How does treasury adapt to the finance function of the future?

Transcription

1 How does treasury adapt to the finance function of the future? October 2017 The better the question. The better the answer. The better the world works.

2 Contents 1 2 How does treasury adapt to the finance function of the future? About EY Page 2

3 How does treasury adapt to the finance function of the future? Page 3

4 Treasury in a 4.0 world The role of the treasury function is evolving as corporate treasurers are expected to be more strategic, helping to resolve business and operational challenges. They are asked to manage financial risks in a volatile market, keep pace with regulatory change, help reduce commercial fraud and deal with an increased real-time demand for data from stakeholders. The added focus from regulators, stakeholders and auditors means that the reporting for financial instruments has come to the forefront. Historically, this is an area often sidelined due to its complexity but one that has resulted in numerous errors and restatements. Page 4

5 Treasury in a 4.0 world EY member firm s Managed Services combine technology and talent to offer a clear, cost-effective response to these challenges. Our approach can help to give confidence regarding the timely and accurate production of your financial statements, which may improve your stakeholders confidence and overall governance and assurance. It may also contribute to more efficient financial reporting with faster close time scales for annual accounts. At the same time, it can help increase efficiency by streamlining the team and systems, juggling new regulations, finding specialist talent at a reasonable rate and focussing on valueadded strategic activities. Page 5

6 Powering our services At the center of our offering is our innovative investment in technology. Our complete end-to-end service makes use of: Secure electronic data transmission Robotic interfaces A market-leading Treasury Risk Management (TRM) platform External market data EY Delivers and EY Robotics: Trade transmission and upload Leading TRMs and EY platforms Processing and analytics EY Delivers and visualization technologies Clear reporting preparation and transmission Page 6

7 Benefits to your business Our onshore technical teams, supported by our worldwide network of service centers, provide a cost-efficient approach, including: A seasoned business team We can provide you with the assistance you require when navigating new and complex changes. Reliability and clarity We understand your needs and are able to assist in creating management information reporting. Identification and understanding of your risks We can provide management information for upward communication, with the detail for you to make decisions. Enhanced control We can be a reliable pair of hands that can help you manage your internal control framework. Efficiently transform your business We can support your change program most likely resulting in efficiency and cost reduction projects. Page 7

8 Modular services tailored to your needs Our modular approach can be tailored to your requirements, which allows you to select the assistance services and reports you expect to benefit from the most. Potential outcomes of our assistance services may be: Measure the risk in your portfolio to help you understand how this is impacted based on your proposed trades Value simple and complex transactions with flexible valuation tools Perform pre-trade pricing that allows you to understand costs of derivatives in the market and to breakdown proposed prices from financial institutions Perform analytics, covering more than 950 investor relations, foreign exchange, commodity and credit model pricing inputs from around the globe Pre-trade analytics Post-trade analytics Implement flexible management information interfaces allowing you to create meaningful decisions from outsourced financial analysis Management reporting Measure and understand risks in your portfolio Stress-test and perform a portfolio analysis and a breakdown of valuation changes for each scenario, along with breakdowns of profit and loss changes or changes in equity Hedge accounting Test the effectiveness and accounting results in accordance with multiple regulatory guidelines Test the effectiveness and accounting results in accordance with multiple regulatory guidelines Identify a flexible interface to allow testing for both simple and complex trade and portfolio hedges Undergo a comprehensive profit and loss attribution analysis Carry out a customizable risk designations to incorporate or exclude risks Page 8

9 About EY Page 9

10 Financial Accounting Advisory Services EY contacts Americas Paul S DeCrane paul.decrane@ey.com Europe, Middle East, India and Africa Craig Kennedy ckennedy1@uk.ey.com Asia-Pacific Damien Jones damien.jones@au.ey.com Japan Kei Fujiwara kei.fujiwara@jp.ey.com Certain services and tools may be restricted for EY audit clients and their affiliates to comply with applicable independence standards. Please ask your EY contact for further information. Page 10

11 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG No GBL BMC Agency GA ED None In line with EY s commitment to minimize its impact on the environment, this document has been printed on paper with a high recycled content. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com