AFP Launches Guide to Treasury Technology

News provided by

Association for Financial Professionals

Oct 05, 2011, 01:57 ET

Helps executives assess a wide range of financial technology and put appropriate solutions into practice

WASHINGTON, Oct. 5, 2011 /PRNewswire-USNewswire/ -- The Association for Financial Professionals today launched the first of a new series of AFP treasury management guides, the AFP Guide to Treasury Technology, to help corporate treasurers navigate the choices of complex financial technology solutions available to them.

The guide, which is sponsored by Wall Street Systems, arose as a result of trends that both AFP and Wall Street Systems had observed in the shifting role of the corporate treasurer. It provides case studies and articles about the challenges that corporate treasurers face and the specific solutions they have deployed to meet those challenges. A robust reference section aides in implementation.

"In today's volatile business environment, this guide will be an invaluable tool to help corporate treasurers identify the most appropriate technology solution for their needs," said Jim Kaitz, AFP's president and CEO. "Most importantly, the guide will help them implement their selections successfully."

In the current financial environment, the role of corporate treasury has become more strategic, functioning at the core of a business to drive risk management, reduce costs, manage liquidity and optimize the use of funds for maximum operating efficiency and control across the enterprise. With increasingly global businesses and expanded supply chains, the corporate treasurer must capture transactional data beyond central treasury, maintaining a global view of financial risk. As a result, technology also plays a central role in the financial success of a business.

"Wall Street Systems is delighted to have worked with the AFP. We collectively appreciate that in a changing world the options can seem vast and driving change can be a daunting task. This reference guide aims to help AFP members to make informed choices to meet the ever demanding needs placed on them as a business, whilst supporting their roles to address strategic requirements – putting treasurers in control," said Paul Wheeler, managing director, Wall Street Systems.

The guide supports the full spectrum of technology decisions that today's corporate treasurer makes:

Carrying out a minor enhancement
Moving to web-delivered treasury operations
Consolidating systems
Selecting and implementing a new solution

It covers solutions ranging from treasury workstations up to enterprise treasury systems for the most complex requirements, from turnkey solutions to configurable or even custom-designed solutions.

All AFP members will receive the guide as a member benefit. Non-members may read an excerpt and learn more on www.afponline.org/techguide.

ABOUT AFP® (www.afponline.org )
The Association for Financial Professionals (AFP) is the daily resource for a network of more than 16,000 treasury and finance professionals. Headquartered outside Washington, D.C., AFP provides members with news, economic research and data, treasury certification programs, networking events, financial analytical tools, training, and public policy representation to legislators and regulators.

AFP's global reach extends to over 150,000 treasury and financial professionals worldwide, including AFP of Canada; London-based gtnews, an on-line resource for the treasury and finance community; and bobsguide, a financial IT solutions network.

SOURCE Association for Financial Professionals