J.P. Morgan Treasury Services is now providing payment initiation and reporting capabilities in ISO 20022, which lets companies send and receive messages in XML format. Companies can use the new messaging format to integrate their treasury, payable and receivable applications with their banks and other partners. The ability to communicate remittance information can enhance straight-through processing and the format's provision of real-time data can help companies manage and reconcile their cash position.
Deutsche Bank has added 50 currencies to its FX4Cash platform, bringing to 125 the total number of currencies in which clients can make payments. Among the currencies added were China's yuan, Ghana's cedi, Guatemala's quetzal, Iraq's dinar and Paraguay's guarini. FX4Cash, which was launched last year, provides companies with competitive foreign exchange pricing and helps them streamline their cross-border payments.
QlikTech, which provides business intelligence software, is offering companies free online benchmarking. Finance executives can sign up for a scorecard that will give them a look at how they compare with their peers among 60,000 companies around the world on almost two dozen financial metrics, including margin, days sales outstanding, asset turnover, inventory turnover, and return on capital, at www.qlikview.com/financial-scorecard.
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Corefino has launched its Triple-C Platform, which provides a completely outsourced routine accounting function for midsize companies. Corefino's three-prong approach combines a software-as-a-service accounting solution with a team of accountants and a technology portal that lets company executives monitor their financials. Corefino says the product is already being used by more than two dozen companies and provides annual savings of up to 40% over the traditional approach of an in-house accounting team.
Fincad, which provides valuation and risk management software for derivatives and fixed-income securities, says the latest release of Fincad Analytics Suite 2009 for Excel provides three new yield-curve workbooks to help customers cope with yield-curve anomalies that have resulted from the recent combination of market volatility and low liquidity. The three new workbooks cover a basis spread curve, vanilla swap with basis spreads and compounding swaps with basis spreads.
No Magic Inc. and Inferware Corp. have launched Cameo eCompliance, a compliance solution that incorporates Inferware's Transparency Control Center. As companies face a raft of regulatory requirements, Cameo eCompliance helps them ensure they are "audit ready," according to the companies, in part by maintaining links between documents, corporate strategies, policies and processes, and business rules. Cameo also enables the transfer of knowledge about business policy management.
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