Creative Treasury Reporting

Avoid Data Waste
Andrea Ruiz De Castilla author pictureAuthor: Andrea Ruiz De Castilla

At BELLIN, we have always been passionate about reporting. Today, we would like to share some of the expertise that has gone into the development of our reporting philosophy and the insights that power your reports.

Reporting in corporate treasury

Upper management heavily relies on reporting data. In turn, businesses and their managers rely on their corporate treasury departments when it comes to maintaining and improving the financial health of their companies. Once merely an “offshoot” of the accounting department, corporate treasury has evolved and come into its own. Amongst many other responsibilities, treasurers serve as financial risk managers and advise on funding and investment decisions. Reporting plays a vital role in allowing treasurers to perform this role. On one hand, they supply management with a decision-making basis and direction. On the other hand, the corporate treasury department itself can benefit from reporting data as it can help give treasury departments professional direction. Reports serve as high level overviews that can be delivered to many stakeholders.

Vanilla reporting

Financial reporting usually satisfies multiple purposes, and as a result we see many treasury departments generate similar reports. The most popular staple report is the daily cash position report which is essential for the cash management activities of a treasury department. Variations of it can be produced but the key questions it must be able to help answer are: “what are our sources of funding? And if we don’t have enough cash to satisfy the necessary planned outflows, what are the most cost-effective instruments that can we draw upon for funding?” This report goes hand in hand with the credit line availability report which focuses on maximizing the use of your company’s credit facilities. With the operational requirements covered, companies will want to make long-term risk management decisions, and they can often do this by looking at a debt portfolio breakdown report.  These reports create a comprehensive portfolio that is ready to be sent to management for analysis. Sound familiar? You are likely already generating these reports, and they go a long way towards achieving sound governance of your company. Yet consider this, your excellent reports can be complemented by a deeper analysis, to arrive at an exhaustive assessment of the financial situation of your company.

The information overload aversion trap

With the main goal of reporting being to show a concise overview of the financial operations of a company, treasurers are hesitant to diverge from the regular report portfolios they are currently generating. Reporting is a time-consuming task, and without a dedicated tool, you need to collate potentially copious quantities of data from various sources. This large amount of data can be intimidating and quite dry to read, as the data has no real meaning until it’s been analyzed and presented in a meaningful way. First realize that taking the time to look for different data that might deepen your analysis is worthwhile and can bring about a reporting revolution, as you discover new reports that answer and transparentize issues that may have been on your backlog. The objective should be to generate these with your company’s DNA in mind, and tailor reports to the highest degree, so that they will be helpful to you specifically. With this in mind, an impediment you might encounter is pinpointing what to use, or even what questions you might want an answer to, that could be reasonably found in the data. Identifying the right KPIs to govern the report is something that requires skill and experience. The reporting nightmare is overloading managers with irrelevant reports, and hindering their managerial activities. As a result, a lot of data will sit unused in the company’s TMS until a decade passes and there is no longer a requirement to retain it. It’s easy to see why this might be a daunting task that is avoided, but you’re not alone, as knowledgeable treasury professionals can help you achieve these desirable reports.

The expanded portfolio

We’ve seen how important reporting is and in what form it gets used by corporate treasury departments. It is evident that the process benefits both treasury professionals and their management and that it lends visibility, certainty and strategic insight to the financial dealings of a business. While the vanilla reports meet the immediate operational goals, more often treasurers want to understand the future financial environment so they can adjust long-term goals to protect their position. TMS are data dumps with golden data nuggets scattered throughout: mining them can result in value adding discoveries. Treasury professionals have begun to approach BELLIN wanting to make use of the data they already have in their system to achieve the aforementioned. Some of our findings on how treasury teams can make use of their TMS data are inspiring. Analyze counterparty risks to help make strategic administrative decisions about your debt relationships. Get transparency and visibility into the payments you are making to achieve cost savings. Leverage readily available data in your TMS to estimate unexpected liquidity needs by analyzing historical overviews of previous actions and their outcomes. While these are some of the reports we have in the works, we truly believe that the best report is the report that is molded and personalized to your reporting DNA. We understand that our clients have their own reports, and that they excel in meeting their needs as these reports have been custom-built and altered to near perfection after years of use.  What we want is to be your treasury guru that expands your reporting portfolio to match the evolving industry trends and our personal insights of best practice – while saving you the headache resulting from the reporting pitfalls. Leveraging our treasury consulting knowledge, which we have obtained through years of implementing treasury software and just being plain treasury fanatics, we can analyze your raw data to create insightful, forward-looking reports. Give us a chance to show you the exciting world of reporting, contact us today to find out how we can help you utilize and get the most out of your data!

Reporting with BELLIN Vantage

If reporting is that crucial but also challenging, how can you manage it in a most time-effective, efficient and targeted manner? You need more than a generic treasury management tool – you need your TMS to have a dedicated reporting element. This is where BELLIN Vantage comes in: it offers customizable email reporting and makes the reporting process particularly efficient and user-friendly. What’s more, with BELLIN Vantage you can benefit from the help of our knowledgeable treasury professionals. BELLIN consultants will work with you and help you identify suitable KPIs and customize your reports. With this crucial step taken care of, the process of sending the report can be automated. All of this is done in a clear, concise and visually appealing form. So, while reporting requirements or identifying the right KPIs can be challenging, the right support and the right tool can help you professionalize and streamline your processes and overcome any obstacles. Contact us today to find out how BELLIN Vantage could benefit your treasury reporting!

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