Finastra enhances its KTP Treasury Management software to streamline corporate treasury

By Puja Sharma

Corporate treasurers in the Benelux region and France can now manage trades from start to finish in a single system, featuring easy-to-use dashboards that enhance efficiency and reduce errors.

Finastra, a financial services software company, announced enhancements to its KTP treasury management software. The new functions enable corporate treasurers to execute front-to-back trades fully within the system, as opposed to needing to access multiple tools, driving greater efficiencies, including faster time to market, a simpler user experience, and error reduction.

Eric Aillet, Principal Product Manager at Finastra said, “In today’s complex environment, treasurers need simple solutions to manage day-to-day operations. The updates to our Finastra KTP Corporate Treasury Innovation solution take full advantage of Finastra’s advanced technology stack and first-hand feedback from former treasurers, empowering our customers with a system which champions a proactive approach to treasury management.”

Treasurers benefit from an end-to-end management solution, removing the need to juggle individual functions from multiple systems (including execution, position keeping, and confirmation matching).

Natively integrated with 360T and Finastra CMS, users can configure workflows to automate the processes from deal execution through to confirmation and settlement.

The cloud-enabled platform now includes web-based, real-time dashboards, designed to support treasurers’ day-to-day operations with a consolidated view of liquidity and financial positions, offering a more intuitive and simplified user experience and providing greater consistency across geographies. Based on a responsive design, the solution is inherently business process-oriented, reducing the learning curve.

The dashboard updates also contribute to reliability, providing monitoring tools for error management. For example, with Finastra technology, the risk of accidentally inverting the direction of a transaction is dramatically reduced, as is the risk of double entries, which is inherent when multiple systems are in play.

A dashboarding engine delivers an easy-to-configure report engine, integral for customising decision-making and managerial reports. With compliance also being an important consideration, the KTP platform includes the ability for treasurers to check directly with the front office to ensure best execution.

The enhancement is part of Finastra’s ongoing commitment to helping its corporate treasurer customers meet changing market demands.