Have you ever thought about how data analytics can better help you solve your day-to-day treasury problems?
In recent years, the increasing complexity of regulatory compliance, the proliferation of data across multiple systems, pressing issues in asset and liability management, liquidity and risk management, and cash flow forecasting have made it more challenging for treasurers to obtain reliable data. to be used for greater efficiency and realization. time decision making.
Currently, most treasury analysis is mainly performed on Excel templates with pre-built formulas fed with manually collected data from various sources, simulated for sensitivity, scenario, forecasts, risk value, capital adequacy and ratio analysis for the management team to make decisions come based on market changes. This process is very cumbersome and time-consuming, and failure to correctly interpret the correct data can be seen by regulators and stakeholders as a fundamental weakness of management, the risk of executing a poor tactical strategy, and long-term reputational risk.
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Data analytics is a hidden masterpiece that many financial institutions have yet to fully explore. With the right data analytics and business intelligence, treasurers, chief financial officers (CFOs) and other key decision makers can make more informed business and financial decisions based on data visualization rather than displaying rows and columns of data. Data analytics solves everyday treasury problems more efficiently, freeing users to focus on more productive activities.
Trade union systems’ EGORA treasury management solution provides data analytics, business intelligence and visualization tools to help treasurers and other decision makers with quick insight into cash flow, liquidity and risk management.
EGORA supports key shatkist management and processing activities such as processing of various deals such as Fixed Income, Foreign Exchange & Derivative and Money Market Products, seamless confirmation of these deals, timely settlement of all your transactions, reconciliation, periodic valuations & revaluations of securities, in-depth scenario and sensitivity analysis for all existing securities and a wide variety of customizable regulatory and internal reports. These are areas where EGORA has used data analysis.
In addition, EGORA has extensive support for Asset and Liability Management (ALM). This includes not only monitoring inflows and outflows, but also matching assets and liabilities across maturities, risk hedging, cash management and compliance. EGORA collects and analyzes data from currency processes, mark-to-market processes, and interest and yield processes for better insights into stress testing and interest rate risk management. Data analytics helps treasurers see the trends and risks in currency transactions.
In addition, EGORA analytics dashboards and the business intelligence feature trigger alerts based on several key metrics such as interest margin and risk exception report that can help Treasurers or CFO benchmark bank performance against both regulatory and internal thresholds for profit maximization and risk minimization.
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In conclusion, with EGORA, Treasury users in banks and other financial institutions now have efficient data presentation, improved forecasting and pattern detection. There is also enhanced financial decision making, risk management and cash flow monitoring.
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About Union systems
Union Systems Limited (USL) is one of Africa’s leading financial software companies. For more than 20 years, the company has been providing forward-looking financial software solutions to banks and companies in Africa to fully automate and digitize their financial activities. Our software solutions drive growth, profitability and regulatory compliance for banks and businesses.
Headquartered in Lagos, Nigeria, the company has in-depth knowledge of the African market and a team of highly qualified consultants with hands-on experience in delivering complex software solutions. In recognition of its innovation and excellence, Union Systems has won the Trade Finance Software Solutions Provider of the Year three (3) consecutive times since 2020 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards.