5 Steps to Build an In-house Bank

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1 5 Steps to Build an In-house Bank How-to Guide Series for Treasury Practitioners PART 3

2 Ready to Boost Treasury Efficiency? Here is How. Treasurers in multinational organizations face high complexity. As their teams operate across many countries, currencies, systems and regulatory regimes, it is difficult to keep an overview on enterprise-wide cash flows and risk positions. Large volumes in cross-border transactions expose their companies to currency volatility, which can impact their profit and loss statements significantly. When moving millions of dollars on a daily basis, treasurers also want to make sure payments are executed thoroughly and securely. Nobody wants to see their business in the news for internal fraud or data breach. But complexity does not only raise risk levels. Getting on top of it really pays off. In recent years, leading companies have started implementing in-house banks. In a nutshell, in-house banks offer financial services to their business units that would typically be provided by a commercial bank. Examples include cash, liquidity, payments and risk management. In-house banks are gaining popularity, because corporates benefit by: Maximizing self-funding and freeing up cash Reducing payment and banking costs Increasing treasury efficiency and security To help treasurers get started, Reval has developed 5 Steps to Successfully Build an In-house Bank. 1

3 Components and Benefits of In-house Banks 2

4 5 Steps to Build an In-house Bank Define the Scope Decide what bank services will be handled by the treasury team. What functions will be insourced? What services will be provided by bank partners? Choose your focus areas form following components: cash visibility, cash flow forecasting, inter-company funding, centralized risk management, multilateral netting, payment and collection factories. Phase the Roll-out Create a step-by-step plan to implement your in-house bank. What is your starting point? What elements are contingent upon others? What are standalone components? Commonly, improving cash visibility is the first goal. Cash flow forecasting has to be implemented before intercompany funding. Risk management, multilateral netting and payment optimization are more stand alone. Select the Right Technology Choose the technology foundation for your in-house bank. What capabilities do you need to automate all components of your in-house bank? How can you connect your banks, ERP systems and other solutions? How can you collaborate with global subsidiaries and other departments? What technology is easy to roll-out, maintain and update? An inhouse bank needs advanced automation. It s time to say goodbye forever to spreadsheets. 3

5 Build a Business Case Show the benefits of an in-house bank to your business. What are the hard dollar savings in bank account management, transaction fees, bank fees, payments, funding costs or investment yields? What are the qualitative benefits of reduced operational risk, improved cash visibility, tighter risk controls, better reporting and better decision making? Report the ROI Inform your stakeholders regularly on progress and benefits of the project. What components have been rolled out? What are monetary benefits so far? What are the next steps? The best business cases front-load activities that provide the most tangible return on investment. This way, your management is happy for the fast ROI and your team is motivated for the next roll-out phases. 4

6 Looking for In-house Banking Tools? The Choice is Yours. Technology is often referred to as an enabler. In the case of an in-house bank, it is more than that. Technology is the underlying foundation. As in-house banks need advanced automation, spreadsheets and disparate systems are not well suited. Let s review how a cloud-based treasury management system can help treasurers to build an in-house bank. Cloud-based treasury technology provides: scalable bank connectivity for collecting and reporting bank statements and executing payments robust management of internal bank accounts with internal interest rates and fees flexible definition of cash flow forecasts including audit controls and analytics support of intercompany loan management and multi-lateral netting holistic management of enterprise-wide exposures. In-house banks leverage technology to centralize, standardize and automate processes in global corporations. Those treasurers who provide their stakeholders with a strong business case and a sensible roll-out plan are well-positioned for successful project approval and completion. 5

7 IN-HOUSE BANK COMPONENT Cash & Liquidity Management Intercompany Funding Risk Management TREASURY SYSTEM FEA- TURES Bank account administration Bank connectivity Bank account reconciliation Cash Pooling Payment execution Cash forecasting Virtual account management Internal interest rates and fees Intercompany financing and funding Exposure management, including FX, interest, commodity and other risks Value at Risk Cash Flow at Risk Hedge accounting ROI Increased cash visibility Reduce cash buffers Automate data gathering and account reconciliation Reduce number of bank accounts and bank relationships Improve forecasting accuracy Improve payment security Reduce external funding Reduce interest expense Optimize cash positions Free trapped cash Holistic view on risk Reduced hedging cost Optimized counterparty limits Multilateral Netting Intercompany payables and receivables Dispute management Netting calculations Physical settlement Intercompany account settlement Reduce transaction volumes Lower FX risk Enhance yields Payment & Collection Factory Payments on behalf of business units Collections on behalf of business units Authorization and release of payments Reduce payment cost Streamline payment workflows Improve payment security 6

8 About Reval Reval is the leading, global provider of a scalable cloud platform for Treasury and Risk Management (TRM). Our cloud-based offerings enable enterprises to better manage cash, liquidity and financial risk, and to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. With offerings built on the Reval Cloud Platform companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.For more information, visit or info@reval.com.

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