Berlin, 5th October 2005 - Corporate treasurers will for the first time be able to streamline and automate front, middle and back office treasury management without the costs and complexity of the traditional installed solutions. Misys Treasury Plus, launched today by Misys Banking Systems (Misys), is on-demand 'Software as a Service' (SaaS), providing a comprehensive suite of integrated tools for managing working capital and liquidity across multiple-banking relationships, accounts and currencies. Building on Misys Treasury, the market leading post-trade services platform, Misys Treasury Plus integrates both transaction services and application services within a single portal to connect corporate treasurers with multiple banks and other sources for liquidity provision, transaction management, and management information.
Misys already provides treasury management services to over 4,000 users across the world's leading corporations, as well as 70% of the top 25 investment managers, which means that it understands the twin challenges of cost and risk reduction the treasury function faces in such organisations. It has seen an increase in demand for accessing treasury management tools as a service rather than installed software, the latest step in the evolution of treasury management technology - a trend also identified by the major analyst firms, such as Financial Insights.
Many analyst firms have also seen a gap in the market for a truly integrated platform to satisfy the demand for corporate treasurers. As Greenwich Associates puts it in their recent report on treasury management systems: "The challenge faced by TMS vendors is creating a platform that is able to navigate many levels of communication, including front-office to back-office within a company and from individual companies back to their banks."
This new approach provides all the benefits of full-scale treasury applications without the risks and costs associated with owning and managing them, as this done by Misys as a trusted third party from their audited and certified data centre facilities. The simplicity of delivery and pricing in the SaaS model makes it attractive and accessible to corporate treasurers who need access to treasury management support tools without being locked into any individual bank or the burden of in-house software. Whether it's accessing liquidity from one of over 70 providers, the STP and risk-reduction benefits of cross asset-class automated confirmation matching, multi-bank cash balance reporting, or the complexities of managing a hedging portfolio, doing so through a single, secure portal from anywhere in the world with internet access brings a new era of control and flexibility to corporate treasury.
"Most of our customers are looking to streamline and automate their front, middle and back offices to save cost and time while making sure they manage risks effectively," comments Mark Davies, CEO of Misys Global Managed Services. "Misys Treasury Plus has been developed in close consultation with our customers. Our trading and post-trade services are already leading services in their class, with cash management, exposure aggregation and risk management now being added to the platform to create the first Integrated Treasury Portal. We will continue to work with our customers to ensure that they can focus on running their business while we take care of the running the technology to support it."
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For further information, please contact
Edward Taylor
Financial Dynamics
+44 (0)20 7269 7295
edward.taylor@fd.com
Kirsty Lowe
Marketing Manager
Misys Banking Systems
+44 (0) 208 879 1188
kirsty.lowe@misys.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 90% of the world's top 50 banks (Source: The Banker, July 2004), with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
About Misys
Misys plc (FTSE: MSY), the global software company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 90% of the world's top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
