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Best In Show [Global Finance](Global Finance Via Acquire Media NewsEdge) Global Finance presents the winners of its Treasury & Cash Management Providers Awards 2013. This year, we have expanded our evaluation process to include a survey of our corporate readers. By Anita Hawser and Rebecca Brace For this year's Best Treasury & Cash Management Providers Awards, we have expanded our coverage of Best Systems and Services Providers to include new categories in areas such as Software as a Service, consultancy services and EPvP systems.These additions reflect the increasing importance of enterprise software applications and different software delivery models to treasurers who are not IT experts but expect a lot from their IT systems. While visibility of cash has always been key, in the current economic climate, with bank ratings constrained by capital limitations, treasurers now face a markedly different treasury and cash management landscape. Few banks they do business with now are triple-A-rated, and treasurers want greater flexibility to modify banking partner relationships to handle counterparty risk concerns. Plus, they want greater visibility over their exposures. They do not want to be constrained by proprietary banking applications or different interpretations of so-called industry standards, and they do not want their banks to compete with one another on connectivity and standard interfaces, but rather to provide value-added services to help them better manage their cash and liquidity. This year's winners are banks and technology companies that give treasurers unprecedented visibility and transparency of information to make better-informed decisions about their cash, liquidity, payments and investments. Winners were selected with input from industry analysts, corporate executives and technology experts. A variety of subjective and objective criteria were used for choosing the winners. Factors considered include: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which providers successfully differentiated themselves from their competitors in core areas - such as payments, liquidity management, risk management, investments and regional capabilities. For the first time, we surveyed Global Finance corporate readers to help inform decision-making. What is increasingly apparent is that cash management is not just about market share, profitability and pushing products. It is about who goes the extra mile to deliver treasurers the solutions they need when they need it, no matter what region or market they are doing business in, and to support them in their enlarged role as strategic managers of risk within global organizations. GLOBAL WINNERS BEST OVERALL BANK FOR CASH MANAGEMENT Citi Citi provides services to 65,000 corporations in 1 40 countries. The bank, which has annual sales of over $10 billion, includes in its client list 97% of the top 300 companies of the 201 2 Forbes Global 2000, as well as governments, central banks, financial institutions and asset managers. Citi processes over five million transactions a day in over 130 currencies, while average deposits currently stand at $41 5 billion after growing 1 4% in the last year. Naveed Sultan, global head, treasury & trade solutions, Citi Transaction Services, says: "Through offerings such as our awardwinning CitiDirect BE Mobile, we are furthering our goal to be the world's digital bank by enabling our clients to manage their operating accounts, including intraday liquidity, transact and even inform their suppliers via mobile." BEST WHITE LABEL SYSTEM PROVIDER BNY Mellon Providing private label services for client banks is an area of strategic focus for BNY Mellon. "Our private label solutions are market leaders because they allow banks to manage costs and risks in today's increasingly challenging regulatory environment while also delivering customer-centric products and services to their clients," says Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon 's Treasury Services group. According to Skerritt, "Examples of recent advances include an improved electronic banking platform, advanced imaging technologies, integration of green initiatives into workflows, new remote processing capabilities, and a single-sign-on solution that allows customers of client banks to connect with our service delivery platform seamlessly, reliably and securely." REGIONAL WINNERS BEST BANK FOR CASH MANAGEMENT NORTH AMERICA Bank of America Merrill Lynch Bank of America Merrill Lynch serves 97% of the 201 1 US Fortune 1000 companies. In the past 12 months, BofA Merrill has focused on growing its end-to-end working capital solutions and has increased its capabilities in areas including commercial cards, ePayables and notional pooling. "The North America awards this year are particularly gratifying, given the year was characterized by market disruptions and economic uncertainty," says Dub Newman, BofA Merrill's head of global transaction services for North America. LATIN AMERICA Citi Citi provides payment services to all 23 countries of Latin America, and its transaction volumes in the region grew by 17% year-on-year in 2012. Meanwhile Citi's market share reached 20% last year as measured by SWIFT transactions to and from Latin America. The bank has expanded its capabilities in a number of areas in the past 12 months. Citi's Regional Receivables Aggregator solution is intended to provide faster and more detailed collection information in the region. Other developments in 2012 include the introduction of Remote Deposits in Venezuela, as well as bringing commercial card issuance capabilities to Peru. WESTERN EUROPE Deutsche Bank Deutsche Bank offers fully integrated cash management services from its branches in 1 4 countries in Western Europe and has a market share of 20% in terms of euro clearing. The bank has its own app-based distribution channel in the form of its Autobahn App Market. Offerings include its Liquidity Manager App, for daily liquidity analysis, forecasting, planning and management. "Deutsche Bank's cash management division continued to profit from the ongoing 'flight-to-quality' trend, resulting in strong transaction volumes and higher deposit volumes, as well as from active liquidity management," says Dieter Stynen, head of cash management corporates for Western Europe. NORDIC REGION SEB SEB's cash management clients include over 90% of the 100 largest corporates in the Nordic and Baltic region. It provides a range of cash management tools, including netting and currency trading capabilities as well as WebForecast, a liquidity and cash flow forecasting tool. In 2012 the bank integrated its cash management, trade finance and supply chain finance units into a transaction services offering. As well as growing its business across the Nordic region, particularly in Denmark and Norway, SEB last year expanded its services in Asia. CENTRAL LATIN AMERICA Citi Citi was the resounding winner of the Global Finance readers' poll in this category, gaining over 38% of the vote. In 2012 the bank launched a multibank target-balancing solution in Costa Rica, Guatemala, Panama and Uruguay. The intraday concentration solution allows companies to automate transactions from third-party banks as well as from other branches of Citi. "Extending and enhancing our technology-based products and capabilities ... remains a key component of our business strategy," says Carlos Castro, regional CM head for Latin America, Citi TS. LATIN AMERICA Citi Citi was the resounding winner of the Global Finance readers' poll in this category, gaining over 38% of the vote. In 2012 the bank launched a multibank target-balancing solution in Costa Rica, Guatemala, Panama and Uruguay. The intraday concentration solution allows companies to automate transactions from third-party banks as well as from other branches of Citi. "Extending and enhancing our technology-based products and capabilities ... remains a key component of our business strategy," says Carlos Castro, regional CM head for Latin America, Citi TS. x LATIN AMERICA Citi Citi was the resounding winner of the Global Finance readers' poll in this category, gaining over 38% of the vote. In 2012 the bank launched a multibank target-balancing solution in Costa Rica, Guatemala, Panama and Uruguay. The intraday concentration solution allows companies to automate transactions from third-party banks as well as from other branches of Citi. "Extending and enhancing our technology-based products and capabilities ... remains a key component of our business strategy," says Carlos Castro, regional CM head for Latin America, Citi TS. LATIN AMERICA Citi Citi was the resounding winner of the Global Finance readers' poll in this category, gaining over 38% of the vote. In 2012 the bank launched a multibank target-balancing solution in Costa Rica, Guatemala, Panama and Uruguay. The intraday concentration solution allows companies to automate transactions from third-party banks as well as from other branches of Citi. "Extending and enhancing our technology-based products and capabilities ... remains a key component of our business strategy," says Carlos Castro, regional CM head for Latin America, Citi TS. AND EASTERN EUROPE UniCredit With a presence in 19 countries in Central and Eastern Europe, UniCredit has an extensive footprint throughout the region. Seventeen percent of the group's revenues come from CEE, and almost half of its employees are located there. UniCredit's GTB division settles 3.5 billion payments a year and has a network covering 22 countries in continental Europe. In 2012, UniCredit launched a standardized cross-border account opening process. ASIA-PACIFIC HSBC HSBC provides a wide range of cash management solutions across the region. In November 201 1 , the bank released a mobile service for corporate clients, HSBCnet Mobile, which is available in 88 countries globally, including 19 countries and territories in Asia-Pacific. In its first 1 9 weeks, the service was used to authorize payments to the value of $500 million in Asia. MIDDLE EAST HSBC The largest international bank in the Middle East, HSBC offers cash management expertise to corporate clients in the region, including liquidity management and transaction management services as well as e-channel solutions. In 201 2, the bank further bolstered its presence in the region with the acquisition of Lloyds Banking Group's onshore retail, corporate and commercial banking business in the United Arab Emirates. AFRICA Standard Bank Standard Bank holds a 30% market share of the cash management business in Namibia, Malawi and Uganda, as well as over 50% in Lesotho and Swaziland. The bank invests over $70 million in technology annually, and its capabilities include domestic pooling and cash concentration. Last year the bank opened a branch in Juba, South Sudan, and introduced a number of new solutions for clients. BEST BANK FOR LIQUIDITY MANAGEMENT NORTH AMERICA Bank of America Merrill Lynch BofA Merrill offers a range of domestic and cross-border liquidity solutions, including a Global Liquidity Platform and Multi Bank Cash Concentration product. The bank's cash concentration capabilities include intelligent sweep logic, cross-region sweeps with same-day value and multibank sweeping based on endof-day or intraday balances. "During the past year we significantly enhanced our cash concentration capabilities," says Greg Kavanaugh, head of global liquidity and Investments at Bank of America Merrill Lynch. LATIN AMERICA Citi Citi was the resounding winner of the Global Finance readers' poll in this category, gaining over 38% of the vote. In 2012 the bank launched a multibank target-balancing solution in Costa Rica, Guatemala, Panama and Uruguay. The intraday concentration solution allows companies to automate transactions from third-party banks as well as from other branches of Citi. "Extending and enhancing our technology-based products and capabilities ... remains a key component of our business strategy," says Carlos Castro, regional CM head for Latin America, Citi TS. WESTERN EUROPE RBS Last year RBS introduced a new European pooling hub in Luxembourg for cash concentration into a master account based there and included in a cross currency notional pool. It offers RMB capabilites in European physical and notional pooling. Steve Everett, global head of CM at RBS, says the bank is "taking an advisory approach to providing tailored solutions to help meet our client's objectives." NORDIC REGION SEB When it comes to liquidity management, SEB is focusing on offering enhanced forecasting processes as well as supporting short-term investments and funding with the use of flexible solutions. The bank provides a range of cash pooling solutions within the region, including notional pooling and cross-border cash concentration. CENTRAL AND EASTERN EUROPE RBS RBS says it is leading the way when it comes to sweeping currencies in the countries of CEE. Steve Everett, the bank's global head of CM, says: "RBS's comprehensive in-country local presence provides the transactional banking platform which, when combined with our fully integrated liquidity management solutions, allows companies to make their cash work harder." ASIA-PACIFIC Standard Chartered Standard Chartered grew its domestic-currency-denominated liqudity management business by more than 50% year-on-year in 201 2. It is launching a global liquidity platform across Asian markets, starting with Hong Kong, that will offer solutions such as multicurrency notional pooling and enhanced cross-border sweeping. MIDDLE EAST Standard Chartered Standard Chartered provides solutions tailored to particular markets, such as shariah-compliant notional pooling, and in the past three years the balances included in its liquidity management solutions have grown by a compound annual rate of 80%. Standard Chartered is due to launch its liquidity management platform in the Middle East this year, starting with UAE in the first quarter. AFRICA Standard Chartered Standard Chartered offers sweeping as well as notional pooling with balance offset and notional interest aggregation solutions in 14 markets in Africa. The bank also provides a global revolving operating cash structure designed to optimize working capital, and third-party- bank sweeping capabilities. Standard Chartered's global liquidity platform will be introduced to its African markets in 2013, starting with Mauritius and South Africa. BEST PROVIDER OF MONEY MARKET FUNDS NORTH AMERICA J.R Morgan Asset Management J.R Morgan Global Liquidity has assets under management of $240 billion in the US. Bob Deutsch, head of asset management's global liquidity business, said that "in early 201 3, we [announced] we would disclose market-based net-asset-values-per-share (also known as Shadow NAVs) each business day for our US money market funds, increasing transparency." LATIN AMERICA Santander Santander gained 41 .8% of the votes in the Global Finance readers' poll for Best Money Market Fund Provider in Latin America. Its global asset management business, Santander Asset Management, is present in 1 1 countries, including Argentina, Brazil, Chile and Mexico, and has a total of euro1 40 billion ($1 87 billion) in assets under management. WESTERN EUROPE DB Advisors DB Advisors, Deutsche Bank's asset management arm, has over $122 billion of cash assets under management. Under its Global Liquidity Series fund, DB Advisors provides subfunds denominated in euro, dollar and sterling. The funds are triple-A-rated and have a constant net asset value. NORDIC REGION Nordea Nordea provides several money market funds: Nordea Euro Money Market, Money Manager, and Pro Euro Money Market. The funds invest mainly in money market instruments and euro-denominated short-term bonds and can be used in conjunction with Nordea's fund transfer service, which moves cash automatically into funds in order to streamline liquidity management. CENTRAL AND EASTERN EUROPE Raffeisen Bank International Raffeisen Bank International attracted an impressive 60.7% of the votes in the category of Best Provider of Money Market Funds in Central and Eastern Europe in Global Finance's TCM reader's survey. The Raiffeisen Liquidity Fund has shown a steady rise in returns since its launch in mid-March 2006. ASIA-PACIFIC JP. Morgan Asset Management J. P. Morgan Asset Management's money market funds in Asia now hold over $10 billion in assets under management. In addition to dollar, euro and British pound funds, it has funds denominated in Asian currencies, such as renminbi, yen and Singapore dollars. MIDDLE EAST Banque Misr The largest money market fund in Egypt, Banque Misr's Yom b Yom fund has assets under management of EGP21 .3 billion- compared with EGP9.9 billion held by its closest rival. The fund grew at a rate of 42% in 2012, up from 14% in the previous year. The Yom b Yom fund has an estimated market share of 33.4%. AFRICA Standard Bank One of the largest money market managers in South Africa, Stanlib (a subsidiary of Standard Bank's Liberty Group) provides a corporate MMF with a fixed-income fund rating of + /1 (zaf) issued by Fitch. Standard Bank won over 58% of readers' poll votes in this category. BEST BANK FOR RISK MANAGEMENT NORTH AMERICA J. P. Morgan J.R Morgan provides a wide range of solutions to help corporates tackle business risks, ranging from payables solutions which can be used to mitigate payment risk, to cash consolidation and automated sweeps. James McKenzie, executive director, J.R Morgan Corporate & Investment Bank, says managing counterparty risk is crucial for clients. "We have robust processes in place to manage our own counterparty exposures, and by sharing this experience, we help our clients analyze and understand the impacts of their own investment policy decisions." LATIN AMERICA Citi Citi has an established presence in Latin America, where it helps clients minimize their exposure to the risks associated with the high growth rates in the region. Citi has recently launched Mobile Collect to handle mobile-based collections in Dominican Republic. This initiative reduces the risk of fraud during the collections process as well as streamlining reconciliation and improving working capital. WESTERN EUROPE Deutsche Bank Paul Anderson, managing director, portfolio risk management, global transaction banking at Deutsche Bank, points out that global transaction banking is inherently a risk business. "We are taking more ownership of our risk decisions, using risk-reward considerations to steer strategy, pricing and capital management," he says. "Whereas in the past we mainly looked at risk on a deal level, our analysis now is undertaken at a portfolio level as part of an integrated process, which takes into consideration our client relationships and risk resources to ensure we achieve the optimum allocation by counterparty, product and country." NORDIC REGION Nordea According to Nordea, its competence in hedging customers' risks has helped to position the bank as a market leader for large corporations in the Nordic countries. The bank points out that its riskweighted assets decreased during the third quarter of 2012, while its core Tier 1 capital increased to 12.2%. CENTRAL AND EASTERN EUROPE Raiffeisen Bank International RBl, which views both Austria and Central and Eastern Europe as its home markets, claims to stand for stability and safety. Chief risk officer Johann Strobl says: "We constantly evaluate our internal processes and structures both to ensure the desired efficiency of the risk control systems as well as to uncover potential risks from operational processes at an early stage and be able to manage them accordingly." ASIA-PACIFIC Citi Citi manages over 2,400 liquidity management structures and supports over 200 multicountry Shared Service Centers in Asia Pacific. The bank draws upon an end-to-end approach to liquidity management that focuses on reducing operational risks for corporate clients while optimizing the use of local liquidity. Over 1 2,500 users in Asia are live on the bank's mobile platform, CitiDirect BE Mobile, which provides access to real-time aggregated cash balances. MIDDLE EAST HSBC HSBC provides a range of services that can help corporate clients in the Middle East reduce the risks associated with their cash flows. These include global payments and cash management, trade services, treasury services and corporate credit cards. AFRICA Citi "Our customers are faced with uncertainties in the environment, whether it is operational, credit or liquidity," says Ade Ayeyemi, Citi Transaction Services head, Africa. "Our experience, people and technology enable us to provide them with solutions to manage these risks. At Citi we are constantly evolving our solutions to meet the needs of our customers as they respond to the challenges they face due to risks embedded in their operations. Mitigating these risks is the key value we bring to the table." BEST BANK FOR PAYMENTS AND COLLECTIONS NORTH AMERICA Wells Fargo Wells Fargo processed over 5.2 billion electronic payments through the automated clearinghouse network in 201 1 , and over 40,000 of the bank's commercial customers use ACH services. The bank's payment offerings include its Commercial Electronic Office portal, used by 84% of the bank's commercial customers, as well as a CEO Mobile service that supports treasury management functions via Android, BlackBerry, iPhone and other Web-enabled mobile devices. LATIN AMERICA Citi Citi Latin America is expanding its flagship electronic banking platforms while pursuing new paperless payment and collections solutions. In addition, the bank is focusing on developing its card offerings and mobile technologies. "Corporate clients have experienced an increased need for efficient and cost-effective payments and receivables processes that generate and integrate reliable transaction data with their enterprise systems," observes Carlos Castro, regional cash management head for Latin America, Citi Transaction Services. WESTERN EUROPE Deutsche Bank Positioning itself as the leading SEPA bank, Deutsche Bank offers a range of services including format conversion and local international bank account number (IBAN) conversion, and has a state-of-theart SEPA processing engine. Deutsche Bank is also the leading euro clearer, with a market share of around 20%. "Deutsche Bank offers fully integrated services across Western Europe spanning payments services, payment clearing services and liquidity management services," says Dieter Stynen, the bank's head of CM corporates for Western Europe. NORDIC REGION Danske Bank Danske Bank is fully SEPA-compliant and provides a range of crossborder payment and collections services in the Nordic region via a single user interface. As well as providing SERA Direct Debit collections, the bank supports domestic collections, including Autogiro in Sweden, Autogiro in Norway and BetalingsService in Denmark. Danske Bank received the highest number of votes in this category in the readers' poll. CENTRAL AND EASTERN EUROPE UniCredit UniCredit offers a full range of payment and collection services in CEE, including Payment System XXL for high-volume payments and urgent euro payments under ISO 20022 XML. Its UC Payment Collection solution optimizes reconciliation for high payment volumes and its Premium Collect system automates reconciliation. In 2012 the bank introduced e-invoicing services in Bosnia and created a new payment gateway in Poland. ASIA-PACIFIC HSBC HSBC topped the votes in the readers' poll for Asia. Last year it launched an automatic reconciliation solution for fast-moving consumer goods clients as part of its Integrated Receivables Solutions. HSBC became the first foreign bank to get approval from China's State Administration of Foreign Exchange (SAFE) for a foreign currency cross-border netting solution. MIDDLE EAST Abu Dhabi Commercial Bank The third-largest bank in the UAE, Abu Dhabi Commercial Bank is 58% owned by the Abu Dhabi government. The bank's cash management business has grown by 65% in three years and now accounts for 30% of wholesale banking revenues. It supports a variety of payment and delivery methods via its multichannel payment solution and provides cash, paper and electronic receivables reconciliation. An impressive 50% of corporate transactions are now initiated electronically. It supports clients throughout the region via strong banking partnerships and partners with BofAML to provide global solutions. AFRICA Standard Bank In 2012, Standard Bank enhanced the payment capabilities of its electronic banking platform, new Business Online. "The banking environment in Africa is becoming increasingly complex," said a spokesperson, and companies are looking to optimize cash and liquidity management. BEST TREASURY MANAGEMENT SYSTEMS & SERVICES PROVIDERS ACCOUNTS PAYABLE SERVICES BNY Mellon SourceNet SourceNet, a division within BNY Mellon Treasury Services, was the overwhelming choice of the CFOs, finance directors and treasurers Global Finance surveyed as part of this year's awards. As companies look to streamline their AJP1 SourceNet helps themautomate what historically has been a manual, paper-based, labor-intensive process. ACCOUNTS RECEIVABLE SERVICES SunGard AvantGard Receivables SunGard AvantGard Receivables GETPAID is one of the most complete collections systems around. Companies using it report substantial reductions in metrics such as DSO and bad debts. One notable addition is statistical modeling, which helps companies perform riskbased scoring and analysis of debtors to predict payment behavior. ELECTRONIC INVOICE PRESENTMENT AND PAYMENT SERVICES Basware A key differentiator in the e-invoicing space is Basware 's Open Network, a B2B platform that "seamlessly" connects with other e-invoicing platforms. As analyst firm PayStream Advisors points out, Open Network means firms have to join only one network to "transact everywhere." Basware can handle electronic and paper invoices, and offers onsite and outsourced invoice scanning. PAYROLL SERVICES ADP ADP provides a wide range of payroll solutions, including fully outsourced payroll as part of its managed service, International Payroll, which handles the complexities of payroll operations across multiple countries, as well as an option that enables companies to outsource those components of payroll that are labor intensive. CORPORATE CARDS AND EXPENSE SERVICES PROVIDER] Visa According to PayStream Advisors, Visa has the largest percentage (42%) of global commercial and small-business card volume. Its IntelliLink Spend Management solution improves visibility and control over corporate card spend. "Unique to [IntelliLink] is the management of corporate cards at the point of sale," says PayStream Advisors. MULTICHANNEL PAYMENTS SERVICES/SOLUTIONS Clear2Pay Clear2Pay received the most votes in Global Finance's Treasury and Cash Management survey. Using its Open Payment Framework, Clear2Pay has a range of payment solutions - including its Bank Payment Hub to enable banks to move away from a silo-based architecture for processing payments. LOSS PREVENTION/BUSINESS CONTINUITY SERVICES PROVIDER IBM Business Continuity and Resiliency Services According to analyst firm Forrester, IBM is well placed to support business continuity management of large, complex organizations. It pinpoints IBM's approach to analysis, including its Resilience Framework, which looks at different layers within a business to glean information that is used to design a strategy and architecture that is ultimately more secure and resilient. PENSION PLAN ADMINISTRATION SERVICES Mercer Another resounding winner from our reader's poll, Mercer helps companies manage a wide range of pension schemes. Its services encompass administration, accounting and payments. Mercer launched its Workplace Savings solution to provide companies with more flexibility to respond to the ever-changing needs of the pensions market. TREASURY WORKSTATION PROVIDER SunGard AvantGard Steve Evans, COO, AvantGard Treasury, SunGard, says treasurers must ensure sound access to cash and credit facilities "while dealing with resource and cost restraints as well as complying with the rules of all the regulatory jurisdictions in which they do business." AvantGard offers a complete treasury solution for cash and risk management, managed bank connectivity and multiple deployment options. HOSTED TCM SOLUTION SunGard AvantGard SunGard AvantGard 's hosting and managed services make life easier for companies that do not want to sustain the manpower or level of investment required for an inhouse system. "Corporations today are challenged with reducing IT costs and increasing business demands," says Steve Evans, COO, AvantGard Treasury, SunGard. SOFTWARE AS A SERVICE (SAAS) OFFERING Ky riba Kyriba is one of few treasury system providers that are purely SaaSbased. Jean-Luc Robert, chairman and CEO of Kyriba, says SaaS is rapidly becoming the dominant delivery method for treasury technology. "The ability ... to access real-time data through a SaaS platform [offers] greater visibility of [the] overall financial position." ENTERPRISE RESOURCE PLANNING (ERP) SOLUTION SAP SAP provides a range of enterprise software solutions based on firm size. Analysts rate SAP highly for its cash management functionality and strong product development, and despite increasing competition from the likes of Oracle, SAP still boasts the largest market share. SWIFT UTILITY ACCESS Fundtech Service bureaus are an increasingly popular means for corporates to connect to the bank-owned network SWIFT. Following its merger with BankServ, Fundtech now offers an enhanced SWIFT service bureau to access a wide range of SWIFT utilities. CASH FORECASTING Kyriba Jean-Luc Robert, chairman and CEO of Kyriba, says the ability to reliably forecast revenues and payments is vital when making critical borrowing and investment decisions. With Kyriba, subsidiaries can input forecasts, and the data is then merged with real-time bank reporting to produce a consolidated global forecast. TREASURY ANALYTICS Bank of America Merrill Lynch CashPro Accelerate Using XML-based CashPro Accelerate, treasurers can more easily calculate their cash position. Cindy Murray, head of global treasury product infrastructure, platforms and e-commerce, says: "CashPro Accelerate has evolved to be a powerful tool to quickly gain visibility into global cash positions, cash inflows and cash outflows." BEST CORPORATE RISK MANAGEMENT SOLUTION Reval Reval offers an all-in-one solution that integrates cash and risk management functionality to address a broad range of risks, including liquidity risk, sovereign risk, currency risk and commodity, operational and compliance risk. It also provides access to a wide range of data, including rates and banking information, as part of its SaaS offering. TCM CONSULTANCY SERVICES Ernst & Young Ernst & Young came out on top of a large field of treasury advisers, according to the more than 300 treasurers, CFOs and financial professionals Global Finance surveyed in its reader's poll. Ernst & Young produces regular reports on cash and treasury management systems and providers, and advises on a range of key areas that impact treasury and cash, including corporate funding, liquidity management and risk management. MOST INNOVATIVE NEW SOLUTION SAP Financial Services Network SAP's Financial Services Network, which was announced at Sibos in Osaka in 2012 and is supported by a number of leading cash management banks, is a Cloud-based service designed to facilitate multibank routing, multiformat payments, on-boarding and corporate services application development and deployment. BEST MOBILE SOLUTION PROVIDER Wells Fargo Wells Fargo, a pioneer in corporate mobile banking, continues to dominate thanks to enhancements to its CEO Mobile service. Recent additions include CEO Mobile Deposit to capture check and money order images and deposit funds using an iPhone. "As our customers move from paper to electronic systems ... they are increasingly adopting our online and mobile channels," says Secil Watson, head of wholesale Internet solutions, Wells Fargo. (c) 2013 Global Finance Media Inc. |