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FIan Storkey, Storkey & Co NZSCT Auckland Seminar Thursday, 7 June 2001GGF Agenda Introduction Marketplace Vendor/System Appraisal Process for Selection/Implementation Advice from Treasurers Experiences & Key Advice  Introduction  1st Hand Experiences & Frequently Asked Questions Which is the best system? I was impressed by a system demonstration I think I need a STP treasury system I am not sure what process I should follow IT: Treasury has already decided their system Treasury: IT do not understand our requirements I hear that the vendors do not deliver what they promise Should I use an outsource provider? What should our budget be? How long is the project going to take?D2P /  System Infrastructure  Global Marketplace AFA Systems Musketeer Algorithmics Algo Suite Bloomberg Portfolio Trader Brady Trinity Calypso Technology Capix CTM 2000 CCK Guava Econintel ETS FNX Sierra, eSierra, E2STP FSS Spectrum FTI Treasury Systems FTI Star Integrity Integra-T Lombard Oberon, FirmRisk Manex Treasury Systems Parity MKI Midas, Summit, Opics, RiskVision, Equation etcVPV     C       X  +       |NetRisk RiskOps, Risk-in-Time OMR Trading Assistant PeopleSoft/FEA Treasury Mgmt Reuters Kondor+, KVar+, Diagram Richmond Software Millenium Selkirk Treasury Manager SimCorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity, Opus, Devon etc SunGard Tsy Quantum, QRisk, eTreasury Treasury Management Monarque Treasury Technology BenchmarkTM Trema Finance Kit Ubitrade Capital Markets, Futures & Options Wall Street Systems Wall St SystemP   %                                 F  Local Marketplace 4Capix CTM 2000 CCK Guava Integrity Integra-T MKI Midas, Summit, Opics, RiskVision, Equation etc Reuters Kondor+, KVar+, Diagram Selkirk Treasury Manager $-n ;         %  RSimcorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity etc SunGard Treasury Quantum, Qrisk, eTreasury Treasury Technology BenchmarkTM Outsource Providers??z 1 +                Vendor/System Appraisal Capix CTM 2000 Australian company Corporate treasury system Low cost Simple to operate MS Access database Good security & permissions System has potential System limitations, eg G/L Poor documentation*@     CCK Guava Well established Australian company F/O, M/O, B/O system Low-medium cost Guava  new  label Easy to use Good trade blotter Good risk management tools Limited user base Company struggling?. ZZ   Vendor/System Appraisal Integrity Integra-T Well established Australian company F/O, M/O, B/O system Uses Chrystal Reports Medium cost User friendly & intuitive Good company support Accounting & G/L an effort Limited risk management*2R   u  ZSimcorp IT/2 Well established international company F/O, M/O, B/O system Designed for corporates Medium cost Only just established in Australia Limited client base in region*  @ O   M  Vendor/System Appraisal SunGard Quantum, Qrisk Well established international company F/O, M/O, B/O system Uses Chrystal Reports Medium cost Improving company support (since KPMG) Not as easy to deal with company Slow Qrisk delivery*x    B  c     LTreasury Technology BenchmarkTM New Zealand company Risk management system Designed for corporates Low cost Simple to operate Limited client base System has potential*  N   9   D  Process Scoping study Requirements / strategy Selection process EOI/RFI RFT demos pilot testing Contract negotiation Implementation Acceptance tests data input reports // run cutover system livex8Z&Z$ZJZ8$ 9   Advice from Treasurers  Before starting the project, get an external view of what your needs are, as opposed to what your perceived needs are.  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I was impressed by a system demonstration I think I need a STP treasury system I am not sure what process I should follow IT: Treasury has already decided their system Treasury: IT do not understand our requirements I hear that the vendors do not deliver what they promise Should I use an outsource provider? What should our budget be? How long is the project going to take?D2P /  System Infrastructure  Global Marketplace Advent Software Advent Office Suite AFA Systems Musketeer Algorithmics Algo Suite Alterna Technologies Auros Bloomberg Portfolio Trader Brady Trinity Calypso Technology Calypso Capix CTM 2000 CCK Guava Demica Citadel Econintel ETS for Windows FNX Sierra, eSierra, E2STP FSS Spectrum FTI Treasury Systems FTI Star Integrity Integra-T Lombard Oberon, FirmRisk Manex Treasury Systems ParityP:          E          X    MKI Midas, Summit, Opics, RiskVision, Equation etc NetRisk RiskOps, Risk-in-Time OMR Trading Assistant PeopleSoft/FEA Treasury Mgmt Reuters Kondor+, KVar+, Diagram Richmond Software Millenium Selkirk Treasury Manager SimCorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity, Opus, Devon etc SunGard Tsy Quantum, QRisk, eTreasury Treasury Management Monarque Treasury Technology BenchmarkTM Trema Finance Kit Ubitrade Capital Markets, Futures & Options Wall Street Systems Wall St SystemP         %                                 F  Local Marketplace 4Capix CTM 2000 CCK Guava Integrity Integra-T MKI Midas, Summit, Opics, RiskVision, Equation etc Reuters Kondor+, KVar+, Diagram Selkirk Treasury Manager $-n ;         %  RSimcorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity etc SunGard Treasury Quantum, Qrisk, eTreasury Treasury Technology BenchmarkTM Outsource Providers??z 1 +                Vendor/System Appraisal   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~$Root EntrydO)`?k"@PicturesiCurrent UserASummaryInformation(RPowerPoint Document(KbDocumentSummaryInformation8 ^ !A Chart MSGraph.Chart.804Microsoft Graph 2000 Chart0CPicture Word.Picture.80,Microsoft Word Picture/ 00DTimes New Roman 6bb0bWo 0DZapfHumnst BTn 6bb0bWo 0" DWingdings BTn 6bb0bWo 00DZapfDingbatsn 6bb0bWo 0 R ` .  @n?" dd@  @@`` <4`h    or$yuIӘqiR$Hξ^(Y٘׭"iR$XBvSKtF#b$2EJge)$ R>"$dE^F#uLeTs@]2$]qHp&55t^ 0@8̊ ʚ;2Nʚ;g4GdGd0bppp@ <4!d!d 0b6b<4dddd 0b6b <4BdBdb. 0bbg46d6d0bp pp___PPT9n 8X(4u`ePNG  IHDRF} PLTEfffff3GtRNS@f cmPPJCmp0712Om&IDATc`  @gNS( IENDB`z? %++Treasury Systems Available to NZ Corporates"!   -Ian Storkey, Storkey & Co NZSCT May/June 2001..- Agenda Introduction Marketplace Vendor/System Appraisal Process for Selection/Implementation Advice from Treasurers Experiences & Key Advice  Introduction  1st Hand Experiences & Frequently Asked Questions Which is the best system? I was impressed by a system demonstration I think I need a STP treasury system I am not sure what process I should follow IT: Treasury has already decided their system Treasury: IT do not understand our requirements I hear that the vendors do not deliver what they promise Should I use an outsource provider? What should our budget be? How long is the project going to take?D2P /  System Infrastructure  Global Marketplace Advent Software Advent Office Suite AFA Systems Musketeer Algorithmics Algo Suite Alterna Technologies Auros Bloomberg Portfolio Trader Brady Trinity Calypso Technology Calypso Capix CTM 2000 CCK Guava Demica Citadel Econintel ETS for Windows FNX Sierra, eSierra, E2STP FSS Spectrum FTI Treasury Systems FTI Star Integrity Integra-T Lombard Oberon, FirmRisk Manex Treasury Systems ParityP:          E          X    MKI Midas, Summit, Opics, RiskVision, Equation etc NetRisk RiskOps, Risk-in-Time OMR Trading Assistant PeopleSoft/FEA Treasury Mgmt Reuters Kondor+, KVar+, Diagram Richmond Software Millenium Selkirk Treasury Manager SimCorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity, Opus, Devon etc SunGard Tsy Quantum, QRisk, eTreasury Treasury Management Monarque Treasury Technology BenchmarkTM Trema Finance Kit Ubitrade Capital Markets, Futures & Options Wall Street Systems Wall St SystemP         %                                 F  Local Marketplace 4Capix CTM 2000 CCK Guava Integrity Integra-T MKI Midas, Summit, Opics, RiskVision, Equation etc Reuters Kondor+, KVar+, Diagram Selkirk Treasury Manager $-n ;         %  RSimcorp TMS 2000, IT/2 SunGard Trading Infinity, Panorama, e-Finity etc SunGard Treasury Quantum, Qrisk, eTreasury Treasury Technology BenchmarkTM Outsource Providers??z 1 +                Vendor/System Appraisal ^Capix CTM 2000 Australian company Corporate treasury system Low cost Simple to operate MS Access database Good security & permissions System has potential but also limitations*   dCCK Guava Well established Australian company F/O, M/O, B/O system Low-medium cost Guava  new  label Easy to use Good trade blotter Good risk management tools Limited user base*    Vendor/System Appraisal ~Integrity Integra-T Well established Australian company F/O, M/O, B/O system Uses Chrystal Reports Medium cost User friendly & intuitive Good company support Accounting & G/L can be an effort*.R   d  ZSimcorp IT/2 Well established international company F/O, M/O, B/O system Designed for corporates Medium cost Only just established in Australia Limited client base in region*  < O   M  Vendor/System Appraisal SunGard Quantum, Qrisk Well established international company F/O, M/O, B/O system Uses Chrystal Reports Medium cost Improvement in support since bought from KPMG System requires effort to configure *V    B  g  LTreasury Technology BenchmarkTM New Zealand company Risk management system Designed for corporates Low cost Simple to operate Limited client base System has potential*  H   9   D  Process Scoping study Requirements / strategy Selection process EOI/RFI RFT demos pilot testing Contract negotiation Implementation Acceptance tests data input reports // run cutover system livex8Z&Z$ZJZ8$ 9   Advice from Treasurers  Before starting the project, get an external view of what your needs are, as opposed to what your perceived needs are.  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D  SKey Advice: Sound project structure Good project manager Careful project management:  unH unTP      hh} @ N\ogֳgֳ?l  cSeek early benefits for users Double the time Reference checks essential Relationship management!!"d und< +   hh @ Z 31f11?,  @ Nwgֳgֳ?"pY  1You will need to make tradeoffs during evaluation2P n21  0XXH @ 0޽h ? &L333333x&-LYMMMrP@ѯj0^   "U-4(   Z՜.+,0    On-screen ShowStorkey & Co Limitedeb  Times New RomanZapfHumnst BT Wingdings ZapfDingbats RicepaperMicrosoft Graph 2000 ChartMicrosoft Word Picture,Treasury Systems Available to NZ CorporatesAgenda IntroductionSystem InfrastructureGlobal MarketplaceLocal MarketplaceVendor/System AppraisalVendor/System AppraisalVendor/System AppraisalProcessAdvice from TreasurersAdvice from TreasurersExperiences & Key Advice  Fonts UsedDesign TemplateEmbedded OLE Servers Slide Titles #_b Ian StorkeyIan Storkey^Capix CTM 2000 Australian company Corporate treasury system Low cost Simple to operate MS Access database Good security & permissions System has potential but also limitations*   dCCK Guava Well established Australian company F/O, M/O, B/O system Low-medium cost Guava  new  label Easy to use Good trade blotter Good risk management tools Limited user base*    Vendor/System Appraisal ~Integrity Integra-T Well established Australian company F/O, M/O, B/O system Uses Chrystal Reports Medium cost User friendly & intuitive Good company support Accounting & G/L can be an effort*.R   d  ZSimcorp IT/2 Well established international company F/O, M/O, B/O system Designed for corporates Medium cost Only just established in Australia Limited client base in region*  < O   M  Vendor/System Appraisal SunGard Quantum, Qrisk Well established international company F/O, M/O, B/O system Uses Chrystal Reports Medium cost Improvement in support since bought from KPMG System requires effort to configure *V    B  g  LTreasury Technology BenchmarkTM New Zealand company Risk management system Designed for corporates Low cost Simple to operate Limited client base System has potential*  H   9   D  Process Scoping study Requirements / strategy Selection process EOI/RFI RFT demos pilot testing Contract negotiation Implementation Acceptance tests data input reports // run cutover system livex8Z&Z$ZJZ8$ 9   Advice from Treasurers  Before starting the project, get an external view of what your needs are, as opposed to what your perceived needs are.  Insist on a pilot test  for a capped cost (rebated if system purchased), we got access to their system and a chance to satisfy ourselves in our own time.  The project took much longer than we expected, about double the time.  Expectations need to be carefully managed. Z Advice from Treasurers  It is important to have a fallback in case it is not possible to complete a deal with the preferred supplier.  Use of a documented procedure for logging problems and questions about the system is very useful.  A good project manager is needed.  Manual input of data is recommended as data transfers can be difficult and it can be a good training process for users. rZrq  Experiences & Key Advice  r--b