A turnkey system that delivers complete control over your treasury operations
SmartTreasury® from Global Treasury Systems—a division of Chesapeake System Solutions, Inc.—is a complete end-to-end treasury workstation application that incorporates:
- Automated data collection
- User defined cash position worksheets
- Comprehensive treasury reports
- Cash pooling and concentration scenarios
- Funds transfer initiation including wire, ACH, and EDI, SWIFT
- Cash forecasting modeling and tracking
- Debt and investment management
- General ledger processing and interfaces
SmartTreasury helps your company centralize and monitor business activity, manage cash, and make accurate financial forecasts. By seamlessly integrating cash management, reconciliation, account analysis, and compliance, SmartTreasury delivers the complete control over treasury operations that is essential to business success.
When you implement SmartTreasury, you can expect:
- More features treasury operations personnel really need: ROI and control. SmartTreasury makes it easy to move cash out of low-interest accounts to generate a higher yield and reduce the amount of working capital sitting idle. Because the application centralizes cash, debt, and investment data, it provides the enhanced visibility and operational control that regulations such as Sarbanes-Oxley demand.
- Better information and decisions. With SmartTreasury, bank updating and automatic delivery of real-time information make cash management more efficient. When you reduce manual entry, improve real-time information, and automate analysis, you have fewer errors and better financial planning and decision making.
- Faster processing and implementation. Integration of activities and shared information across applications streamline processing.
- Greater productivity through automation. Eliminating manual activities, such as transferring data and preparing payments and transfers, improves productivity. Thanks to Chesapeake’s acclaimed customer support operation, rapid implementation means your business can quickly reap the benefits SmartTreasury yields. Built-in flexibility allows SmartTreasury to match its worksheets to your company’s existing spreadsheets, further shortening training and implementation time.
Implementation: The Choice Is Yours
We offer several implementation choices designed to fit your company:
- Licensed SmartTreasury: Firms wishing to keep IT systems and treasury management activities in house can license and implement SmartTreasury. SmartTreasury operates in a platform-independent environment, and Chesapeake offers “worry-free” implementation services backed by an unparalleled customer support staff.[Hyperlink references to implementation to “Implementation Services”]
- Hosted SmartTreasury: This cost-saving option eliminates the need to install and maintain the SmartTreasury software. Chesapeake hosts the application in a modern, secure data center, and you upload your files and access SmartTreasury locally via the Internet. Chesapeake’s advanced browser functions make data upload and system use as seamless as installation on your own server. Chesapeake applies all system enhancements and regularly updates the software.
- Outsourced SmartTreasury: Firms that wish to reap the benefits of outsourcing can do so with confidence, knowing that Chesapeake is an industry leader in treasury management. Chesapeake’s outsourced service includes system maintenance and treasury administrative tasks, such as creating and maintaining:
-- bank accounts
-- user security
-- custom user codes
-- forecast scenarios
-- debt invest instruments
-- transaction mapping rules
-- general ledger (GL) booking rules
-- general ledger accounts
In addition, Chesapeake will perform process monitoring functions, including:
- Creating and maintaining job types
- Data collection
- Processing GL extract files per client requirements
- Running daily reports and distributing them per client requirements
Premium Maintenance Plan Available
Chesapeake’s objective is to maximize customers’ use and understanding of the rich functionality SmartTreasury contains and explore other ways a company can leverage the application in its operations. Toward this goal, the premium maintenance plan provides for:
- Quarterly project report card meetings
- Monthly review of project parameters such as worksheets, reports, and data collection
- Regular discussion of the status of current implementation
- Review of new projects, as appropriate
SmartTreasury – it’s just sound economics. To find out more about the benefits the SmartTreasury solution can deliver to your financial operations, contact us or call 410-356-6805 for more information.