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Looking for a treasury/debt management system capable of handling multi-currency, multi-entity, multi-account and that is easy to amend loan terms. Any suggestions?


Bruce Lynn
Title: Managing Partner
Company: The FECG LLC
(Managing Partner, The FECG LLC) |

easy is in the eye of the beholder (user)

Any of the major treasury workstation vendors can track, calculate and account for interest expense on different types of debt (bank, bonds, etc). One of the strengths of a workstation is its ability to eliminate spreadsheets used to calculate interest based on off line bank transactions manually keyed into spreadsheets.

For multi currency accounts the workstation used feeds from pricing services to track Euro, GBP and other currencies.

workstations also maintain legal entity structures to roll up loans to the apprpriate parent.

Downside - cost to set up, train and implement

That said, what do you mean by "terms". None of the workstations can review / calculate loan covenants as this type of calculation requires reading then converting credit agreement into calculations which can have many exemptions or carve outs depending on the creative of the banker, legal language, etc.

Topic Expert
Brenda Morris
Title: Board of Directors, Audit Committee Chai..
Company: Boot Barn
(Board of Directors, Audit Committee Chair, Boot Barn) |

Hi there! Great questions and thoughts from Bruce. The only system I have implemented (besides of course massive excel worksheets!) is Treasura. I implemented it in a multi-currency, multi-location organization that had 100's of bank accounts and a complex reconciliation process as well as debt to manage and we actively used hedging to manage FX needs. The system was robust and facilitated about 95% of our needs. It was inexpensive, web-based and flexible so we could access it from anywhere. The most complicated part was linking to the banks, but they were all sophisticated banks who had done these implementations before so it went very well. Like ANY project, you must have a project manager, you must have a timeline with key milestones and an executive sponsor to bring it all together for you. Good luck! Brenda

Title: Senior Treasury Consultant
Company: Kyriba Corp
(Senior Treasury Consultant, Kyriba Corp) |

I agree with Bruce: most treasury workstations will be able to record, eventually amend or process debt transactions. The key decision point we've seen at IT2 concerning debt is the flexibility around the capture, the security and the modification of existing trades (without re-capturing / re-processing them).

Depending on what your goals are, advanced debt reporting (including basic covenants calculation, but also position analysis), entity reporting (from trade or accounting perspective) and sub-ledger processing (especially if you take over the management of loans on behalf of your legal entities) can be key differentiators from one workstation to another.

Eric Twombly
Title: Treasurer
Company: Noble Americas Corp.
(Treasurer, Noble Americas Corp.) |

We have had good experience with the TMS from City Financial, now part of Wall Street Systems for loans, loan tracking, and FX including SWIFT confirmations, but have found limitations beyond that. This is WSS' middle market solution with some customization. I think Treasura is WSS' entry level system and they also have a fully customized large corporate system which is very comprehensive We are looking at Kyriba for local implementation of their multi-currency cash management, position and reconcilement modules including direct links to our banks (Kyriba currently links to over 780 banks) and our accounting system and I understand they have a robust loan module, which we haven't evaluated yet. But I agree with Stephane, it's the integration opportunities, elimination of manual data entry points, and input data verification that should be the driver.

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