Treasury Information Modules
January 24, 2009 – 6:08 amA treasury information system allows a company to electronically access its bank accounts and transaction activity. The two prevalent system configurations involve PC-based systems, often referred to as a treasury workstation (TWS), and Internet-based systems, accessed through a Web browser. The largest companies often choose to establish mainframe-to-mainframe computer interfaces.
The Basic Modules
The following modules provide the basic reporting required by many companies. The technology for these systems is available from most banks, several of which have a long history of product development and delivery.
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Previous-day and same-day reporting. Yesterday’s and today’s ledger and available balances are listed, including details of debits and credits, float by day (zero-, one-, and two-day), and other transactions. There is usually a premium charge for same-day reporting. Since banks run their DDA systems (from which much of this information is derived) overnight, same-day reporting requires feeds from separate reporting systems and is, therefore, more costly to develop.
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Polling and parsing. Account data can be retrieved by polling banks electronically and then downloading or parsing information into reports based on a script developed at the time of installation. Important features include the following:
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Automatic dialing of banks
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Electronic responses through scripts
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Selection of appropriate data
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Formatting into reports
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Exception reports of banks for which information was unavailable
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Taken From : Essentials of Managing Corporate Cash
