With the Integrated Treasury System ITS ecofinance offers a comprehensive solution for the efficient handling of all financial processes of internationally operating companies. ITS offers more than 20 modules covering the fields of cash management, financial planning, payments, treasury and risk management as well as reporting. ITS can be combined and extended in a flexible manner due to its modular structure. Systems can be tailored precisely to customer processes by using pre-defined interfaces and by customizing. With two releases a year, ecofinance assures that customer requests and improvements are continuously integrated.
âWe are continuously improving our scope of services and functionality as well as the quality of our software solutions due to our release policyâ, emphasized Dr. Karlheinz SchlÃ¶gl, Managing Director of ecofinance. âWe consider user requests as well as scientific expertise in the development of our software. We assure stability due to comprehensive tests in the run-up to the releases.â
New and further developments are delivered to ecofinance customers in two releases (spring and autumn). The customers themselves decide which of the two releases they will take part in.
The ITS user interface has excellent, integrated reporting functionality and is very user friendly. Users can individually configure the system interface and save it as a layout â for example, they can choose between five basic color schemes and create their individual interface design. This enables users to continually monitor key figures and limits and efficiently control workflows. Since any number of modules can be used at the same time, users have an overview of all the financial transactions at any time. Individual monitor configurations can be changed at the touch of a button between different ITS-installations (test and productive system) by import/export.
Users can quickly come to grips with the system thanks to the familiar Windows structure and enhanced navigation. The âdrag and dropâ function enables users to easily create overview lists and perform simple calculations directly in the interface.
Newly integrated search functions have been implemented and comprehensive diagram functionalities are available. With the new release a wizard offers users support in creating diagrams. (see screenshots).
Effective testing methods
All financial tools in the Integrated Treasury System can be classified according to IAS/IFRS and evaluated. In Hedge Accounting, basic and hedge transactions are summarised in n:m relationships. It is possible to assess the effectiveness of hedge relationships both prospectively and retrospectively at any time. In addition to the existing âCritical Term Matchâ and âRegression Analysisâ test methods for prospective effectiveness tests, the system now includes the âDollar Offsetâ, âCumulated Dollar Offsetâ and âHypothetical Derivative Methodâ test methods. It is now also possible to automatically start the required prospective effectiveness test using a time control function. The market data required for the test is extrapolated from the past values to the future periods.
The Value-at-Risk function is used to determine the risk of all the financial transactions entered into the Integrated Treasury System. In doing so, the transactions are summarised by defining the aggregation rules in random portfolios. Moreover, the interest, currency, commodity and security rate risks can be determined separately. On the basis of the portfolio and evaluation level, it is possible, for example, to create overall evaluations for the Board of Directors and detailed evaluations for the Risk Manager according to the companyâs different reporting requirements.
It is now also possible to incorporate non-linear transactions such as options by adding the delta-gamma approximation (underlying value-at-risk is adapted on the basis of the delta and the gamma of the option in accordance with the Black/Scholes evaluation model).