Ch.14 Information Technology

Question 1

List the basic platforms or architectures that are used to provide technology solutions for treasury.

Answer 1

• Stand alone technology(Recon Software…)
• Client/Server Solution (AS 400)
• Enterprise Technology(Advance and integrated ERP)
• Hosted Solution(Software on vendors server)
• ## Workflow Management(Analysis built into software)

Question 2

What is workflow management?

Answer 2

• function incorporated into many software packages that allows multi step processes to be automated, track, and managed. (Like Workday, provides notifications and reminders…)

Question 3

What are the major categories of functionality that are typically provided by TMSs?

Answer 3

• Cash Management
• Payments
• Financial Transactions
• Accounting
• Bank account management

Question 4

What are the principal benefits of e-commerce?

Answer 4

• Improves productivity and capital management
• Reducing data entry and lowering error rates
• Improves communication techniques

Question 5

What is ISO 20022?

Answer 5

• XML based messaging system for the financial services industry. Transmits info related to FX, trade, payments and securities

Question 6

What is BTRS?

Answer 6

Balance and transaction reporting standard

• communication protocol between the banks and account holders.
• Replaces the BAI
• also reffered to as BAI3

Question 7

What is eBAM?

Answer 7

Electronic Bank Account Management

• Eliminates paper
• Managing of account info(signatories)
• Better internal controls for auditing

Question 8

What is mobile banking?

Answer 8

• Banking on a phone

Question 9

What is NFC?

Answer 9

Near Field Communication

- Short Range wireless proximity technology that uses radio frequency signals to communicate between devices.

Question 10

End User computing

Answer 10

IT management of systems, access, passwords…etc