oracle PeopleSoft
Oracle Cash Management
N/P
Agribusiness value chain,

financial and physical transaction
management solutions
N/P
N/P
N/P

Type of product
% of sales
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Type of product
N/P
N/P
N/P
N/P
% of sales
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Type of product
N/P
N/P
N/P
N/P
% of sales
N/P
N/P
N/P
N/P
None
Oracles PartnerNetwork consists of 22,000

partners in the following categories:
Independent Software Vendors
(Independent Software Vendors (ISVs)
in Oracle PartnerNetwork develop
applications that are built on, integrate
with, or embed Oracle products).
Platform Partners (Platform Partners in
Oracle PartnerNetwork join with us to
provide solutions that lower the total cost
of ownership for customers. Oracle is
making it easier than ever for customers
to purchase solutions through bundled
offers and distribution agreements with
our Platform Partners. We also continue
to work closely with our partners to
maximize the performance of Oracle
products on proven platforms).
System Integrators (System Integrators
(SIs) in Oracle PartnerNetwork provide
customers consulting, integration, and
implementation services for Oracle-based
products and solutions).
Resellers/Distributors (Customers can
buy Oracle Technology direct from Oracle
or through authorized Oracle Resellers).
Oracles PartnerNetwork consists

of 22,000 partners in the following
categories:
Independent Software Vendors
(Independent Software Vendors (ISVs)
in Oracle PartnerNetwork develop
applications that are built on, integrate
with, or embed Oracle products).
Platform Partners (Platform Partners
in Oracle PartnerNetwork join with
us to provide solutions that lower the
total cost of ownership for customers.
Oracle is making it easier than ever
for customers to purchase solutions
through bundled offers and distribution
agreements with our Platform
Partners. We also continue to work
closely with our partners to maximize
the performance of Oracle products on
proven platforms).
System Integrators (System Integrators
(SIs) in Oracle PartnerNetwork provide
customers consulting, integration, and
implementation services for Oraclebased products and solutions).
Resellers and Distributors (Customers
can buy Oracle Technology direct
from Oracle or through authorized
Oracle Resellers).
N/A
All
All
Partner
What other system
vendors do you partner
with and what is the
objective of partnership?
SAP: STP for G/L postings

FXall: STP for FX trading
ICD: STP for Money Market
TradingFides: STP for Bank
Connectivity
Implementation
For what kind of company
or in which industry
did you implement the
paired (yours and the
partners solution)
Industries include:
Software and Hardware and
Personal Computer, Oil and Gas,
Food and Beverage, Financial
Institutions (banking and
insurance), Heavy quipment,
Airline, Metals, Travel and
Leisure, Consumer Goods

24/7 telephone support
Yes
Yes
Yes
Yes
Online corrections
Yes
Yes
Yes
Yes
Training
Yes
Yes
Yes
Yes
Documentation
Yes
Yes
Yes
Yes
Hosting
Yes
Yes
Yes
Yes
Warranty
Yes
No
No
Yes
N/P
N/P
N/P
N/P
Other:
Monitoring
48
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ
Trinity Management Systems

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

Other systems
Business Suite
AvantGard Receivables
ATAQ Risk
N/P
Enterprise Applications
Credit and collection risk management
Treausry and Risk Management
N/P
N/P
N/P
N/P
50%
SAP NetWeaver
AvantGard Payments
ATAQ Cash
N/P
Technology
Payment factory for transaction banking
Cash Management
N/P
N/P
N/P
20%
N/P
SAP BusinessObjects
AvantGard Bank Communications
ATAQ 2 Bank
N/P
Business Intelligence
Managed bank connectivity and SWIFT messaging
Payment transactions
N/P
N/P
N/P
15%
N/P
N/P
AvantGard Payment Services
ATAQ Plan
N/P
N/P
Integrated payments platform and services
Planning
N/P
N/P
N/P
15%
N/P
N/P
SunGard engages at the partnership level with

companies such as INTEL, HP, Sun and Microsoft
to offer technology solutions to our joint
customers. These partnerships often reside within
research and development, and are focused on
providing functional applications that can best
utilize these technologies. Within AvantGard,
we have created a number of partnerships to
increase our customers efficiency across the
financial supply chain. By offering market neutral
and vendor neutral connectivity, AvantGard can
deliver connections to a variety of exchanges
(FX, payments, money markets etc.,) or to
services such as commodity hedging analysis,
SWIFT (either direct or indirect via a member
concentrator), as well as to supply chain finance
platforms, collection agencies, credit data
providers and many other connectivity points.
These partnerships help accomplish the mission of
helping suppliers, buyers, banks and other trading
partners improve effieciency and increase the
velocity of free cash flow.
ThomsonReuters: Distribution of
the day-end Datafeed
SAP, Oracle, IBM: treasury management consulting

companies
N/P
From chemical to CPG, to airlines to

business services
Bank, Insurance, Corporate,

Asset Management
Any kind of corporate from turnover of about

100m till 15b
Partner
Implementation

Yes
Yes
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
N/P
Yes
Yes
N/P
N/P
N/P
N/P
49
Company name:
System name:
Bellin GmbH Finanzdienste tm5

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Languages of support
English
Yes
Yes
Yes
Spanish
No
Yes
No
Yes
No
French
Yes
Yes
No
Yes
German
Yes
Yes
No
Yes
Dutch
No
No
No
No
Italian
No
No
No
No
Arabic
No
No
No
No
Mandarin
No
Yes
No
No
Other:
Czech
N/P
N/P
N/P
N/P
Russian
N/P
N/P
N/P
N/P
Ukranian
N/P
N/P
N/P
N/P
Swedish
N/P
N/P
N/P
N/P
Gujarti
N/P
N/P
N/P
N/P
Slovak
N/P
N/P
N/P
N/P
Portugese
N/P
N/P
N/P
N/P
Polish
N/P
N/P
N/P
N/P
Danish
N/P
N/P
N/P
N/P
Cantonese
N/P
N/P
N/P
N/P
User groups
Corporate treasury
Bank treasury
Asset (portfolio) management
Inhouse bank
Insurance company
Other:
Derivative sales desk
N/P
N/P
N/P
N/P
Public sector
N/P
N/P
N/P
N/P
First version
1998
2000
1986
2005
Latest version
2009
2012
June 2012
2012
tm5
2012
10.7
4.2
Every month
2012
2012
2012
No
Yes
NA
N/P
When
Current version
Latest installation
Sunsetted version
When and name
Number of installations
Previous installations
150
N/P
N/P
N/P
Installed 2010
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
> 200
89
100
>100
Installed 2011
Total
Number of installations in specified countries and regions
Europe Mainland
180
N/P
10
>500
Nordic countries
N/P
N/P
N/P
UK and Ireland
10
N/P
10
N/P
North America (US, Canada and Mexico)
10
N/P
70
N/P
APAC (inc Aus, NZ, Jap, Sgp)
N/P
N/P
Central South America

Other:
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
Group and community for the system

Europe Mainland
Yes
Yes
No
Nordic countries
Yes
No
No
No
UK and Ireland
Yes
Yes
No
No
North America (US,Canada and Mexico)
Yes
No
Yes
No
Yes
No
No
No
Yes
No
No
No
Other:
No
No
N/P
No
Legend 1
50
1. The system was primarly developed for this user group.

2. The system was not primarily, but works sufficiently for this user group.
3. The system is not suited for this user group.
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
No
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
No
No
No
Yes
No
No
No
No
Yes
No
No
No
No
Yes
Yes
Yes
No
No
Yes
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
1996
2001
2008
1992
1993
Q3 2012
October 2011
2012
2012
March 2011
User groups
When
8.0
V12.1
5.2
V7.0
3.1
2012
June 2012
2012
V6.1
Yes
NA
N/P
V5
Opics Classic Version 6.0
N/P
N/P
N/P
N/P
280
N/P
N/P
N/P
N/P
12
N/P
N/P
N/P
N/P
18
282
> 600
16
210
310
52
Sunsetted version
No
Number of installation

62
460
16
155
37
N/P
66
N/P
10
78
120
35
11
N/P
45
140
N/P
18
20
50
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
No
Yes
Yes
No
No
No
Yes
No
No
No
No
Yes
Yes
No
No
No
Yes
Legend 1

51
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Oracle Corporation
Oracle PeopleSoft Treasury (Deal, Cash and Risk Management)
Reval
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
9.1
25 Oct 12
12.0
02 Apr 12
English
Yes
Yes
Yes
Yes
Spanish
No
Yes
Yes
No
French
No
Yes
Yes
No
German
Yes
Yes
Yes
Yes
Dutch
No
Yes
Yes
No
Italian
No
Yes
Yes
No
Arabic
No
Yes
Yes
No
Mandarin
No
No
Yes
No
Czech
N/P
N/P
N/P
N/P
Russian
N/P
N/P
N/P
N/P
Ukranian
N/P
N/P
N/P
N/P
Swedish
N/P
N/P
N/P
N/P
Gujarti
N/P
N/P
N/P
N/P
Slovak
N/P
N/P
N/P
N/P
Portugese
N/P
N/P
N/P
N/P
Polish
N/P
N/P
N/P
N/P
Danish
N/P
N/P
N/P
N/P
Cantonese
N/P
N/P
N/P
N/P
Corporate treasury
Bank treasury
Asset (portfolio) management
N/P
Inhouse bank
Insurance company
Derivative sales desk
N/P
N/P
N/P
N/P
Public sector
N/P
N/P
N/P
Other:
User groups
Other:
When
First version
1994
2000
1998
2001
September 2011
May 2009
November 2009
2012
Current version
v11
12.1
9.1
12.0
Latest installation
v11
On going
On going
2012
No
N/A
N/A
No
Previous installations
N/P
N/P
N/P
N/P
Installed 2010
N/P
N/P
N/P
N/P
Installed 2011
N/P
N/P
N/P
N/P
Total
140
N/P
N/P
500
143
Latest version
Sunsetted version
When and name

Europe Mainland
N/P
N/P
N/P
Nordic countries
N/P
N/P
N/P
UK and Ireland
N/P
N/P
N/P
45
259
N/P
N/P
N/P
N/P
N/P
N/P
37
N/P
N/P
N/P
N/P
Other:
N/P
N/P
N/P
Europe Mainland
Yes
Yes
Yes
Yes
Nordic countries
Yes
Yes
Yes
No
UK and Ireland
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Legend 1
52

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
No
No
No
Yes
No
No
No
Yes
Yes
No
No
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
1990
1994
1995
2000
2012
March 2012
2012
2012
ERP6.0 EHP6
N/P
7.1
2012
N/P
September 2012
2012
N/A
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
> 2000
N/P
> 120
61
N/P
20%
> 120
60
N/P
5%
N/P
15%
N/P
40%
N/P
10%
N/P
5%
N/P
5%
N/P
N/P
Yes
Yes
> 120
Yes
No
Yes
No
Yes
Yes
No
Yes
Yes
No
No
Yes
No
No
Yes
No
User groups
When
Sunsetted version
ERP 6.0 EHP 5 (release date not fixed yet, planned for next year)
Legend 1

53
Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Example of implementation
1. Company
N/P
Valeo
N/P
1. Location
N/P
Worldwide
N/P
N/P
1. Installation year
N/P
2011
N/P
N/P
1. Duration of implementation in months
N/P
18 months
N/P
N/P
2. Company
N/P
PWC
N/P
2. Location
N/P
Europe
N/P
N/P
2010
N/P
N/P
2. Duration of implementation
N/P
3 months
3. Company
N/P
Bongrain
N/P
3. Location
N/P
Worldwide
N/P
N/P
2008
N/P
N/P
1 year
N/P
4. Company
N/P
Tractel
N/P
4. Location
N/P
Worldwide
N/P
N/P
2008
N/P
N/P
6 months
N/P
5. Company
N/P
ThyssenKrupp
N/P
5. Location
N/P
France and Germany
N/P
N/P
2009
N/P
N/P
2 months
N/P
N/P
Estimated price of the system for a full version implementation ()

Up-front cost
Application software
120,000
< 250,000
100,000
N/P
Consultants fee
30,000
< 250,000
100,000
N/P
Training
20,000
< 250,000
20,000
N/P
N/P
N/P
N/P
N/P
Ten user license
N/A
N/P
N/P
N/P
Service
N/P
N/P
N/P
N/P
20,000
N/P
20% of software
N/P
N/P
N/P
N/P
N/P
Other:
Annual fees
Maintenance
Support
Other:
Ongoing consluting process
7,500
N/P
N/P
N/P
Hosting
N/P
N/P
N/P
N/P
Market data
N/P
N/P
N/P
N/P
Upgrade
N/P
N/P
N/P
N/P
Self developed
Completely self developed
In-house development
N/A
N/P
Gateway
N/P
Yes
Yes
Yes
Yes
Locally installed
Yes
Yes
Yes
Yes
Hosting (ASP)
Yes
Yes
Yes
No
Software as a Service (SaaS)
Yes
Yes
Yes
No
% Locally installed
40%
2%
10%
N/P
detail: % of hosting hardware
N/P
N/P
% of Hosting (ASP)
60%
N/P
% of Software as a Service (SaaS)
N/P
Development of TMS product

Description
Development of TMS product by purchase

Name of the previous product
Integrated System
Is the TMS a fully integrated system?
What types of delivery do you offer for this system?
% of installation by delivery
Legend 1
54

98%
90%
N/P
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
SAB Miller
ACCOR
Technip
Faiveley Transport
N/P
London
France
Paris
France
N/P
2008
2008
2009
2011
N/P
18
16 months
N/P
Rmy Cointreau
Europcar
Cap Gemini
CGGVeritas
N/P
Brussels
France
Paris
France
N/P
2009
2011
2012
2011
N/P
<12
9 months
N/P
Mizuho Trust & Banking (USA)
Hermes International
LVMH
Siplec
N/P
New York
France
Paris
France
N/P
2011
2009
2011
2012
N/P
12
13 months
N/P
Ramirent
Tishmann
N/P
N/P
N/P
Helsinki
USA
N/P
N/P
N/P
2009
2010
N/P
N/P
N/P
N/P
N/P
N/P
Forex Bank
Starbucks Coffee
N/P
N/P
N/P
Stockholm
USA
N/P
N/P
N/P
2011
2010
N/P
N/P
N/P
N/P
N/P
N/P
N/P

100,000200,000
N/P
< 250,000
300,000
250,000
60,000120,000
N/P
< 250,000
300,000
250,000
10,000
N/P
< 250,000
20,000
25,000
N/P
N/P
N/P
N/P
N/P
N/P
N/P
< 250,000
N/P
20% of total license fee
N/P
N/P
< 250,000
N/P
N/P
20,00040,000
N/P
< 250,000
N/P
N/P
N/P
N/P
< 250,000
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
10,000
N/P
N/P
N/P
N/P
Self developed
Self developed
No
N/A
N/A
N/A
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
Yes
Yes
No
Yes
N/P
N/A
80%
N/P
N/P
N/A
N/P
N/P
N/P
30%
N/A
20%
N/P
N/P
N/P
100%
N/P
N/P
N/P

Self developed
Developed in partnership with

our clients
Self developed

N/A
Integrated System
Yes
55
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
Oracle PeopleSoft Treasury (Deal,
Cash and Risk Management)
9.1
25 Oct 12
Reval
12.0
02 Apr 12
1. Company
N/P
N/P
N/P
Fresenius
1. Location
N/P
N/P
N/P
Germany
N/P
N/P
N/P
2009
1. Duration of implementation in months
N/P
N/P
N/P
N/P
2. Company
N/P
N/P
Beiersdorf
2. Location
N/P
N/P
Germany
N/P
N/P
2009
N/P
N/P
N/P
3. Company
N/P
N/P
Unicredit
3. Location
N/P
N/P
Germany
N/P
N/P
2001
N/P
N/P
N/P
4. Company
N/P
N/P
Hitachi
4. Location
N/P
N/P
UK
N/P
N/P
2011
N/P
N/P
N/P
5. Company
N/P
N/P
AB Inbev
5. Location
N/P
N/P
Belgium
N/P
N/P
2006
N/P
N/P
N/P

Up-front cost
Application software
250,000500,000
< 250,000
< 250,000
N/P
Consultants fee
250,000500,000
< 250,000
< 250,000
N/P
<250,000
< 250,000
< 250,000
N/P
N/P
N/P
N/P
N/P
Training
Other:
Annual fees
Ten user license
N/A
< 250,000
< 250,000
N/P
Service
<250,000
< 250,000
< 250,000
N/P
Maintenance
<250,000
< 250,000
< 250,000
N/P
Support
<250,000
< 250,000
< 250,000
N/P
Ongoing consluting process
N/P
N/P
N/P
N/P
Hosting
N/P
N/P
N/P
N/P
Market data
N/P
N/P
N/P
N/P
Upgrade
N/P
N/P
N/P
N/P
Self developped
The treasury workstation was

aquired in June 1998. The cash and
risk management modules were
developed internally.
The treasury workstation was

acquired in 1996. All modules were
developed based on that product as
well as with consulting advice from
the employees of that company.
Reval's Treasury and Risk

Management solution combines the
risk management and compliance
components of Reval with the cash,
liquidity and payments capabilities
of ecofinance. Reval acquired
ecofinance in late 2010.
N/P
N/A
Other:

Description

Name of the previous product
N/A
ProRate (developed by Financial

Projects and Solutions company)
Integrated system
Is the TMS a fully integrated system?
Yes
Yes
Yes
Yes
Locally installed
Yes
Yes
Yes
Yes
Hosting (ASP)
Yes
Yes
Yes
No
Software as a Service (SaaS)
Yes
Yes
Yes
Yes
20%
% locally installed
90%
detail: % of hosting hardware

% of hosting (ASP)
% of Software as a Service (SaaS)
56
10%
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
80%
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Microsoft
Goodrich
OBI
Satch Group
Global
Global
Germany
Switzerland
N/P
N/P
2005
2003
N/P
N/P
Roche
DuPont
GEA
Lanxess AG
Global
Global
Germany
Germany
N/P
N/P
2008
2009
N/P
N/P
Colgate
Tesco
Investitionsbank Schleswig Holstein
Volkswagen AG
Global
Europe
Germany
Germany
N/P
N/P
2006
2011
N/P
N/P
Volkswagen
Michelin
Hanse Merkur Versicherung
Duffry International
Global
Europe
Germany
Switzerland
N/P
N/P
2007
2009
N/P
N/P
Conoco Philips
Caterpillar
Stadtwerke Mnchen
BASF
Global
Europe/US
Germany
Germany
N/P
N/P
2006
2011
N/P
N/P

> 500,000
N/P
80,000
60,000
250,000750,000
N/P
N/P
20,000
20,00050,000
N/P
30,000
1,500
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
13,000
12,000
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Completely self developed
Self developed

Developed by SAP
Each solution was originally acquired and

subsequently developed

N/P
Global information Solutions
N/A
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
90%
90%
Integrated System
N/P
N/P
N/P
N/P
10%
N/P
10%
N/P
57
Company name:
System name:
Version:
Date:

tm5
05 Apr 12
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Modular set up
1. Module name
1. Function
1. Optional
2. Module name
2. Function
2. Optional
3. Module name
3. Function
3. Optional
4. Module name
4. Function
4. Optional
58
Basic module
AMB Factory
Cash Forecasting
Autobank
General functionality
Payments and collections

factory, reporting (account and
transaction statements), accounting
reconciliation and ledger entries
generation.
This module supports a variety of modes of operations,

namely: i) cash calendar, ii) schedule of maturities
associated with debt and investment activities,
iii) remote data entry worksheets for locations to enter
their forecast directly, iv) standard import/export
functions to link to forecasts created outside GTreasury
(such as via EXCEL), and v) cash forecast calculation
module, which is driven by customized scenarios and
formulas that forecast receipts and disbursements
based on historical data. All types are fully integrated
and can be combined to create an overall forecast.
Using the calculation module, our clients have had
very good success in forecasting those cash flows that
have established historical patterns at any level in
their corporate structure. Integrated graphics help to
identify patterns at various levels. Cash forecasting in
GTreasury is very powerful, simple to use and produces
the desired results.
Automatic cash application
No
No
N/P
Yes
LM Modules
AMB Treasury
Treasury Worksheets
Payment management
Cash and liquidity management,

payment, status reporting,
long-term planning
Forecasting, treasury reconciliation

and balancing, financing and
investments, intercompany loans
management, control of bank
charges, and personalized reports
(customizable codes: type of
transaction, budgetary code).
Treasury Worksheets A casual observer may think all

worksheets are created equal, but those that take the
time to explore all of the capabilities of the GTreasury
Worksheets comment on its clear superiority vis--vis
the competition.
Payments
Yes
Yes
N/P
Yes
TT Modules
AMB Connect
Bank Reporting
ebam
Calculate interest daily, from the bottom up of each real

or virtual account and from the top down. Allocation
of total amount to all accounts in the pool based on
their weighted average balance contribution to the
pool. Interest allocation reports can be generated at
will and be made available online or via email. Positive
or negative interest can be calculated using unlimited
different rates, as well as using an index rate plus or
minus pre-defined basis points. Interest can be settled
via a funds transfer or can be capitalized as of the end
of a period.
In-House Bank features a complete, automated routing
system between virtual and real accounts, across
currencies and across multiple In-House Banks and
Payment Factories. In addition, the In-House Banks
provide Net Settlement transactions as well as full
online and paper-based Statements of Accounts,
just like any real bank.
bank account management
Interest, Currency and

Commodities management
Yes
Security management (access

control, user rights, traceability),
interface with IT system,
multichannel and multi-format
electronic banking
No
IC modules
Intercompany reconciliation
and netting
Yes
N/P
N/P
N/P
Yes
Funds Transfer Initiation
Cash management
Flexibility customization
Support databases
Workflow status and control
Audit trail
Security (encryption and electronic signatures)
Addenda records
Attached document
N/P
Cash management and

short-term planning
Yes
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Modular set up
Integrated Treasury Operations and Control
Process library and management
Liquidity
Account reporting, Cash forecasts,
Sweeping accounts, Intercompany
management, productivity and
administration tools
Cash Management
KTP Cash Management
Deposits and Loans
ZBA, Cash Pooling, liquidity,

forecasts, interest scales,
multilateral netting
Cash Pooling, zero balancing,

internal current account
management, in-house banking
management, etc.
Money Markets
Yes
No
Yes
Yes
Yes
Foreign Exchange Management
Third Party Payments and Direct Debit
Front Office
KTP Accounting
Foreign Exchange Management
Features related to the issuance of

third-party payments and related to
management and the transmission of
the Direct Debits transactions
Yes
Yes
Pricing, simulation,
positions analysis, decision
management
Yes
In-house Banking
Netting
Middle Office
In-house Banking
Features related to the netting of

invoices
Risk Management, Limits,

Pricing
Financial sub ledger, multiple

chart of accounts, etc.
Yes
KTP IFRS
Full support of hedge
accounting, IAS39, FAS
133/138 compliance, etc.
FX
Foreign Exchange
Yes
Call accounts
Current Accounts, Vostros
and call and notice
Yes
Yes
Yes
Yes
Yes
Multi-lateral Netting
General Ledger Posting
Back Office
KTP Market
Fixed Income
Multi-lateral netting
Yes
Features related to the generation

of dual-sided GL entries to feed the
accounting system.
Yes
Multi-norm Accouting,
MTM, ICNE, Lifecycle
management, Messaging
Yes
F2B STP module, real-time

valuation and pricing, risk
management facilities, etc.
Yes
Securities
Yes
59
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Oracle Corporation
Reval
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
9.1
25 Oct 12
12.0
02 Apr 12
Modular set up
1. Module name
N/P
1. Function
N/P
1. Optional
N/P
2. Module name
N/P
2. Function
N/P

Cash Management
N/P
Oracle Treasury (includes
Oracle Risk Management)
N/P
N/P
Cash Management
N/P
Automatically pools worldwide

bank statements and consolidates
global bank data into a flexible and
configurable cash position worksheet
with currency translation ability
utilizing Reval market data.
N/P
Yes
N/P
Liquidity planning
N/P
Utilize simulations and scenario

analysis to better understand factors
that impact the accuracy of your
forecast and identify sources of
change to your forecast. Unlimited
creation of forecast scenario versions
with the ability to compare forecast
to forecast, and forecast to actual.
Results show amount deviation
and % deviation.
2. Optional
N/P
N/P
N/P
3. Module name
N/P
N/P
N/P
Payments and Payments factory
Yes
3. Function
N/P
N/P
N/P
Optimize company-wide payment

processing. Centralize, categorize
and group common payments.
Automate payment file generation
and transmission.
3. Optional
N/P
N/P
N/P
Yes
4. Module name
N/P
N/P
N/P
Investments and Debt
4. Function
N/P
N/P
N/P
Track and maintain your entire

investment and debt portfolio in
a centralized location. Manage all
related activity including settlements,
cash flows, rate resets, rollovers,
maturity, valuation, accrual
accounting and reporting.
4. Optional
N/P
N/P
N/P
Yes
60
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Cash and Liquidity Management

The SAP Cash and Liquidity Management application provides a
complete overview of your cash resources at all times, while also
closely monitoring your financial reserves.
Yes
Bank Communication Management plus Integration Package
for SWIFT.
With the SAP Bank Communication Management application, you
can seamlessly connect to your bank, track the entire payment
life cycle, and significantly improve straightthrough processing
rates and internal compliance. With the multibank function in SAP
Integration Package for SWIFT, a companion application, you can
exchange data between the SAP software system and any relevant
banks using the secure and reliable infrastructure of the Society
for Worldwide Interbank Financial Telecommunication (SWIFT)
infrastructure.
Base system
ATAQ Risk
TM/S
General workflow
Treasury, Asset, Risk

Management
Transaction management
No
Yes
No
Trade management
ATAQ Cash
TMS/CM
N/P
Cash Management
Cash Management
Yes
Yes
Yes
Yes
In-House Cash
Cash Management
ATAQ 2Bank
TMS/LP
N/P
Payment transactions
Cash Flow forecast
The SAP In-House Cash application controls internal and external

payments by means of its in-house cash center. It also reduces
external transactions, while it minimizes your external bank
account and foreign payment workload.
Yes
Yes
Yes
Yes
Accounting
ATAQ Plan
TMS/FX
AP Treasury and Risk Management offers straight-through

processing of the principal tasks in a finance department to
ensure optimum liquidity management as well as portfolio and risk
management in strict accordance with legal regulations.
N/P
Planning
FX-Management
Yes
Yes
Yes
Yes
61
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
5. Module name
5. Function
5. Optional
6. Module name
6. Function
TP Modules
N/P
Third-party credit management
N/P
General Ledger and ERP Interface

General Ledger Interface GTreasury
supports an unlimited number of
general ledgers within a single corporate
installation.
Yes
N/P
N/P
Bank communications modules
N/P
Debt and Investment Management
Bank Communication (e.g., EBICS, SWIFT,

Host-to-Host)
N/P
The system supports all short and

long-term instruments, through the use
of easy to configure screens and external
formulas. New formula or feature to
accommodate a new instrument will be
added at no charge.
Liquidity planning
Longer-term
liquidity planning
Yes
Treasury
management
Financial
instruments
6. Optional
Yes
N/P
N/P
Yes
7. Module name
N/P
N/P
Account Reconcilement
N/P
7. Function
N/P
N/P
This module can perform in unattended

mode, according to pre-defined rules.
It can also be operated in manual
mode. Rules can be very simple, like an
exact amount and perhaps a reference
number, or they can be more complex,
such as many-to-one or one-to-many
transactions. In addition, this module
supports variances and tolerances in
order to match items that are not for
the same amount, but that fall within
a pre-defined tolerance. In this case,
the system produces a reconcilement
records and GL entry for the amount of
the tolerance. Other features include
the ability to clone transactions such as
bank fees that need to be posted to the
corporate side, reconciled and booked to
GL automatically. A host of reports and
worksheets are available to keep track of
all activities by status. Unlike the normal
low-volume treasury reconcilement,
this module is capable of reconciling
any volume of activity, including detail
deposits and checks written and paid for
large organizations.
N/P
7. Optional
N/P
N/P
N/P
N/P
8. Module name
N/P
N/P
N/P
N/P
8. Function
N/P
N/P
N/P
N/P
8. Optional
N/P
N/P
N/P
N/P
62
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Kondor Trade Processing (KTP) Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
Money Market Debt and Investment

Management
General Ledger Reconciliation
Money Market Debt and Investment

Management
Features related to the reconciliation between bank

transactions and the Accounting entries imported
from the Accounting system
Payment Factory
Validation and Signtaure
workflows, Dashboard,
Signature Management
3.1
04 Apr 12
KTP Affiliates
Derivatives
Internal services for affiliates:

easy deal entry (MM, FX),
intercompany netting, lite
cash management facilities,
internal company web portal,
etc.
Derivatives
Yes
Yes
Yes
Yes
Yes
Interest Rate Management
Signatories
N/P
KTP SWIFT
Interest Rate Swaps
Interest Rate Management
Features related to the management of bank

accounts signatories and bank letters editions
N/P
SWIFT certification
(Accord, Treasury)
Interest Rate Swaps
Yes
Yes
N/P
Yes
Yes
Capital Markets
Financial instruments
N/P
KTP e-PF
Equities
Bond issuance and investment
Financial instruments: features related to the

management of financial instruments: borrowing
and investment, FX decision-making and reporting,
Interest Rate dealing
N/P
Payment factory: validation,

signatures, reporting, etc.
Equities
Yes
Yes
N/P
Yes
Yes
Equity Management
Reverse Factoring
N/P
KTP Risk
Core
N/P
Interest rate risk management
Back office and accounting
N/P
Yes
Yes
Issuance and investment
This module is the first brick of the development

strategy that aims at delivering a comprehensive
and integrated Supply Chain Finance offering
to Corporations. Reverse Factoring enables a
good-rated company, the buyer, to transfer its
credit rating to its suppliers. Suppliers can then
discount their receivables at, more favorable
interest rate than they would have obtained by
financing themselves directly from banks.
Yes
Yes
63
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Oracle Corporation
Reval
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
9.1
25 Oct 12
12.0
02 Apr 12
5. Module name
N/P
N/P
N/P
Cash Pooling and Intercompany
5. Function
N/P
N/P
N/P
Define a flexible pooling structure
5. Optional
N/P
N/P
N/P
Yes
6. Module name
N/P
N/P
N/P
Loans
6. Function
N/P
N/P
N/P
Manage and track global cash

pools, including both cash
and non-cash movements.
Calculate interest and generate
journal entries. Monitor activity
and schedule statements for
automated distribution. Manage
intercompany loans between
entities along with the associated
cash flows, settlements, accrual
accounting and reporting.
6. Optional
N/P
N/P
N/P
Yes
7. Module name
N/P
N/P
N/P
Multi-lateral Netting
7. Function
N/P
N/P
N/P
Full intercompany or payable

and receivable netting.
Includes reporting, monitoring,
simulation, comparisons, dispute
management and full display of
consolidated netting positions.
7. Optional
N/P
N/P
N/P
8. Module name
N/P
N/P
N/P
Risk Management (FX, IR and

Commodities
8. Function
N/P
N/P
N/P
Support for Fx, Interest rates,

energy, metals and agricultural.
Includes front-to-back office
capabilities to capture exposures
and derivatives, pricing analytics,
portfolio allocations, termsheets, mark-to-market, what
if analysis, settlements, fixings,
exposure risk, SOX 404 controls
(e.g., user rights and roles, trader
and daily limits, workflow tasks,
full audit capabilities), and market
data needed to value and process
the exposures and derivatives.
8. Optional
N/P
N/P
N/P
Yes
64
Yes
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Commodity Risk Management

Commodity Risk Management supports the processes of Credit
Management, Exposure Management, Hedge Management,
Paper Trades, Commodity Risk Reporting and Deal Settlement.
Risk Management
ATAQ Data
TMS/IR
N/P
Data
Interest Rate-Management
Yes
Yes
Yes
Yes
N/P
Interfaces
ATAQ Risk Bank and Insurance
TMS/A
N/P
N/P
Asset & risk management
Guarantee-Management
N/P
Yes
Yes
Yes
N/P
Islamic Banking
ATAQ eBooking
TMS/I
N/P
N/P
Booking
Interfaces to external systems
N/P
Yes
Yes
Yes
N/P
SWIFT connection
ATAQ SAP
TMS/CFO
N/P
N/P
Interface
CFO-reporting and cockpit
N/P
Yes
Yes
Yes
65
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
9. Module name
N/P
N/P
N/P
N/P
9. Function
N/P
N/P
N/P
N/P
9. Optional
N/P
N/P
N/P
N/P
10. Module name
N/P
N/P
N/P
N/P
10. Function
N/P
N/P
N/P
N/P
10. Optional
N/P
N/P
N/P
N/P
11. Module name
N/P
N/P
N/P
N/P
11. Function
N/P
N/P
N/P
N/P
11. Optional
N/P
N/P
N/P
N/P
12. Module name
N/P
N/P
N/P
N/P
12. Function
N/P
N/P
N/P
N/P
12. Optional
N/P
N/P
N/P
N/P
66
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Additional optional modules: Lease Management, Futures

Management, Commodity Management, Trade Finance
Administration, Limits Administration, Advanced Risk
Management (VaR and Scenario Analysis), Treasury
Accounting (Nominal Ledger), Hedge Accounting, eBAM,
Payments Factory.
67
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Oracle Corporation
Reval
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
9.1
25 Oct 12
12.0
02 Apr 12
9. Module name
N/P
N/P
N/P
Accounting and Compliance
9. Function
N/P
N/P
N/P
Helps clients with full post-trade

maintenance with independent
data whether daily, weekly,
monthly or quarterly. Full hedge
accounting and regulatory
reporting for ASC 815/FAS133,
ASC 820/FAS 157, FAS 161 and
101, IAS 39, IFRS 7 and much
more. Also includes retrospective
effectiveness testing,
independent valuations (CVA),
advanced regression analysis,
risk management inventory
and position reports, back
office event processing, cash
and settlements, ledger entries
and balances, and workflow
and SOX controls.
9. Optional
N/P
N/P
N/P
Yes
10. Module name
N/P
N/P
N/P
N/P
10. Function
N/P
N/P
N/P
N/P
10. Optional
N/P
N/P
N/P
N/P
11. Module name
N/P
N/P
N/P
N/P
11. Function
N/P
N/P
N/P
N/P
11. Optional
N/P
N/P
N/P
N/P
12. Module name
N/P
N/P
N/P
N/P
12. Function
N/P
N/P
N/P
N/P
12. Optional
N/P
N/P
N/P
N/P
68
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
N/P
Cash predictor
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Multilateral netting
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Bank account compliance
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Bank fees analysis
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
69
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Yes fully integrated at LMPAYMENT

multi-country and multi-bank payment
solution for single and bulk payments in
many formats.
Yes, AMB Factory module comes

standard with the application and
offers these functionalities:
Payments: domestic,
international
and SEPA transfers
Collections: domestic or SEPA
direct debits, bills of exchange
(BOE): statements of unpaid
direct debits and rejected BOEs
End-to-end approval
of workflow and
payments signature
Counterparty database
management
Search for issued transactions
(customizable history)
Banking authority limits and
digital signature (3SKey)
Yes
Yes
Yes
Yes
Yes
Yes
Payment factory module

Does your organization offer
a module and functionality for a
payment factory?
Can the Treasury System work

with third-party Payment Factory
functionality? Please elaborate.
Releases
How many releases are scheduled
per year? Please distinguish
between major (functionality) and
minor releases. Do all (minor) bug
fixes require a new release?
Around two patchdays a year with

required fixes and additional functions.
Bug fixes are made available as soon as
possible and do not require an update.
Major release changes are
performed every 3 to 4 years. There
are currently no plans for a new release
before at least 2013.
Two major releases per year

Major releases with software
improvements occur every quarter.
Minor updates with corrections
occur about every two to three weeks.
Approximately 1
Free System updates

Yes/No
Historical frequency of updates
Yes
Yes
Yes
all 3 to 4 years
Every quarter
Local installations can upgrade

on their own schedules, and
ASP clients will upgrade with
each new release.
Yes
Old version support

How long after release do or did
you offer support for the older
versions of your system?
Currently, all releases used in the

customer base are released.
All users have acces to the latest

version.
Indefinately
In general, support of older

versions however, as software
develops rapidly, older versions
are sooner or later of lower added
value to customers.
tm5 is a standard software that can

be configured by customers to their
specific needs. All customer requests for
new features are seriously considered
for upcoming updates and upgrades.
If needed customization is available,
but typically this is not required.
Customizations are done in cooperation
with the customer.
The system is very flexibile. In

order to make changes, the users
can directly change the parameters
within the application. Users
can contact customer support
for improvements. All customer
requests will be considered in the
weekly product update committee.
GTreasury offers a completely

open arcitechture so that
the system can be changed
by the users as or when
needed. GTreasury focuses its
development on client requests
first and the external market
second, so client requests for
code-based enhancements
take priority. Its GTreasurys
philosophy to build solutions
for our clients and sell them to
the market.
The flexibility of the system

originates on the one hand from
continuous development, and on
the other hand from a very flexible
user-specific customizing process.
Flexibility of support
How flexible is the system once
it has been set up? i.e., what
are the key building blocks that
cannot be changed? Which remain
available for editing? What is the
process of functional improvement
updates request
70
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
One to two major release per year
One majoir release per year
Yes
Yes
Yes
No
Yes
One major per year
One to two major release per year
Included in SLA
N/P
Two to four years
Releases
One major per year (followed by one
Feature Pack release)
A major release each two to

three years and four to five
minor releases per year.
Free System updates
Old version support

Full SLA for the two most recent releases
and SLA for older releases.
IT2 is, uniquely, a process-oriented
treasury management system. Any part
of a process can be modified, by properly
authorized personnel. Therefore, any
system workflow may be modified quickly
and easily by the user at any required
time. Equally, reports, dashboards,
workbenches, integrations and interfaces
may be modified at any time, under full
security control. IT2 clients communicate
enhancement requests via the Help
Desk, or through the regional and global
user groups.
12 to 18 months
N/A
24 months
In contracts versions, n and n-1

are supported
Two older versions
Flexible
N/P
Solution is very flexible and is a

real open solution.
In its current state, the solution

is delivered with all modules and
license keys allow customers
access to the appropriate
modules licensed.
71
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Systems user languages

English
Yes
Yes
Yes
Spanish
N/P
Yes
Yes
Yes
No
French
N/P
Yes
Yes
Yes
German
Yes
Yes
Yes
Yes
Dutch
N/P
No
Yes
No
Italian
N/P
No
Yes
No
Arabic
N/P
No
Yes
No
Mandarin
N/P
No
Yes
No
Chinese
N/P
No
Yes
No
Polish
N/P
No
Yes
No
Portugese
N/P
No
Yes
No
Russian
N/P
No
Yes
No
Czech
N/P
No
Yes
No
Slovak
N/P
No
Yes
No
Japanese
N/P
N/P
Yes
No
Other:
Can the system be implemented in stages

Yes/No
72
Yes
Yes
Yes
Yes
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
N/P
Yes
Yes
No
No
No
N/P
No
No
No
N/P
Yes
No
No
No
N/P
No
No
No
No
N/P
No
No
No
No
N/P
Yes
No
No
No
N/P
No
No
No
No
N/P
No
No
No
No
N/P
Yes
No
No
No
N/P
Yes
No
No
No
N/P
Yes
No
No
No
N/P
Yes
No
No
No
Yes
Yes
Yes
Yes
Can the system be implemented in stages

Yes
73
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
We currently guarantee a technical

installation within three weeks of a
signed contract for ASP customers.
or three weeks after all required
hardware and software is in place for
on-site customers.
In general, we plan the following
implementation phase together with our
customers. The following description
is our recommended and proven
standard approach for a most efficient
implementation:
Typically, within another three weeks
we can offer to start with the first
configuration days for entering static
data, where a Bellin consultant will work
with the customers group treasury. This
enables group treasury staff to already
work with the first module (in most
cases, cash management), and follow-up
sessions are then scheduled.
The rollout to other users worldwide
can be done at any time. One or all
required modules are configured, as no
installation on the client side is required.
This can be done in classroom training
sessions, with all users attending a
global training session or in regional
ones. Alternatively, we have also good
experience with internet meeting tools
for training remote users.
Assumptions: All my banks

implementation in a multinational
group, with HQ in Belgium and
one subsidiary in the following
countries:
Europe (France, Netherlands,
Luxembourg, Italy, Spain,
Switzerland, Czech Republic,
Poland)
USA
China
The implementation time in the
holding will be the longest one, as
the general rules and processes will
be decided centrally.
The deployment process will
consist in customizing the general
rules and processes to local
usages: bank formats, payment
methods, financial instruments, etc.
The only technical point remains in
some possible specific adaptation
of the interfaces with local existing
software.
The training will be achieved
both by exalog and the company
(project team).
For this project, we estimate the
following time allowances:
Four to five months for the
general set up,
Three weeks per European
country,
Two months for the USA,
Four months for China
For the project supervision,
exalog usually works with
consultancy firms.
Implementation time depends

upon the type of infrastructure
(installed versus, ASP), but a
typical full install of the ASP
can be done remotely via the
web in about six months. The
installation and rollout of the
local version is more like 8 to 12
months, and usually involves a
couple of site visits to ensure
the system is incorporated into
the existing IT infrastructure.
ASP installs can also have
on-site training and consulting
if the client decides this would
be beneficial.
To safeguard projects, Hanse Orga

follows the project implementation
methodology Accelerated SAP
(ASAP).
Phase 1: Project preparation
Phase 2: Blueprint
Phase 3: Realisation and
Implementation
Phase 4: Go-Live preparation
Phase 5: Go-Live and GoLive support
By using this methodology, a
high-quality project realization is
supported and potential risks will
be minimized. Additions to the
ASAP methodology ensure that
customers benefit from our bestpractice approach.
Time schedule implementation

Description
74
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
A classical workload can be defined as following:

1. Project initiation. Our objective is to build a success
software implementation based on your strategic
objectives and business drivers for the project. We
build a framework for the teams understanding of the
project. This is the basis for developing your project
plan. We also:
Assess corporate objectives and business drivers for
the project: and develop our understanding of their
impacts and measurements.
Work with corporate to understand critical business
processes, look at goals and business drivers, and
how we can enhance competitive advantage. In doing
so, we understand needs and can recommend which
Kyriba features can help the corporate.
Provide a high-level assessment of the major
features to be included to achieve business
objectives in a phased delivery approach.
2. Solution integration. During this phase, youll
establish the framework for the project. From the
information gathered in the project initiation phase,
well identify, analyze and prioritize any affected
business processes, and well assess the software fit
within this context.
Well show the corporate how Kyriba will impact
business processes, enabling you to make decisions for
re-engineering if required. Based upon the solutions
configuration document created, the corporate will
start to set up Kyriba with its core data and user
security profiles.
3. Interface testing. Bank and system interfaces are the
key components to import data into Kyriba and transmit
it back to a bank or legacy system.
Prior to the start of the project, bank interfaces would
either have been selected from our library or built
for the delivery of this project. Once this stage is
reached, it is time to validate that the corporate will be
able to import balance and transaction information,
release a payment to a bank and, if selected, receive
any critical messages from that bank regarding
processing problems.
In addition to this, we test the interfaces to import data
from your Legacy system to Kyriba, and the export of
Kyriba data back to your General Ledger system.
4. Business testing. This phase puts together all of the
work completed in the previous phases.
We take the core data the corporate sets up, tested
interfaces and, using the Business Processes we have
built together, create a test plan and scripts to simulate
a day in the life processing using Kyriba in treasury
management operation.
This is a critical ingredient to ensure everything is set up
properly before the corporate Go-Live on Kyriba.
Another key benefit from the business test scripts is
they serve as a great training tool for your end-users to
operate Kyriba.
5. Go-Live activities. Youre going live soon, and were
helping you prepare. Were there with the corporate to
update and finalize the system configuration. Well help
you prepare the production environment and conduct
final user and parallel tests to verify that all data is
set up properly and to ensure smooth transition into
production.
Well also help you determine a training approach for
your end-users, assist with training materials and a
training environment, and teach the corporate how to
train your end-users.
6. Production operations. Your Kyriba system is live.
As you make the transition, Kyribas implementation
personnel can remain with you in a support mode,
helping to troubleshoot, teaching the corporate how to
maximize the value of the system you just deployed, and
identifying next-step opportunities for your business.
We estimate between 6 and

10 months for the project of
implementation, depending
on the financial instruments
complexity. Diapason
projects always start with a
gap analysis phase.
The expected output of this
phase is the technical and
functional specifications
drafting. This document
is required to prepare the
configuration phase and the
solution implementation
and integration into the
client architecture. This
integration results in the
configuration of interfaces,
based on the Diapason
platform that may be
specific to the client. The
configuration of Diapason
itself is based on module
setup and software
configuration, and not on
specific developments.
Then, will follow:
Implementation phase
Technical integration
Functional integration
Acceptance support
Change management
The estimated time schedule for

this type of project is a 200 man
days implementation project.
We have an implementation
methodology. We have a tried
and tested implementation
methodology with eight
different phases:
1. Solution definition (kick
off scoping project
planning software installation)
2. Specifications definition
(F2B, accounting scheme,
messaging, cash management,
bank com, etc.)
3. Project feasibility
(specification validation,
functional gap analysis
and validation)
4. Training (project team
training and specifications
review)
5. System setup (static data,
financial instruments, cash
management, accounting, bank
com set up)
6. Interface and reporting
(General Ledger, SWIFT and
Payments interfaces and
customized reports).
7. User acceptance
tests (end user training,
test and acecptance,
reporting validation)
8. Parallel run (position upload,
double entry mode, Go-Live)
The estimated time for

an Opics Plus project can
range between 4 and 12
months, depending on
the level of complexity
involved in certain stages.
See attached diagram
of the typical phases
and the time frames
for a low complexity
implementation.

An implementation of this size
typically takes between five and
eight months, depending on
factors including client resource
availability, client testing and
commissioning standards
and integration complexity.
Typical project phases include:
planning, technical installation,
training, process mapping and
configuration, end user testing,
go-live and parallel run
75
Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Validation of the system by external party

Description
Yes
Yes two different consulting firms Yes
Main functionalities rely on

SAP functionalities that are
regularly audited
SOX compliant?
Yes
No
Yes
Yes
SEPA compliant
Yes
Yes
Yes
Yes
Accounting standards compliant
Yes
Yes.
Yes
Yes
Yes/No
No
No
No
No
Name of the specific version
N/A
N/A
N/A
SOX, SEPA, IAS compliant?
Islamic finance compliant
76
IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

Yes
Yes
No
Yes
Yes PWC (for the accounting

module).

Yes
Yes
Yes
Yes
N/P
N/P
Yes
N/P
Yes
N/P
Yes
No
Yes
Yes
Yes
No
No
No
No
Yes
N/A
N/A
NA
Islamic module
Islamic finance complaint
77
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12

Does your organization offer a module/
functionality for a payment factory?
No
Yes
Yes
Yes
Can the treasury system work with

third-party payment factory
functionality? Please elaborate.
Yes
Yes
Yes
Yes
Tow per year
Once per one to two years
Once per one to two years.
Releases
How many releases are scheduled per
year? Please distinguish between major
(functionality) and minor releases. Do all
(minor) bug fixes require a new release?
Two major releases per year.

Monthly minor releases.
Free System updates

Yes/No
Historical frequency of updates
Yes
Yes
Yes
Yes
All two to three years
Once per one to two years
Once per one to two years.
Two major per year
Three years
Lifetime support
Lifetime support
N/P
Old version support

How long after release do/did you
offer support for the older versions of
your system?
How flexible is the system once it has
been set up? i.e., what are the key
building blocks that cannot be changed?
Which remain available for editing? What
is the process of functional improvement
update requests?
The system remains

completely flexible
and open to change
and functionality
enhancements.
All system setup information can

be modified. Using any available
support means (online support portal,
phone), customers log their functional
improvement update requests in one
central repository that is regularly
analyzed by the product team when new
releases are planned.
All system setup information can

be modified. Using any available
support means (online support portal,
phone), customers log their functional
improvement update requests in one
central repository that is regularly
analyzed by the product team when
new releases are planned.
Flexible post set up

English
Yes
Yes
Yes
Yes
Spanish
No
Yes
Yes
No
French
No
Yes
Yes
No
German
No
Yes
Yes
Yes
Dutch
No
Yes
Yes
No
Italian
No
Yes
Yes
No
Arabic
No
Yes
Yes
No
Mandarin
No
Yes
Yes
No
Chinese
No
Yes
Yes
No
Polish
No
Yes
Yes
No
Portugese
No
Yes
Yes
No
Russian
No
Yes
Yes
No
Czech
No
Yes
Yes
No
Slovak
No
Yes
No
No
Japanese
No
Yes
N/P
No
Yes
Yes
Yes
Yes
Our system can be implemented by

Oracle Consulting or by any third-party
consulting company. Project duration
depends on the complexity of the business
requirements and existing technology
footprint. If the customer has already
implemented core E-Business Suite or
PeopleSoft Financials, which includes
the Cash Management module. The Cash
Management module typically can take
one to two months, depending on how
many banks and features are utilized, and
the treasury module can be rolled out in as
fast as one to two months.
Our system can be implemented by

Oracle Consulting or by any thirdparty consulting company. Project
duration depends on the complexity
of the business requirements and
existing technology footprint. If the
customer has already implemented
core PeopleSoft Financials,
PeopleSoft Treasury can be rolled out
in as fast as one to two months.
Reval tailors implements projects

on a client-by-client basis.
Reval follows a best-practice
implementation approach,
which has been refined since
Reval started in 1999 and has
proved successful in hundreds
of installations globally. Reval
follows a proven implementation
methodology framework that has
the following key steps:
Business process review
Functional requirements and
data gathering
Execution of programs
Training
Documentation
Project management
Other
Can the system be implemented in stages?

Yes/No
Description
78
Five to eight months

if client commits
adequate resources
for implementation.
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

Yes
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Releases
One per year
Two major release per year
One major release.

One minor release
One major release per year
Free system updates

Yes
Yes
Yes
Yes
N/P
N/P
One per year
N/P
Never ends
Two major releases
Three years
Two older versions
Source code freely available
Functional improvements are

requested via the account manager
and support function, and prioritized
with input from the user groups
Very flexible
New releases contain system

improvement; new versions are
compatable to existing release

N/P
Yes
Yes
N/P
N/P
No
Yes
No
N/P
N/P
No
Yes
N/P
N/P
Yes
Yes
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
Yes
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
No
No
Yes
Yes
Yes
Yes
Implementation project should follow the SAP implementation

methodology. There is no standard approach and time schedule
for treasury implementations, as each customer has different
priorities. Implementations can require a month or several years
depending on these priorities, as well as on the benefits that
should be achieved. Therefore, each phase mentioned above
can also take from days to months.
This will entirely depend on the scope

of the project
Other
Can the system be implemented in stages?

Four months
Main implementation steps are:

technical installation, user training;
setting up of interfaces for market
data, SWIFT MT 940 (account
movements), ERP Systems;
integration of the cashflow forecast
model; integration of subsidiaries
through the Trinity web system.
The external support for a standard
implementation is between 10 to
20 days.
79
Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Oracle Corporation
Reval
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
9.1
25 Oct 12
12.0
02 Apr 12

Description
No
Yes
Yes
Yes. Quality certification reports

are available for clients
Yes
Yes
Yes
SEPA compliant
N/P
N/P
N/P
Yes
Accounting standards compliant
N/P
Yes
Yes
Yes
Yes/No
Yes
No
No
No
Name of the specific version
v11
N/A
N/A
N/A

SOX compliant?
Yes
Islamic finance compliant
80
SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

Yes
Yes
Yes
N/P
No
Yes
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
N/A
N/P
Islamic finance compliant?
N/A
81
Technical platform hardwarefrom Bellin to Misys

Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
None for standard ASP version
Section B: Technical platform hardware

Server hardware requirements
Processor
Minimum recommendation of 2GHz
2GHz
No requirement
N/P
2 GB
N/P
Linux Fedora V
N/P
Hard disk
Minimum recommendation of 20GB
Internal memory
Minimum recommendation of 2GB
Version of operative
system supported
Windows Server 2003 or higher with installed

Internet information Services (IIS), 32 or 64 bit,
Windows SQL Database Server 2005 or higher
32 or 64 bit.
Workstation hardware requirements

Processor
2 GH
No special requirements for the client, as

web-based application only requires internet
or intranet access and Internet Explorer from
version 6+.
Hard disk
N/P
Internal memory
N/P
Version of operative system Only Internet Explorer must be available

supported
Any standard computer that

supports Internet Explorer
version 6.0 or other standard
browsers will be sufficient.
No requirement
N/P
2 GB
N/P
Windows XP and above, MacOS 8

and above
N/P
AMB Factory
AMB Treasury
AMB Connect
The four main modules for

GTreasury are Cash, Deal
Management, Payments and G/L.
Modular system
Name of available modules
LM module including LMCash, LMPayment,

LMStatus, LMPlanning.
TT module including TTContract, TTLC,
TTGL, TTGuarantee, TTRiskWatch.
ICNetting module including ICRecon,
ICDispute, ICBalances, IC Balances.
TP module including TPCreditManagement,
Online Reporting, interfaces.
N/P
Interfacing
Supported interfaces
Accounting systems:
BAAN
Yes
Yes
Yes
N/P
Coda
Yes
Yes
Yes
N/P
Exact
Yes
Yes
Yes
N/P
FIS 2000
Yes
Yes
Yes
N/P
JD Edwards
Yes
Yes
Yes
N/P
Hyperion
Yes
Yes
Yes
N/P
Navision
Yes
Yes
Yes
N/P
Peoplesoft
Yes
Yes
Yes
N/P
Oracle
Yes
Yes
Yes
N/P
SAP
Yes
Yes
Yes
Yes
Other:
Sage ERP X3
N/P
N/P
N/P
N/P
API capability to integrate

third-party system
N/P
N/P
N/P
N/P
interface with any thirdparty system
N/P
N/P
N/P
N/P
CEGID
N/P
N/P
N/P
N/P
QUALIAC
N/P
N/P
N/P
N/P
82

IT2
Oct 2012
Kyriba Semea
Cash, Risk and Payment
Management
V11.1
Apr 2012
MCC Soft
Diapason
Misys
Misys
Opics Plus
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

Intel Xeon 4 Core 2,66 GHz
120 MB
8 GB RAM
In SaaS Kyriba Platform,

data-processing resource and
their evolutions are included
in the service level agreement.
Customer doesnt need to buy
any server hardware.
Windows 2008 Server families,

Service Pack 2 and higher
Multi core CPU, for instance Intel i7

with a running frequency higher than
2. GHZ
N/P
Quad Core 2.0 Ghz
30 Go at most with RAID redundancy
N/P
20 Gb
3 Gb or higher
N/P
16 Gb
Window2003/2008/XP, RedHat,
Ubuntu.
N/P
Windows 2003 Server Enterprise

Edition SP2 64bit,NET Framework
3.0 SP1, NET Framework 3.5 SP1,
IIS v6.0, Windows 2008R2 64bit,
NET Framework 3.0 SP1, NET
Framework 3.5 SP1, IIS v7.5

Intel Xeon 4 Core 3.3 GHz
N/A
Dual Core CPU (Dual Core systems

were introduced by Intel in 2005)
N/P
Dual Core 2GHz
250 MB
N/A
Any hard drive that enables the use of a

web browser such as internet explorer
6 and higher.
N/P
20GB
32 GB RAM
N/A
1/2 Gib
N/P
4GB
Windows XP Professional
Service Pack 3, Windows Vista
Service Pack 2 (32 bit), Windows
7 Professional, Windows 7
Enterprise, Windows 7
Ultimate (32-or 64 bit)
N/A
Window2003, Windows XP, Vista,

Windows 7, RedHat, Ubuntu, Mac OSX.
N/P
Microsoft Windows 7
(32 bit or 64 bit)
Liquidity management,General
Ledger Posting, Financial
Instruments management, Supply
Chain Finance, Direct Debit, Thirty
Party Payment, General Ledger
or Bank Reconciliation, Netting,
Signatories, Bank Fees Analysis.
Core module (Administration plus

Core static data), Cash management,
Budget module, Multilateral netting,
Forex, Money Market, Interest rates,
Derivatives, Risk management, Market
limits management, Market data,
Accounting, Payment factory.
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Modular system
IT2 logical modules: Integrated
Treasury Operations and Control
(mandatory). FX Management;
Cash Management; In-house
Banking; Multi-lateral
Netting; Money Market and
Debt Management; Interest
Rate Management; Capital
Markets; Equity Management;
eBAM; Payments Factory;
Lease Management; Futures
Management; Commodity
Management; Trade Finance
Administrtaion; Limits
Administration; Advanced
Risk Management; Treasury
Accounting (Nominal Ledger);
Hedge Accounting (all optional).
KTP Cash Management

KTP Accounting
KTP IFRS
KTP Market
KTP Affiliates
KTP SWIFT
KTP e-PF
KTP Risk
N/P
Interfacing
Accounting systems:
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
83

Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Specialty platforms
Reval
No
Yes
Yes
N/P
Perfect Hedge
No
Yes
Yes
N/P
N/P
N/P
N/P
N/P
Yes
Yes
Yes
N/P
Other:
ARPSON
Market information systems
Reuters
Bloomberg
Yes
Yes
Yes
N/P
Bridge
Yes
Yes
Yes
N/P
Telekurs
Yes
Yes
Yes
N/P
Datastream
Yes
Yes
Yes
N/P
Other:
Market map
Multi-bank dealing system
Fx all
N/P
N/P
N/P
N/P
Yes
No
Yes
Yes
Currenex
Yes
No
Yes
Yes
360 T
Yes
No
Yes
Yes
Ebs
No
No
Yes
N/P
Other:
N/P
N/P
N/P
third-party system
Payment factory systems

BOA
Yes
Yes
Yes
Yes
Citi
Yes
Yes
Yes
Yes
Other:
N/P
N/P
N/P
third-party system
Omikron MultiCash
Bank reconciliation systems
Yes
Yes
Yes
Yes
Clearing or matching systems
Yes
Yes
Yes
N/P
Netting systems
Yes
Yes
Yes
N/P
Risk management systems
Yes
Yes
Yes
N/P
Microsoft Office applications
Yes
Yes
Yes
Yes
Internet or intranet
Yes
Yes
Yes
Yes
SWIFT
Yes
Yes
Yes
Yes
Fax
Yes
No
Yes
N/P
Email
Yes
Yes
Yes
N/P
Other:
N/P
N/P
N/P
N/P

third-party system
84

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Yes
No
N/P
No
No
Yes
No
N/P
No
No
N/P
No
N/P
N/P
N/P
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
No
Yes
No
No
Yes
N/P
N/P
N/P
N/P
Yes
No
Yes
Yes
Yes
Yes
No
No
No
No
Yes
Yes
Yes
No
Yes
No
No
No
No
Yes
Yes
N/P
No
N/P
Yes
Yes
No
No
Yes
Yes
Yes
No
No
Yes
No
Yes
N/P
No
N/P
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
N/P
N/P
N/P
Yes
85
Technical platform hardwarefrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12

Processor
3.0 GHz, min 4 Cores
Hard disk
20GB
Internal memory
10GB
Version of operative system supported
Windows Server
2003/2008/2008 SP2/2008 R2
N/P
N/P
>= 2 CPU-Cores >= 3 GHz
N/P
N/P
20GB
N/P
N/P
Oracle Database on Linux, HP, Oracle Database on Linux, HP, IBM,

IBM, Sun, MS Windows
Sun, MS Windows
4GB
Oracle Solaris 10, RedHat Enterprise
Linux 5.2 (32 and 64 Bit), Novell/
Suse Enterprise Linus 10 (32 and
64 Bit), Windows Server 2003 R2,
2008, 2008 R2 (32 and 64 Bit)

Processor
3.0 GHz
N/P
N/P
>= 2 CPU-Cores >= 2 GHz
Hard disk
20GB
N/P
N/P
130 MB
3GB
N/P
N/P
Internal memory
Version of operative system supported
2 GM
Windows XP/Vista/7
Any Internet browser
Any Internet browser
Windows XP, Vista, 7, Server 2003

R2, 2008, 2008 R2; Citrix
Accounting Desktop, Document

Management, FAS/IAS/IFRS
Hedge Analyzer, Precious Metal
Bar Management, Reconciliation
Module, STP and Settlements
Desktop Service, Tax Module,
Performance Measurement,
RiskPak, Risk Dashboard,
Market Data Tools (MDT),
Security Reconciliation Tool
(SRT), Collateral Management,
Active Position Manager (APM),
Trade Process Manager (TPM),
Credit Derivatives Module,
Equity Derivatives Module,
CMO (Collateralized Mortgage
Obligations) Intex Interface,
Hybrid Toolsets, Volatility
Derivatives, Generic Instrument
Builder, Report Builder
Oracle Cash Management;

Oracle Treasury (includes
Oracle Risk Management)
PeopleSoft Deal Management

PeopleSoft Cash
ManagementPeopleSoft Risk
Management
Cash Management, Liquidity

Planning, IR, FX, Loans, Money
Market, Payment System, Payment
Factory, Multilateral Netting, HA,
CFaR, VaR, Reporting, Accounting
Modular system
Name of available modules
Interfacing
Accounting systems::
BAAN
No
Yes
Yes
Yes
Coda
No
Yes
Yes
No
Exact
No
Yes
Yes
No
FIS 2000
No
Yes
Yes
No
JD Edwards
Yes
Yes
Yes
Yes
Hyperion
Yes
Yes
Yes
No
Navision
No
Yes
Yes
No
Peoplesoft
Yes
Yes
Yes
No
Oracle
Yes
Yes
Yes
Yes
SAP
Yes
Yes
Yes
Yes
Other:
Sage ERP X3
N/P
N/P
N/P
N/P
API capability to integrate third-party

system
N/P
N/P
N/P
N/P
Interface with any third-party system
N/P
N/P
N/P
N/P
CEGID
N/P
N/P
N/P
N/P
QUALIAC
N/P
N/P
N/P
N/P
Reval
No
Yes
Yes
Yes
Perfect Hedge
No
Yes
Yes
No
N/P
N/P
N/P
N/P
Specialty platforms:
Other:
ARPSON
86

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

N/P
N/P
3 Ghz Quad Core (depends in general

on number of users)
Dual Pentium 4 GB RAM

80 GB
N/P
N/P
20 GB
N/P
N/P
4 GB
4 GB
N/P
N/P
Windows Server 2003/2008
Windows 2003, 2008, UNIX

N/P
N/P
2 Ghz Dual Core
PentiumIII
N/P
N/P
2 GB
1 GB
N/P
N/P
2 GB
512 MB RAM
N/P
N/P
Windows XP;Vista; 7
Modular system
N/P
Cash and Liquidity Management

Bank Communication Management plus Integration Package for
SWIFT In-House Cash
Commodity Risk Management
Windows 7, Windows XP/Vista I;

Internet Explorer Version 8
ATAQ Risk, ATAQ CASH, ATAQ

Plan, ATAQ 2Bank, ATAQ eBooking,
ATAQ Data
TMS Standard, TMS

Cashmanagement, TMS
Cashflowforecast, TMS FXManagement, TMS InterestrateManagement, TMS GuaranteeManagement, TMS interfaces,
TMS CFO-reporting/cockpit, TMS
Balancessheet/P5L forecasting
Interfacing
N/P
N/P
Yes
Yes
N/P
Yes
Yes
Yes
N/P
N/P
Yes
Yes
N/P
Yes
Yes
N/P
N/P
Yes
Yes
Yes
N/P
Yes
Yes
Yes
N/P
N/P
Yes
Yes
N/P
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
No
No
N/P
N/P
No
No
N/P
N/P
Mysis
N/P
87

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12
Market information systems

Reuters
Yes
Yes
Yes
Yes
Bloomberg
Yes
Yes
Yes
Yes
Bridge
Yes
Yes
Yes
No
Telekurs
Yes
Yes
Yes
No
Datastream
Yes
Yes
Yes
No
N/P
N/P
N/P
No
Other:
Market map
Yes
Yes
Yes
Yes
Currenex
No
Yes
Yes
No
360 T
Yes
Yes
Yes
Yes
Ebs
No
Yes
Yes
No
Yes
N/P
N/P
No
Multi-bank dealing system

Fx all
Other:

system
BOA
Yes
Yes
Yes
No
Citi
Yes
Yes
Yes
No
N/P
N/P
N/P
No
Payment factory systems
Other
system
Omikron MultiCash
Bank reconciliation systems
Yes
Yes
Yes
No
Clearing or matching systems
Yes
Yes
Yes
Yes
Netting systems
Yes
Yes
Yes
No
Risk management systems
Yes
Yes
Yes
No
Microsoft Office applications
Yes
Yes
Yes
Yes
Internet or intranet
Yes
Yes
Yes
Yes
SWIFT
Yes
Yes
Yes
Yes
Fax
Yes
Yes
Yes
Yes
Email
Yes
Yes
Yes
Yes
Other:
N/P
N/P
N/P
No

system
88

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/P
No
Yes
Yes
N/P
No
Yes
Yes
N/P
No
Yes
N/P
Yes
Technosis Data Feed
N/P
Yes
Yes
No
N/P
N/P
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
N/P
No
N/P
N/P
N/P
N/P
N/P
N/P
N/P
No
No
N/P
N/P
No
No
No
N/P
N/P
N/P
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/P
N/P
N/P
N/P
89

Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Frequencies of interfacing
Real time
Yes
No
Yes
Yes
In batch (overnight)
Yes
Yes
Yes
Yes
N/P
Yes
Yes
N/P
Yes
Yes
Yes
N/P
Adjustment to the TWIST standard

Yes/No
TWIST compliant interface
Yes/No
Remote connectivity
Citrix compliant?
Description of remote connectivity
N/A
Remote connectivity is an integral part
of tm5. As a web-based solution, it does
not require any aditional local installation
(Citrix) and only a web browser and internet
or intranet connectivity is required on the
client or remote user side. However, if for
customer requirements this is desired, Citrix
can certainly be put in place in case tm5 is
hosted on-site.
Yes
One could use Citrix if
necessary, but since the
application is provided via
the internet, this is not really
applicable.
Yes
Access to the system is webbased. Import files can be
placed in Watch Directory.
N/P
N/P
Database
RDBMS (2)
Microsoft SQL server
N/P
DB2
N/P
Sybase
N/P
Access
N/P
Oracle
N/P
N/P
Yes
Yes
Yes
N/P
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
ODBC-compliant interface to the RDBMS

Yes/No
Direct extract from database
Yes/No
System functionalities
Logical access control (user name and password)
Yes/No
Enforceable segregation of duties
Yes/No
Authorization facilities at various level
Yes/No
Preventive input controls
Yes/No
Automatic log data change
Yes/No
Audit trail at transaction level
Yes/No
Online help functions
Yes, for all modules and screens
Yes
N/A
Yes
Yes
Yes, for some parts of the system
N/A
Yes
N/A
N/A
No
N/A
N/A
N/A
N/A
User defined menus

Yes/No
Back-up facilities
Yes/No
Support recovery provisions
Yes/No
Archiving matured historical transactions
Yes/No
Legend 2
90
1. Yes, and it has been done.

2. Yes, but it has not been done.
3. No, not possible.
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

IT2
Oct 2012
Kyriba Semea
Management
11.1
Apr 2012
Misys
Kondor Trade Processing
(KTP)
7.0
Oct 2012
MCC Soft
Diapason
5.2
31 Oct 12
Misys
Opics Plus
3.1
04 Apr 12
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes

Yes
Yes
Remote connectivity
Yes
Yes
Kyriba is accessible using

IT2 fully supports Citrix and Terminal
Services web-based remote access to a Citrix Client and https
pages.
central server.
IT2 NET is an integral web-based
IT2 module that enables remote
users to submit deal request, netting
invoices, cash forecasts and other
data to the central database, and to
request and receive reports such as
deal confirmations and bank account
balance and transaction statements.
Yes
Yes
Yes
The technology used in

Diapason should support such
kind of remote connectivity,
but Diapason is built to avoid
this kind of architecture.
Diapason is a modern platform
natively build for the web, and
is a modern three-tier tool
that can be deployed in global
organizations without any
technical installation on endusers workstations.
N/P
The Misys Opics Plus user Interface is of type smart

client, which combines the power and flexibility of
thick client applications, with the stability and ease of
deployment associated with thin client applications.
The Misys Opics Plus solution may be implemented
with the deployment of Citrix technology, as illustrated
in the attached document Opics Plus Technical
Environment with Citrix and High Business Availability.
doc. This Citrix deployment will allow users in both
the local location (interconnected to the Opics Plus
data center via a LAN) and users in remote locations
(interconnected to the Opics Plus data center via a
WAN) to access Opics Plus as either a seamless desktop
session, or indeed access Opics Plus from a web
browser session.
Database
RDBMS (2)
1
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
No
Yes
N/P
Yes/No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
N/A
Yes
N/A
N/A
N/A
N/A
No
N/A
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
User defined menus

Back-up facilities
Yes
Archiving matured historical
transactions
Yes
Legend 2
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes

91

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12
Real time
Yes
Yes
Yes
Yes
In batch (overnight)
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No

Yes/No
Yes/No
Remote connectivity
Citrix compliant?
Yes
Description of remote connectivity
N/P
N/P
Oracle applications are 100%
internet enabled. In order for
the remote user to connect to
the system, he or she needs a
browser, internet connection,
user name and password.
N/P
Oracle applications are 100%
internet enabled. In order for
the remote user to connect to
the system, he or she needs a
browser, internet connection,
user name and password.
Yes
Remote connectivity to a central
server via internet or intranet
(Citrix or Native).
Database
RDBMS (2)
Microsoft SQL server
N/P
DB2
N/P
Sybase
N/P
Access
N/P
N/P
Oracle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes/No
Yes, for all modules and screens
Yes
Yes
Yes
No
Yes, for some parts of the system
N/A
N/A
N/A
Yes
No
N/A
N/A
N/A
No
Yes/No
Yes
Yes
Yes
No
Yes/No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
User defined menus

Back-up facilities
Yes/No
Yes/No
Legend 2
92


SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
Yes
No
No
Yes
No
No

Yes
Yes
Remote connectivity
Yes
Citrix clients can be used. No technology issues by using
a central server.
Yes
Yes
Yes
Connection via Citrix is one standard for our hosted

customers. We also use citrix to roll-out customer
hosted implementations globally.
N/P
Citrix is supported with very good

connectivity results; the integration
of subsidiaries can also be done
through the web.
Database
RDBMS (2)
1
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
User defined menus

Back-up facilities
Yes
Yes
Legend 2

93
Functionality instrument coveragefrom Bellin to Misys

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Section C: fuctionality
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Instrument coverage (3)
Interest rate instruments:
Overnight loans and deposits
Short-term loans and deposits
Short-term rollover loans and deposits
Repos
Zero-coupon CD, CP and T-bills
Coupon-bearing CD, CP and T-bills
Commercial paper and deep discount notes
Private Placements
Bullet
Linear
Annuity
Private Placements with irregular first coupon period and/or postponed

first coupon payment
Private placements with irregular last redemption (7 year loan with 6

similar redemption payments and one final redemption in year 7)
Medium-term notes with distinction between total facility and issued

notes
Plain vanilla bonds
Callable bonds
Putable bonds
Convertible bonds
Reversed convertible bonds
Floating rate notes
Notes with index or inflation-linked coupons
Leases
Mortages
Syndacated loan
Guarantees
FRAs (Forward rate agreement)
Futures on bonds and money market instruments
Interest rate swaps
Cross-currency interest rate swaps
Constant maturity swap
Caps, floors, collars
Swaptions
Hybrids
All of the above in all currencies
Other:
Forward accumulator
N/P
N/P
All instruments
N/P
N/P
N/P
Lines and facilities
N/P
Legend 3
94
1. The system offers this functionality (fully compliant).

2. The system was not primarily developed for this function, but can solve the task with manual intervention or additional programming (partially compliant, please add an explanation).
3. The instrument is not supported by the system at present.

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
1
Legend 3
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P

95
Functionality instrument coveragefrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12
Interest rate instruments
Overnight loans and deposits
Short-term loans and deposits
Short-term rollover loans and deposits
Repos
Zero-coupon CD, CP and T-bills
Coupon-bearing CD, CP and T-bills
Commercial paper and deep discount notes
Private Placements
Bullet
Linear
Annuity
Private Placements with irregular first coupon period and/

or postponed first coupon payment
Private placements with irregular last redemption (sevenyear loan with six similar redemption payments and one
final redemption in year seven)
Medium-term notes with distinction between total facility

and issued notes
Plain vanilla bonds
Callable bonds
Putable bonds
Convertible bonds
Reversed convertible bonds
Floating rate notes
Notes with index or inflation-linked coupons
Leases
Mortages
Syndacated loan
Guarantees
FRAs (Forward rate agreement)
Futures on bonds and money market instruments
Interest rate swaps
Cross-currency interest rate swaps
Constant maturity swap
Caps, floors, collars
Swaptions
Hybrids
All of the above in all currencies
Other:
Forward accumulator
N/P
N/P
N/P
N/P
All instruments
N/P
N/P
N/P
N/P
Lines and facilities
Legend 3
96


SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Legend 3
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P

97

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Interest instrument with:

Irregular coupon periods
Irregular redemption (roller coaster)
Coupon and redemption in different currencies
Amortizing, sinking or climbing notional amount
Index-linked coupons
Formula-based coupons
Formula-based redemption
Optional elements
Currency instruments
Spot and forwards
Currency swaps
Plain vanilla, put or call options
Barrier options (knock-in or out, reverse)
Average rate options
Non-deliverable forwards
All worldwide currencies available
Other:
FX swaps
N/P
N/P
N/P
N/P
European or American style
N/P
N/P
N/P
N/P
Double barrier
N/P
N/P
N/P
N/P
Cylinders
N/P
N/P
N/P
N/P
Timing options
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Exotic options
N/P
N/P
N/P
N/P
Average rate forwards
N/P
N/P
N/P
N/P
Currency strips
N/P
N/P
N/P
N/P
Forward rollovers
N/P
N/P
N/P
N/P
Equities:
Equities
Equity options (vanilla)
Treasury shares
Commodities instruments:
Commodity forward
Commodity swaps (vanilla)
Commodity swaps (Asian)
Commodity options (vanilla)
Commodity options (Asian)
Other:
Compound options
N/P
N/P
Swaptions
N/P
N/P
Precious metal
N/P
N/P
Currency-independent instrument coverage

Yes basic package (1)/Yes add-on patch (2)/No (3)
Create instrument by entering cash flow tables with coupon and redemption flows
Create instrument based on existing building blocks
Legend 3
98


IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P

1
1
1
Legend 3

99

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12
Interest instrument with:

Irregular coupon periods
Irregular redemption (roller coaster)
Coupon and redemption in different currencies
Amortizing, sinking or climbing notional amount
Index-linked coupons
Formula-based coupons
Formula-based redemption
Optional elements
Currency instruments
Spot and forwards
Currency swaps
Plain vanilla, put or call options
Barrier options (knock-in or out, reverse)
Average rate options
All worldwide currencies available
Other:
FX swaps
N/P
N/P
N/P
European or American style
N/P
N/P
N/P
Double barrier
N/P
N/P
N/P
Cylinders
N/P
N/P
N/P
N/P
Timing options
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Average rate forwards
N/P
N/P
N/P
N/P
Currency strips
N/P
N/P
N/P
N/P
Forward rollovers
N/P
N/P
Equities:
Equities
Equity options (vanilla)
Treasury shares
Commodities instruments:
Commodity forward
Commodity swaps (vanilla)
Commodity swaps (Asian)
Commodity options (vanilla)
Commodity options (Asian)
Other:
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Exotic options
Compound options
Swaptions
Precious metal
N/P
Legend 3
100

2. The system was not primarily developed for this function but can solve the task with manual intervention or additional programming (partially compliant, please add an explanation).

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
1
Create instrument by entering cash flow tables with
coupon and redemption flows
1
1
Legend 3
N/P

101
Functionality Position managementfrom Bellin to Misys

Company name:
System name:

tm5
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
Version:
Date:
tm5
05 Apr 12
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Type of collateral
Only cash
Yes
No
Yes
N/P
Other financial instruments
No
No
No
Yes
Bank guarantees
Third party as guarantor
Amortize the notional amount of guarantee
Flexible end date for a guarantee
Letters of Credit
Position management
Cash and liquidity management (4)
Manage different entities with different base currencies, chart of accounts,

bank accounts
Definable bank account structures
Categorization of bank accounts as internal (in-house bank) or external
Mark bank accounts, entities, countries for trapped cash
Reporting functionality to see bank balances on different levels (consolidated

level, country, entity, currency, etc.)
Calculation of liquidity, total cash positions and trapped cash
Import and aggregate account statements from several banks
List all bank accounts per legal entity with signature rights and static data
Handle cash as collateral
Cash forecasting (4)
Import future cash flows
Input forecasts through intranet version of application
N/P
Import live cash movements
Compare actual cash flows
Show realization of liquidity forecasts compared to actual cash flows
Distinction between status of cash flows or forecasts
Distinction between cash flow types
Statistics analysis between forceast and realization
In-house banking (4)
Account statements with total balance and cash movements
Interest statements on internal and external accounts
Distinction between internal and external payments
Target balancing proposition
Automatic routing internal payments
Automatic creation of intercompany loans
Possibilty for intercompany netting
Web-based publishing of bank statements
Multilateral intercompany netting functionalities
Functionality for multi-currency netting
Offer intercompany loans and deposits to internal account holders with

respective interest limits and tax withholding
Definition of netting cycles
Automatic generation of confirmations for netted transactions
Upload of netting details in the ERP system in order to perform reconciliations
Configuration of netting instructions depending on the account structure
Automatic generation of detailed netting reports to be sent to entities
Simulation of netting cycles
Schedule unattended (nightly) routines for (encrypted) uploading of files
Reporting of unprocessed transactions
Cash pooling (4)
Support for single cash pools
Support for cross-currency cash pools
Creation of bank account structure
The ability to define cash pools within cash pools
An unlimited number of levels in a cash pool
Sweeping proposal for zero balancing or leveling
N/P
Legend 4
102
1. Yes basic package

2. Yes add-on patch
3. No
Functionality Position managementfrom Bellin to Misys

IT2
Kyriba Semea
MCC Soft
Cash, Risk and Payment Management Diapason

Oct 2012
V11.1
Apr 2012
Type of collateral
Misys
Opics Plus
7.0
Oct 2012
3.1
04 Apr 12
Yes
No
Yes
Yes
Yes
No
No
Yes
Bank guarantees
1
N/P
N/P
N/P
N/P
Yes
N/P
Position management
1
Position management
1
1
3
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Cash pooling (4)
Legend 4
5.2
31 Oct 12
Misys
1
1

2. Yes add-on patch
3. No
103
Functionality Position managementfrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12
Type of collateral
Only cash
Yes
No
Yes
Yes
Other financial instruments
Yes
No
No
Yes
Bank guarantees
Letters of Credit
Position management
Manage different entities with different base currencies, chart of accounts, bank accounts
Definable bank account structures
Categorization of bank accounts as internal (in-house bank) or external
Mark bank accounts, entities, countries for trapped cash
Reporting functionality to see bank balances on different levels (consolidated level,

country, entity, currency, etc.)
Calculation of liquidity, total cash positions and trapped cash
Import and aggregate account statements from several banks
List all bank accounts per legal entity with signature rights and static data
Handle cash as collateral

Import future cash flows
Input forecasts through intranet version of application
Import live cash movements
Compare actual cash flows
Show realization of liquidity forecasts compared to actual cash flows
Distinction between status of cash flows or forecasts
Distinction between cash flow types
Statistics analysis between forceast and realization

Account statements with total balance and cash movements
Interest statements on internal and external accounts
Distinction between internal and external payments
Target balancing proposition
Automatic routing internal payments
Automatic creation of intercompany loans
Possibilty for intercompany netting
Web-based publishing of bank statements
Multilateral intercompany netting functionalities
Functionality for multi-currency netting
Offer intercompany loans and deposits to internal account holders with

respective interest limits and tax withholding
Definition of netting cycles
Automatic generation of confirmations for netted transactions
Upload of netting details in the ERP system in order to perform reconciliations
Configuration of netting instructions depending on the account structure
Automatic generation of detailed netting reports to be sent to entities
Simulation of netting cycles
Schedule unattended (nightly) routines for (encrypted) uploading of files
Reporting of unprocessed transactions
Cash pooling (4)

Support for single cash pools
Support for cross-currency cash pools
Creation of bank account structure
The ability to define cash pools within cash pools
An unlimited number of levels in a cash pool
Sweeping proposal for zero balancing or leveling
Legend 4
104

2. Yes add-on patch
3. No
Functionality Position managementfrom Openlink to TRINITY

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Type of collateral
No
Yes
Yes
Yes
Yes
N/P
Bank guarantees
1
1
Letters of Credit
Position management
Cash pooling (4)
Legend 4

2. Yes add-on patch
3. No
105
Functionality Confirmation and settlementfrom Bellin to Misys

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Country-specific holidays (4)

Take into account country, currency and location-specific holidays
Real time
Batch
Update on new trade
Update on market data change
Update on pre-defined sub-minute time intervals
Registration of historic quotes or bids and spreads
Modification of deals or orders via dealer intervention before being placed in the market
Report form
Automatic calculation broker fees or transaction costs
Interfaces between corporate treasury and business units allowing for deal capturing
and position reporting
Calendar uploading (4)

Calendar uploading, such as Target calendar
Performance revaluations (4)
Pre-defined allocation key for block trading (4)

Electronic dealing (4)
Hierarchical portfolio structure (4)
Anticipated exposure by portfolio (4)
Use dummy trades and phantom portfolios (4)
Include potential trades in position (4)
Dealers diary (4)
Dealing (4)
Capture deal requests from subsidiaries
Loans
Deposits
FX spot
FX forward
FX options
Dummy-deals, showing the real-time impact of the deal on financial positions,

forecasts and risks
Perform pre-deal limit checks
Convert deal requests automatically to an external deal (back-to-back)
Link between internal and external transactions (e.g., for internal hedge requests)?
Confirmation and settlement
Confirmation (4)
Generating confirmation letters with user-definable content
Templates for confirmation letters for different instruments
Standard interface with Misys and other confirmations settlements software
For automatic confirmation matching of deals
Automatically generate and send confirmations and reports via email
NA
NA
N/P
Electronically match incoming SWIFT confirmations (4)

If no, generation MTXX SWIFT (4)
Electronically match incoming TWIST confirmations (4)
Interface with Fx match (4)
Electronic banking (4)
Legend 4
106

2. Yes add-on patch
3. No

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

1

1
1

1
1
1
1
1
1
Dealers diary (4)
1
Dealing (4)
1
Confirmation (4)
1
NA
NA
NA
Confirmation (4)
1
3
1
Legend 4

2. Yes add-on patch
3. No
107

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Import of balances and movements from EB systems
Export payments to EB systems
Connecting directly to a banks server for exchanging EB information
Automated m-on-n reconciliation of cash flow forecasts with actual movements
Import of worldwide bank balances via SWIFT MT950/MT940 msgs
Import of intraday EB information
Standard settlement instructions (SSI) per instrument, per counterparty
Automatic payment generation from transactions
Warning signals when transaction details are irregular
Ability to define no payment instruction
Proposal for rate resets of floating coupons
N/P
Settlement (4)
Legend 4
108

2. Yes add-on patch
3. No

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Legend 4

2. Yes add-on patch
3. No
109
Functionality Confirmation and settlementfrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12

Take into account country, currency and location-specific holidays
Real time
Batch
N/P
Update on new trade
Update on market data change
Update on pre-defined sub-minute time intervals
N/P
Registration of historic quotes or bids and spreads
Modification of deals or orders via dealer intervention before being

placed in the market
N/P
Report form
Automatic calculation broker fees or transaction costs
Interfaces between corporate treasury and business units allowing for

deal capturing and position reporting

Calendar uploading, such as Target calendar

Dealers diary (4)
Dealing (4)
Capture deal requests from subsidiaries
Loans
Deposits
FX spot
FX forward
FX options
Dummy-deals, showing the real-time impact of the deal on financial

positions, forecasts and risks
Perform pre-deal limit checks
Convert deal requests automatically to an external deal (back-to-back)
Link between internal and external transactions (e.g., for internal hedge
requests)?
Generating confirmation letters with user-definable content
Templates for confirmation letters for different instruments
Standard interface with Misys and other confirmations settlements

software
For automatic confirmation matching of deals
Automatically generate and send confirmations and reports via email
NA
NA
NA
NA

Confirmation (4)

Legend 4
110

2. Yes add-on patch
3. No

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

1

1
1

1
1
1
Dealers diary (4)
Dealing (4)
NA

Settlement
Confirmation (4)
1
N/P
NA
NA
NA

1
NA
1
Legend 4

2. Yes add-on patch
3. No
111

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
2
Reval
Treasury and Risk
Management
12.0
02 Apr 12
1

Import of balances and movements from EB systems
Export payments to EB systems
Connecting directly to a banks server for exchanging EB information
Automated m-on-n reconciliation of cash flow forecasts with actual

movements
Import of worldwide bank balances via SWIFT MT950/MT940 msgs
Import of intraday EB information
Settlement (4)
Standard settlement instructions (SSI) per instrument, per counterparty
Automatic payment generation from transactions
Warning signals when transaction details are irregular
Ability to define no payment instruction
Proposal for rate resets of floating coupons
Legend 4
112

2. Yes add-on patch
3. No

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Legend 4

2. Yes add-on patch
3. No
113
Functionality accountingfrom Bellin to Misys

Company name:
System name:
Version:
Date:

tm5
05 Apr 12
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Accounting
Internal general ledger (4)
Journal entries in accordance with user-specified accounting rules
Transfer of accounting information to the GL independently for the different legal

entities in the system
Define unique accounting periods for each legal entity
Generation of balance sheets and P&Ls
Calculation of realized and unrealized results
Caculation of effective interest and amortized cost
Calculation of daily accruals
Automatic reversals of postings when correcting transaction errors
Forward-and back-dated entries
Linking financial instruments together (i.e., hedges and underlying)
Functionality for hedge accounting
Manual designation of hedge relationships (e.g., fair value hedge, cash flow hedge)
Automatically perform hedge effectiveness testing? Which methods?
A comparison of the critical terms of the hedging instrument and the item hedged
Dollar-offset method
Volatility Reduction Method
Regression analysis
Perform both prospective and retrospective hedge effectiveness testing
Automatically produce hedge documentation, in compliance with FAS133/IAS39
Disclose for any given period, which amounts are (de)recognized in equity and/or the
income statement in relation to hedging instruments
Balance sheet information for categories of financial assets and liabilities
Items of income, expense, gains or losses on financial instruments
Cash flow hedge specific information: the periods when the cash flows are expected
to occur and when they are expected to affect profit or loss
Cash flow hedge specific information: the detail of the amount recognized in and
de-recognized from equity during the period
Ineffectiveness recognized in profit or loss
Fair value hedge specific information: gains and losses on hedging instruments and
on hedged items
Fair value calculation for financial instruments at amortized cost
Portfolio analysis with reference to concentration of risk (credit, interest rate, FX, etc.,),
by setting specific query
Maturity analysis for financial liabilities
Sensitivity analysis for each type of significant risk, on financial instruments
Other:
Stress testing, what if simulation
N/P
N/P
Value at risk
N/P
N/P
Accounting (4)
Disclosure: does your system produce financial risk exposure analysis in compliance with IFRS 7? (4)
Currency of created journal entries

Real currency of the transaction
Yes
Yes
Yes
Yes
Base currency of the legal entity owning the transaction
No
Yes
Yes
Yes
System wide base currency
No
No
Yes
No
Optional (defined by the user)
Yes
No
Yes
No
Transaction level
Yes
No
Yes
Yes
Aggregated level
No
No
Yes
No
Optional/ defined by the user
No
Yes
Yes
No
Trade date accounting
Transfer level of information to accounting system
Audit trail of transaction, from deal entry to booking in general ledger

Yes, with before and after images
No
No
Yes
Yes
Yes, as event list
No
No
No
Yes
Yes
Yes
No
No
No
No
Yes
No
Audit trail of changes in fixed ledgers

N/P
N/P
Yes
Yes
Yes, as event list
N/P
N/P
No
Yes
114
Functionality accountingfrom Bellin to Misys

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Accounting
1
Accounting (4)
1
N/P
No
N/P
N/P
N/P
N/P
No
N/P
N/P
N/P

Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes
No

Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
No
Yes
No
No
Yes
Yes

1

Yes
No
Yes
Yes
No
Yes
Yes
No
No
Yes
Yes
No
Yes
No
No
No
No
No
No
No
Yes
N/P
Yes
Yes
No
No
N/P
No
No
Yes
115
Functionality accountingfrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12
Accounting
Journal entries in accordance with user-specified accounting rules
Transfer of accounting information to the GL independently for the

different legal entities in the system
Define unique accounting periods for each legal entity
Generation of balance sheets and P&Ls
Calculation of realized and unrealized results
Caculation of effective interest and amortized cost
Calculation of daily accruals
Automatic reversals of postings when correcting transaction errors
Forward-and back-dated entries
Linking financial instruments together (i.e., hedges and underlying)
Functionality for hedge accounting
Manual designation of hedge relationships (e.g., fair value hedge, cash flow hedge)
Automatically perform hedge effectiveness testing? Which methods?
A comparison of the critical terms of the hedging instrument and the item hedged
Dollar-offset method
Volatility reduction method
Regression analysis
Perform both prospective and retrospective hedge effectiveness testing
Automatically produce hedge documentation, in compliance with FAS133/IAS39
Disclose for any given period, which amounts are (de)recognized in equity and/or the
income statement in relation to hedging instruments
Accounting (4)
Balance sheet information for categories of financial assets and liabilities
Items of income, expense, gains or losses on financial instruments
Cash flow hedge specific information: the periods when the cash flows are expected to
occur and when they are expected to affect profit or loss
Cash flow hedge specific information: the detail of the amount recognized in and
de-recognized from equity during the period
Ineffectiveness recognized in profit or loss
Fair value hedge specific information: gains and losses on hedging instruments and on
hedged items
Fair value calculation for financial instruments at amortized cost
Portfolio analysis with reference to concentration of risk (credit, interest rate, FX, etc.,),
by setting specific query
Maturity analysis for financial liabilities
Sensitivity analysis for each type of significant risk, on financial instruments
Other:
N/P
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Real currency of the transaction
Yes
Yes
Yes
Yes
Base currency of the legal entity owning the transaction
Yes
Yes
Yes
Yes
System wide base currency
No
No
No
No
Optional (defined by the user)
Yes
No
No
No
Transaction level
Yes
Yes
Yes
Yes
Aggregated level
Yes
Yes
Yes
Yes
Optional and defined by the user
Yes
Yes
Yes
Yes
Stress testing, what if simulation

Value at risk

No
Yes
Yes
Yes
Yes, as event list
No
No
No
No
Yes
Yes
No
No
No
No
No
No
No
No
No
Yes
Yes
Yes
Yes, as event list
Yes
No
No
No
Legend 4
116

2. Yes add-on patch
3. No
Functionality accountingfrom Openlink to TRINITY

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12
Accounting
Accounting (4)
1
N/P
N/P
N/P
N/P
N/P
N/P
N/P

No
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
No
Yes
No
No
Yes
No
Yes
Yes
No
No
No
No
No
Yes
Yes
No

1

No
Yes
Yes
Yes
Yes
No
No
No
Yes
No
No
No
No
No
No
No
Legend 4
No
No
No
Yes
Yes
Yes
Yes
No

2. Yes add-on patch
3. No
117
Functionality Valuation and risk managementfrom Bellin to Misys

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Valuation and risk management

Valuation (4)
Use of all standard day count-conventions
Valuation using market quotations
Zero-coupon bond valuation
Option valuation
Calculation of implicit forward rates
Follow all positions in next-to-real time
Value portfolios under differing FX scenarios
Gap-analysis based on aggregating cash flows per time bucket
Gap-analysis based on total outstanding principle per time bucket
Macauly duration
Modified duration
Convexity
Greeks
Scenario analysis
Value-at-risk (variance-covariance method)
Value-at-risk ( historical simulation)
Value-at-risk ( monte carlo simulation)
Earnings at risk
Cash flow at risks
Backtesting
Stresstesting
Counterpart exposure
Fx-scenarios
N/P
N/P
N/P
Real time
Yes
N/P
Yes
N/P
Near real time
No
N/P
No
N/P
Reports or on user request
No
N/P
No
N/P
Risk measurement and analysis tools (4)
Other:
Vary confidence level and holding period to any required level
VaR drill down to sub portfolios
Calculate incremental VaR
Split VaR in components
Input proprietary volatility/correlation for Var
Presentation risk measurements
Performance measurement
Attribution analysis
Yes
No
Yes
No
Risk-related performance ratios
Yes
No
Yes
No
User-defined benchmarks
Yes
No
Yes
Yes
Calculate benchmark-related performance
Yes
No
Yes
No
Legend 4
118

2. Yes add-on patch
3. No

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

Valuation (4)
1
N/P
N/P
N/P
N/P
Risk measurement and analysis tools (4)

1
N/P
N/P
N/P
N/P
N/P
1
Yes

1
1
1
1
Input proprietary volatility and correlation for Var
1
Yes
No
Yes
Yes
Yes
No
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Legend 4
No
No
No
No
Yes
No
No
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
No
No
No
Yes

2. Yes add-on patch
3. No
119
Functionality Valuation and risk managementfrom Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12

Valuation
Use of all standard day count conventions
Valuation using market quotations
Zero-coupon bond valuation
Option valuation
Calculation of implicit forward rates
Follow all positions in next-to-real time
Value portfolios under differing FX scenarios
Gap analysis based on aggregating cash flows per time bucket
Gap analysis based on total outstanding principle per time

bucket
Risk measurement and analysis tools
Macauly duration
Modified duration
Convexity
Greeks
Scenario analysis
Value-at-risk (variance-covariance method)
Value-at-risk (historical simulation)
Value-at-risk ( monte carlo simulation)
Earnings at risk
Cash flow at risks
Backtesting
Stresstesting
Counterpart exposure
Fx-scenarios
N/P
N/P
N/P
Other:
Input proprietary volatility/correlation for Var
Real time
Yes
Yes
Yes
No
Near real time
Yes
Yes
Yes
Yes
Reports or on user request
Yes
Yes
Yes
Yes
Yes
Attribution analysis
Yes
No
No
Risk-related performance ratios
Yes
No
No
No
User-defined benchmarks
Yes
No
No
Yes
Calculate benchmark-related performance
Yes
No
No
Yes
Legend 4
120

2. Yes add-on patch
3. No

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

Valuation
1
N/P
N/P
N/P
N/P
Risk measurement and analysis tools

1
1
1
1
Input proprietary volatility and correlation for Var
1
No
No
Yes
Yes
No
Yes
No
No
Yes
Yes
No
No
Legend 4
No
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes

2. Yes add-on patch
3. No
121

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
Functionalties regarding limits

Maximum counterpart exposure
Maximum FX-exposure
Maximum gap per bucket
Maximum cumulative gap
Maximum duration
Maximum VaR
All of the above in any currency or aggregated to a currency of choice
The ability to define how exposures should be measured
Other:
N/P
N/P
N/P
Per counterparty
Per currency
Per country
Per product
Per portfolio
Per trader
Accrual basis
Yes
No
Yes
Yes
Mark-to-market basis
N/P
No
Yes
Yes
N/P
No
Yes
Yes
Weightening linked to instrument and maturity

Calculate limits
Expiration dates to specific limits

End of day report on intra day limit exceeding
Generating curves by adding spreadcurves
Override yield curve models
What-if yield curves and volatilty scenarios
Stress multiple risk factors
Scenarios on level
P&L calculations
Distinction realized and unrealized result

Yes/No
Support for electronic bank account management (4)
Management of bank relationships and storage of related documentation (bank CRM) (4)
Margin calculations based on the ISDA Credit Support Annex (4)
Continuous monitoring of status of payments by automatically retrieving status messages (4)
Automatic bundling of payments (4)
Automatic selection of the most favorable bank for a transaction (4)
Payment templates based on available master data (4)
Workflow technology to support payments (4)
Legend 5
122
1. The system gives a warning in real-time when a limit is violated

2. A report can be printed on which actual exposure can be compared to limits
3. The function is not supported by the system

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
V11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

1
N/P
N/P
N/P
N/P
N/P
No
Yes
Yes
Yes
N/P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Calculate limits

1
End-of-day report on intraday limit exceeding
1
1
1
3
1
Scenarios on level
P&L calculations
Distinction realized and unrealized result

Yes
1
1

1

1
1

3
1
1
Legend 5

123

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12

Maximum counterpart exposure
Maximum FX-exposure
Maximum gap per bucket
Maximum cumulative gap
Maximum duration
Maximum VaR
All of the above in any currency or aggregated to a currency of choice
The ability to define how exposures should be measured
Other:
N/P
N/P
N/P
N/P
Weightening linked to instrument and maturity

Calculate limits
Per counterparty
Per currency
Per country
Per product
Per portfolio
Per trader
N/P
N/P
Accrual basis
Yes
Yes
Yes
Yes
Mark-to-market basis
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes

End-of-day report on intra day limit exceeding
Scenarios on level
P&L calculations
Distinction realized/ unrealized result

Yes/No

Legend 5
124


SAP AG
ERP 6.0
12 Apr
ERP
6.012
12 Apr 12
Sungard AvantGard
AvantGard Treasury
05 Apr 12
05 Apr 12

TRINITY-TMS
5.3
05 Apr 12
5.3
05 Apr 12
Technosis AG
ATAQ
7.1
01 June 12
7.1
01 June 12

1
N/P
N/P
N/P
N/P
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Calculate limits Calculate limits

1
End of day report
day limit exceeding
End-of-day
reporton
onintra
intraday
1
1
1
What-if yield
curves
and
volatilty
scenarios
What-if
yield
curves
and
volatilty
scenarios
1
Scenarios on level
P&L calculations
realized/and
unrealized
result
Distinction realized
unrealized
result
Yes
Electronic bank
Bank account
Accountmanagement
Management (4)
(4)
Support for electronic
3
3
3

1
1

3
1
3
Legend 5

125
Functionality regarding reporting from Bellin to Misys

Company name:
System name:

tm5
05 Apr 12
Version:
Date:
Exalog
Allmybanks.net
2012
13 Apr 12
GTreasury SS LLC.
GTreasury
10.7
04 Oct 12
Hanseorga AG
FinanceSuite
4.2
02 May 12
Section D: Functionality regarding reporting

Built-in report writer
Third-party report writers

Crystal Reports
Yes
Yes
N/P
Infomaker
Yes
Yes
N/P
Business Objects
Yes
Yes
N/P
White Light
Yes
Yes
N/P
Cognos
Yes
Yes
N/P
Kronos
Yes
Yes
N/P
Magnitude
Yes
Yes
N/P
Yes
No
Yes
Yes
Drill down functionality

Write reports to files
Support graphics
Batch scheduler for running reports
Example set of frequently used standard reports
User-defined reports
Define and save own reports in detail
Yes/No
Historical reports based on key figure dates
Legend 4
126
1. Yes basic package.

2. Yes add-on patch.
3. No.
Functionality regarding reporting from Bellin to Misys

IT2
Oct 2012
Kyriba Semea
Management
11.1
Apr 2012
MCC Soft
Diapason
Misys
Misys
Opics Plus
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12

1

Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes

1
1
Support graphics
1
1
1
User-defined reports
1
Yes
1
Legend 4

2. Yes add-on patch
3. No
127
Functionality regarding reporting from Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
Treasury and Risk
Management
12.0
02 Apr 12

N/P
Crystal Reports
Yes
Yes
Yes
N/P
Infomaker
Yes
Yes
Yes
N/P
Business Objects
Yes
Yes
Yes
N/P
White Light
Yes
Yes
Yes
N/P
Cognos
Yes
Yes
Yes
N/P
Kronos
Yes
Yes
Yes
N/P
Magnitude
Yes
Yes
Yes
N/P
N/P
N/P
N/P
N/P
N/P
N/P
Yes
Yes
Yes
N/P
N/P

Support graphics
User defined reports
Yes/No
Legend 4
128

2. Yes add-on patch
3. No
Functionality regarding reporting from Openlink to TRINITY

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

1
Yes
Yes
Yes
N/P
N/P
No
N/P
Yes
Yes
No
Yes
N/P
N/P
No
Yes
N/P
Yes
No
Yes
N/P
N/P
No
N/P
N/P
N/P
No
Yes
Yes
Yes
Yes

Support graphics
1
User defined reports
Yes
1
Legend 4

2. Yes add-on patch
3. No
129
Other questions from Bellin to Misys

Company name:
System name:
Version:
Date:
Exalog
Allmybanks.net
GTreasury SS LLC.
GTreasury
Hanseorga AG
FinanceSuite
2012
13 Apr 12
10.7
04 Oct 12
4.2
02 May 12
We are constantly adding new

features based on input from
our customers and our internal
research results. This includes
adding MiSys connectivity, SEPA
support, Host-2-Host connections,
Treasury Network Bellin
Backstage.
Internationalization: nonlatin characters processing,

management of time zone
per user.
improvement.
Over the past few years, there

has been increased focus into
decision support tools and so
we are constantly enhancing
our Worksheets allowing the
users to turn treasury data
into information. Along with
this, interoperability is key.
Connectivity and transformation
of data sources is another
area that is required to centralize
data.
Integration of valuation into shortterm plannings and according to

multi-GAAP standards to postings.
Adding more depth to the very

comprehensive range of treasury
tools already existing within tm5,
e.g., realizing new local bank
connections. There is no new
version date published as of now.
We do not want to detail our

roadmap developments since it is
strategic information. We confirm
that our plan is based on five
major objectives:
Innovation
International development
improvement
Netting
eBAM
Next release is due out in Q1 or

Q2 of 2013, that release and the
subsequent will focus on:
Connectivity and
enhancements for eBAM
Increased connectivity for
eStatements
Improve and enhancements of
Worksheets
Enhanced reporting for data
transformation and delivery
Hedge accounting due Q4 2012
The key to a successful

implementation of
Allmybanks.net is to clearly
define the organization and rules
of the group before starting the
implementation. This will ensure
that all roles and needs are
appropriately accommodated
during implementation.
Implementation is performed
The most important criteria for a
in cooperation with our own
successful rollout of GTreasury is
consulting staff.
user commitment of resources.
Our staffing levels ensure that
service staff are ready to move
your project along as quickly as
needed, but in many cases clients
will underestimate the amount of
their time that is required to install
a system. Clients who allocate
time and resources to a GTreasury
implementation end up rolling out
the system quickly and effectively.

tm5
05 Apr 12
Section E: Others questions

Most important changes/new features in vendor system
Your opinion:
Major developments in short-term

What are the major developments that
you are planning for your system during
the next one to two years?
When is the next new version due?
Key factors for a successful implementation

What are the most important criteria for
a successful implementation of
your system?
130
An open mind for re-thinking

processes and a project leader
who can make decisions.
Other questions from Bellin to Misys

IT2
Kyriba Semea
MCC Soft
Diapason
Misys
Misys
Opics Plus

Oct 2012
11.1
Apr 2012
5.2
31 Oct 12
7.0
Oct 2012
3.1
04 Apr 12
Diapason leverages an up-todate powerful technological

platform to implement, in an
integrated and modular solution,
the answers to treasurers
concerns (globalization,
risks, efficiency ).
A disruptive feature relies on
the technological architecture
that embeds a business
process management engine.
This provides the ability to
automate and secure processes
in a very flexible, simple and
powerful manner.
The two main important changes

are the reporting tool and the
risk management module. These
enhancements allow customers
to manage their debt and liquidity
risks proactively.
Opics Plus is the latest

evolution of the Opics
Solution, which originally
started in 1993. The latest
iteration has been redesigned
using pure SOA techniques
utilizing .NET. As a result of
the re-architecture, Opics
Plus brings unparalleled
performance, scalability and
flexibility to the treasury and
capital markets business.
In addition, Opics Plus has
been awarded an Innovator
Award from Microsoft, and
has also undertaken extensive
performance benchmarking
in association with Microsoft.
Diapason provides a new

major version every year.
The next version is planned
mid-2013. The two next major
version goals are: payment
factory improvements,
trade finance, bond issues,
derivatives perimeter extension,
collateralization.
See E2. The latest version KTP

7.0 was released in October
2012. Some service packs will be
released throughout 2013.
A published Opics Plus

Roadmap is available to our
clients. This roadmap is also
discussed at our Global User
Conference.
Our system simplifies the

implementation issues by
providing, in a simple platform,
all the functional needs of
todays treasurers. It also gives
a lot of flexibility to fit precisely
with the corporate treasuries
business processes. A major key
success factor for a successful
Diapason implementation is
the strong level of the project
ownership. Good process
definition, structuration and
coordination are essential.
Clients do not always have the
time or the skills to conduct
these tasks internally and
consulting firms are key in
such context.
NA

IT2s process-oriented architecture
is revolutionizing treasury
technology, by enabling the
industry to re-focus on best
practice treasury workflows rather
than deal types. The IT2 treasury
process library empowers new
users to implement best practice
out of the box.
Other key developments in recent
releases include risk management
and hedge accounting functionality
in line with changing IAS and IFRS
requirements, eBAM, treasury
business intelligence and reporting
tools.
The most recent IT2 advances
focus on objective treasury
performance measurement using
client-selected treasury KPIs to
provide new levels of independent
analysis of the quality of results of
treasury processes.
Strong authentification > OTP (one-time

password)
Effectiveness test reporting
Apple native app
UK and Spain compliance
New supply chain fInance module:
dynamic discounting
Payment status report (PSR) management

See vendor profile
V13 excpected for Q1 2013

Hedge accounting module
Online dealing module/deal confirmation
(MTXX)
eBAM format
Japan compliance
Trade finance > letter of credit and
guarantee
New look and feel

Polymorphic Interface
Important criteria for success
include clear requirements
and scope definition, effective
two-way communications, and
team participation by the client
treasury and all other stakeholder
departments and third parties.
Availability of client experts in all
key areas, including technology
(unless the client opts for a hosted
solution), treasury accounting, risk
management, and management
reporting is also imporatnt.
Cooperation where necessary
from third parties such as banks,
SWIFT bureaus and so forth can
often be key elements in ensuring
implementaton project success.
Involvement of the customer project team.
We believe the following

factors are critical to ensure a
smooth implementation with
the time frames required:
1. Client participation
availability of key client
resources
2. Strong change control and
governance
3. Participation in the
project of Misys Opics Plus
experts
131
Other questions from Openlink to TRINITY

Company name:
System name:
Openlink
Findur
Oracle Corporation
Oracle Treasury
Version:
Date:
11
Apr 2012
12.1
14 Aug 09
Oracle Corporation
9.1
25 Oct 12
Reval
12.0
02 Apr 12

Your opinion:
N/P
Our most recent product

versions EBS release
12.1.x and PeopleSoft
9.1 are defined as
Global Releases. They
help organizations think
globally to make the right
decisions, work globally to
be more competitive, and
manage systems globally
to lower cost and increase
performance.
Our most recent product version release 9.1

introduced support for the SEPA payment
formats to be used in Europe and also supports
the Cash Sweep feature to allow automatic
sweep generation.
Reval allows our clients to

gain total visibility into their
organizations financial positions
by strategically managing
cash, liquidity and risk globally,
through Revals single SaaS
solution for treasury and risk
management. We aim to continue
to develop our platform to
align with the challenges of the
treasury marketplace. Some
of Revals most important new
capabilities are:
Full integration of cash,
liquidity, payments, risk
and compliance under a single
platform
Continued development in FX
and Money Market Fund trade
portal integration
Enhanced capabilities in
liquidity planning and cash
flow forecasting simulations
Enriched financial risk analysis
and what-if scenario review.
N/P
Due to the revenue

recognition requirements,
we cannot discuss in
detail future functionality.
However, as a part of the
Applications Unlimited
program, we continue
to innovate and invest
in our products based
on customer-driven
requirements.
Due to the revenue recognition requirements,

we cannot discuss in detail future functionality.
However, as a part of the Applications
Unlimited program, we continue to innovate
and invest in our products based on customerdriven requirements.
We aim to continue to develop

our platform to align with the
challenges of the treasury
marketplace. Some of our
strategic plans include:
Continue our industry-leading
position in financial risk
management and compliance
Develop next generation
capabilities within treasury
dashboards, KPIs (key
treasury performance
indicators) and mobile
Treasury access
Enhance proactive oversight
of treasury through real-time
alert management
Remain committed to
enhancements in usability
and intuitiveness so our
clients can easily leverage our
capabilities
N/P
Both customers IT
and business user
commitment to the project
is critical for a successful
implementation.
Both customers IT and business user

commitment to the project is critical for a
successful implementation.
Reval is committed to and has a

strong track record of delivery
with regards to on-time and
on-budget implementations
with our clients. Reval sees the
following as important criteria
for successful implementations:
Industry-leading expertise
and strength of Revals
global implementation team
members
Delivery of best-practice
recommendations combined
with the implementation of
the Reval solution
Revals commitment with
our clients on a mutually
agreed to delivery roadmap,
milestones and project plan

What are the major developments that you
are planning for your system during the next
one to two years?
When is the next new version due?

What are the most important criteria for a
successful implementation of your system?
132
Other questions from Openlink to TRINITY

SAP AG
Sungard AvantGard
AvantGard Treasury
Technosis AG
ATAQ

TRINITY-TMS
ERP 6.0
12 Apr 12
05 Apr 12
7.1
01 June 12
5.3
05 Apr 12

Hedge and commodity risk management

Correspondence framework for real
N/P
Bank transactions via EBICS (ATAQ 2Bank)
N/P
Due by end 2012
Availability of key customer staff to answer

questions during the implementation project.
Long experience in business.
straight-through processing
Banking connectivity
Cash flow and liquidity forecasting
Integration of treasury, controlling (P&L)

and accounting information in one platform
to ensure global and meaningfull
management information for internal and
external CFO reporting.

We will keep the focus on the topics
mentioned in the answer before (E2) and we
will also invest in support of CGI ISO 20022
payments format, continuous innovations
with regard to commodity risk management,
mobile apps, including for the release of
payments, improved processing of bank
statements in SAP Cash Management,
optimized import of bank statements and
in-memory (HANA) based cash forecasting
(all non-binding statements).
Further development of functions such

as payment factory and comodity risk
management.

Experienced consultants, involvement of
key users of treasury department, accurate
project planning within achievable project
milestones and a phased approach.
The client should recognize the benefits

of an integrated TMS and should actively
participate in the implementation of the
system; though the transfer of know-how
can be optimized and the dependence of the
client on external support will be minimized.
133
Ernst & Young Treasury Services contacts

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Australia
Ernst & Young Nominees (NSW) PTY Limited

Level 23, 8 Exhibition Street
Melbourne
3000
Ian Crofts
Telephone: + 61 3 9288 8029
Email: ian.crofts@au.ey.com
Belgium
Ernst & Young Bedrijfsrevisoren B.V. CVBA

De Kleetlaan 2
B1831 Brussels
Jean-Francois Hubin
Telephone: + 32 02 774 9266
Email: jean-francois.hubin@be.ey.com
Finland
Ernst & Young Oy

Elielinaukio 5 B
FI00100 Helsinki
Antti Hakkarainen
Telephone: + 358 207 280 190
Email: antti.hakkarainen@fi.ey.com
France
Ernst & Young LLP

Tour First
1, place des Saisons
92037 Paris La Dfense Cedex
Olivier Drion
Telephone: + 33 1 46 93 79 14
Email: olivier.drion@fr.ey.com
Jerome Brun
Telephone: + 33 1 46 93 48 60
Email: jerome.brun@fr.ey.com
Germany
Ernst & Young GmbH Wirtschaftsprfungsgesellschaft

Mittlerer Pfad 15,
70499, Stuttgart,
Germany
Dr. Steffen Kuhn

Telephone: + 49 711 9881 14063
Email: steffen.kuhn@de.ey.com
134
Hong Kong
Ernst & Young Limited

18/F
Two International Finance Centre
8 Finance Street
Central Hong Kong
Peter Picton-Philipps
Telephone: + 852 28469687
Email: peter.picton-philipps@hk.ey.com
Italy
Ernst & Young Financial Business Advisors SPA

Via Wittgens, 6
20123 Milano
Emilio Maffi
Telephone: + 39 02 722 12203
Email: emilio.maffi@it.ey.com
India
Ernst & Young Consulting India Private Limited

6th floor, Express Towers
Nariman Point
Mumbai 400 021
Maharashtra
Muzammil Patel
Telephone: + 91 22 4035 6300
Email: muzammil.patel@in.ey.com
Kuwait
Ernst & Young Kuwait W L L

Abdulla Mubarak Street
Souk As Safat, 3rd Floor
P.O. Box 74 Safat
Safat 13001
Imran A Ali
Telephone: + 965 229 55304
Email: imran.a.ali@kw.ey.com
Malaysia
Ernst & Young Advisory Services Sdn. Bhd

Level 23A, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara
50490 Kuala Lumpur
Ramesh Rajaratnam
Telephone: + 60 3 7495 8767
Email: ramesh.rajaratnam@my.ey.com
Middle-East
Ernst & Young Middle East

12th Floor, Al attar Business Tower, P.o. Box 9267
Sheikh Zayed Road
Dubai
Dr. Sandeep Srivastava

Telephone: + 97 14 3129 435
Email: sandeep.srivastava@ae.ey.com
Netherlands
Ernst & Young Nederland LLP

Antonio Vivaldistraat 150
1083 HP Amsterdam
Nico Warmer
Telephone: + 31 88 407 14 00
Email: nico.warmer@nl.ey.com
Arjan Peters
Telephone: + 31 88 407 17 80
Email: arjan.peters@nl.ey.com
Norway
Ernst & Young AS

Christian Frederiks plass 6
NO-0051 Oslo
Morten Abrahamsen
Telephone: + 47 476 18 712
Email: morten.abrahamsen@no.ey.com
Poland
Ernst & Young Polska SP Z O O Spolka Komandytowa

Rondo ONZ 1
00124 Warszawa
Pawe Preuss
Telephone: + 48 22 557 7530
Email: pawel.preuss@pl.ey.com
Russia
Ernst & Young Law (CIS) Moscow

Sadovnicheskaya nab. 77, bld. 1
Moscow 115035
Oleg Danilin
Telephone: + 7 495 755 9957
Email: oleg.danilin@ru.ey.com
Sweden
Ernst & Young Sweden AB

Jakobsbergsgatan 24
10399 Stockholm
Karin Sancho
Telephone: + 46 8 52059767
Email: karin.sancho@se.ey.com
Spain
Ernst & Young S.L.

Plaza Pablo Ruiz Picasso, 1
28020 Madrid
Francisco de Asis Velilla Velasco

Telephone: + 34 915 727 321
Email: franciscodeasis.velillavelasco@es.ey.com
South Africa
Ernst & Young (C.A.) SA

Wanderers Office Park
52 Corlett Drive, Illovo
Freda Britz
Telephone: + 27 11 772 3229
Email: freda.britz@za.ey.com
Switzerland
Ernst & Young AG

Maagplatz 1, 8005 Zurich
Roger Disch
Telephone: + 41 58 286 41 59
Email: roger.disch@ch.ey.com
United Kingdom
Ernst & Young, LLP
1 More London Place
London SE1 2AF
Richard Brown
Telephone: + 44 20 7951 5564
Email: rbrown2@uk.ey.com
Dimos Dimitriadis
Telephone: + 44 20 7951 9984
Email: ddimitriadis@uk.ey.com
Keith Strachan
Telephone: + 44 20 7951 5433
Email: kstrachan@uk.ey.com
United States
Ernst & Young LLP

5 Times Square
New York NY 10036-6530
Robert Baldoni
Telephone: + 1 212 773 5420
Email: robert.baldoni@ey.com
Davide di Gennaro
Telephone: + 1 212 773 5434
Email: davide.digennaro@ey.com
135
About the authors

Jrme Brun
Jerome is a senior manager with Ernst & Young LLP, the French Ernst & Young member firm, based in
Paris, and works for a dedicated treasury service line. Jerome has specific experience in cash and liquidity
management, post-merger and spin-off integration and short-term financing.
Arjan Peters
Arjan is a senior manager with Ernst & Young Nederland LLP, based in Amsterdam, with a focus on treasury
and financial risk management for multinational companies and banks. He has more than 14 years of
experience in financial services. He has been involved in various projects related to treasury organization
and control, financial and operational risk management and treasury system selections.
Davide di Gennaro
Davide di Gennaro is a New York-based senior manager in Ernst & Youngs Global Treasury Advisory
Services practice. He has over fifteen years of treasury and financial risk management experience,
including asset-liability management, foreign exchange risk management, treasury management and
operations, treasury organization design and integration, liquidity risk management, cash management,
funds transfer pricing, credit risk, securities and derivative valuation, and portfolio management. Davide
also focuses on the systems and risk management aspects of treasury and is often involved in both the
selection and the implementation of these systems.
136
Ernst & Young

Assurance | Tax | Transactions | Advisory
About Ernst & Young
Ernst & Young is a global leader in assurance, tax,
transaction and advisory services. Worldwide, our
167,000 people are united by our shared values and
an unwavering commitment to quality. We make a
difference by helping our people, our clients and
our wider communities achieve their potential.
Ernst & Young refers to the global organization
of member firms of Ernst & Young Global
Limited, each of which is a separate legal entity.
Ernst & Young Global Limited, a UK company limited
by guarantee, does not provide services to clients.
For more information about our organization,
please visit www.ey.com.
Ernst & Young is a leader in serving the global
financial services marketplace
Nearly 30,000 Ernst & Young financial services
professionals around the world provide integrated
assurance, tax, transaction and advisory services
to our asset management, banking, capital
markets and insurance clients. In the United States,
Ernst & Young LLP is the only public accounting
firm with a separate business unit dedicated
to the financial services marketplace. Created
in 2000, the New York City-centered Financial
Services Office today includes more than 3,300
professionals in over 30 locations across the US.
Ernst & Young professionals in our financial
services practices worldwide align with key global
industry groups, including Ernst & Youngs Global
Asset Management Center (based in London),
Global Banking & Capital Markets Center and Global
Insurance Center (both based in New York), which
act as hubs for sharing industry-focused knowledge
on current and emerging trends and regulations in
order to help our clients address key issues. Our
practitioners span many disciplines and provide
a well-rounded understanding of business issues
and challenges, as well as integrated services to
our clients.
With a global presence and industry-focused advice,
Ernst & Youngs financial services professionals
provide high-quality assurance, tax, transaction
and advisory services, including operations,
risk and technology, to financial services
companies worldwide.
Its how Ernst & Young makes a difference.
2012 EYGM Limited
All Rights Reserved.
This publication contains information in summary form
and is therefore intended for general guidance only. It is
not intended to be a substitute for detailed research or the
exercise of professional judgment. Neither EYGM Limited nor
any other member of the global Ernst & Young organization
can accept any responsibility for loss occasioned to any
person acting or refraining from action as a result of any
material in this publication. On any specific matter, reference
should be made to the appropriate advisor.
The views of third parties set out in this publication are
not necessarily the views of the global Ernst & Young
organization or its member firms. Moreover, they should be
seen in the context of the time they were made.
0910-1102102 NY
ED None
EMEIA MAS 1266.1112

Treasury Mangement Systems 2013 by EY

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Treasury Mangement Systems 2013 by EY

Uploaded by

Copyright:

Available Formats

Treasury Management

Treasury Management Systems Overview

Ernst & Youngs treasury service offering............................................... 1

Differentiators for treasury management systems..................................... 3

Ernst & Youngs treasury system selection and implementation approach........... 7

Ernst & Young treasury services contacts............................... 134

Chapter 1: Ernst & Youngs treasury service offering

The growing need to collect financial information from a groups entities

The heightened expectations regarding the internal control of treasury activities

We can provide you with ongoing assistance in:

Assistance in gaining acceptance (setting up test cases, sequencing)

Identifying risk areas based on a standardized approach

Treasury Management Systems Overview

Optimizing production of steering reports

Analyzing steering reports in line with the managements objectives

Assistance and follow-up in the implementation phase

solutions on the market that cover the various fields of treasury

Updated knowledge of the existing solutions on the market (regular global

A team of specialists composed of auditors and former treasury

management and banking consultants, and IT specialists who have

Chapter 2: Differentiators for treasury

Drivers in choosing a treasury management system (TMS)

Identifying and prioritizing the needs for business-critical treasury activities

Treasury Management Systems Overview

Identifying critical business requirements

Solutions to meet a changing business environment

Evaluating the costs and benefits of integration

Evaluating the software delivery model

Treasury Management Systems Overview

Assessing the vendor relationship during selection

Assessing the vendor implementation and post-sales support

Chapter 3: Ernst & Youngs treasury system selection

Treasury Management Systems Overview

Project start-up and planning

Phase 1: Strategic framework and requirements specification

Project plan system selection

Motivated long list

Analyze system integration

RFI = Request for information

Figure 1: System selection project plan

Motivated short list

Final report with

Key considerations on requirements at this stage may typically include:

Accounting standards in hedge designations and valuations

Phase 1: Strategic scope and requirement specification

Determine selection criteria

Motivated long list

Determine long list

Dene test agenda

Motivated short list

= Steering Committee meeting

Figure 2: Strategic framework and requirements specification

Treasury Management Systems Overview

Phase 2: Workshops and final system selection

Phase 2: Workshops and final system selection

To analyze system integration

= Steering Committee meeting

Figure 3: Workshops and final system selection

Phase 3: Integration process

Figure 4: Integration process

Treasury Management Systems Overview

Proposed integrated project team

Figure 5: Ernst & Young resources for integration

Chapter 4: Vendor profiles