The study uncovered that the top three treasury challenges are:
- To increase productivity and reduce manual processing
- To prove that the treasury function generates value and is not an unnecessary cost
- To acquire better risk analytics
- The study also found that 87% of Middle East respondents have a treasury function. However, for cash management nearly half of respondents spend at least 75% of their time using spreadsheets and manual processing.

As treasurers are increasingly tasked with responsibilities beyond efficient and effective cash management, the study shows that organizations in the Middle East are supporting this expanded role with the necessary resources.

Click here to download the study:
http://financialsystems.sungard.com/solutions/corporate-liquidity/campaigns/Aite-Middle-East-Study?PRcamp=AvantGard03122014

Wissam Khoury, managing director of SunGard Financial Systems Middle East, said: “As Middle East treasuries grow in sophistication, many of the challenges that they face need to be addressed through more advanced treasury technology. In addition, organizations should review the most beneficial way to deploy and manage that technology. For some organizations, that may be on premise, while others would prefer private cloud or a managed services environment.”

Enrico Camerinelli, analyst, Aite Group, said: “Treasurers in the Middle East are facing growing pains as corporations emerge onto the global stage. The continuous developments in information technology highlight the benefit of a specialized TMS; the added value dramatically improves the ability of the treasurer to be strategic.”

Peter Matza, Engagement Director of the Association of Corporate Treasurers Middle East, said: “This study will help underpin the growth and development of the corporate treasury profession in the Middle East, where treasurers are increasingly involved in managing financial and business strategy for their organizations.”

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.

Lisez gratuitement chaque jour (5j/7) le quotidien Finyear.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise.
Lien direct pour vous abonner : www.finyear.com/newsletter

Lisez gratuitement chaque mois :
- le magazine digital Finyear sur www.finyear.com/magazine
- la lettre digitale "Le Directeur Financier" sur www.finyear.com/ledirecteurfinancier
- la lettre digitale "Le Trésorier" sur www.finyear.com/letresorier
- la lettre digitale "Le Credit Manager" sur www.finyear.com/lecreditmanager
- la lettre digitale "Le Capital Investisseur" sur www.finyear.com/lecapitalinvestisseur