FIS Unveils Cloud-Native Treasury Platform for Enterprise
FIS has introduced a cloud-native version of its treasury management platform aimed at addressing the requirements of corporate finance departments.
The new Treasury and Risk Manager – Quantum Cloud Edition builds on the company's existing treasury solutions to address persistent challenges in treasury operations, including real-time visibility into cash positions across global operations.
Cloud transition benefits
The transition to a cloud-native architecture reflects the growing pressure on corporate treasurers to accelerate their digital transformation.
The platform runs on public cloud infrastructure, which FIS states will provide improved data processing capabilities and system integration, while allowing the platform to handle increased workloads and transaction volumes.
Research from EY indicates 65% of businesses have made strategic investments in cloud technology, but only 32% are achieving their stated objectives.
This gap highlights the requirement for scalable solutions that can deliver more effective results.
“CFOs and corporate treasury departments continually face a complicated landscape of shifting headwinds and tailwinds, including the fluctuations of capital costs, volatile markets and continuously expanding responsibilities”
The cloud foundation is designed to speed up implementation timeframes, which have historically been a pain point for treasury management system deployments. The architecture also aims to facilitate more frequent product updates.
Treasury management systems typically centralise a company's financial data, incorporating foreign exchange exposure, cash forecasting, payments and debt management into a unified platform.
Many legacy systems struggle with integration capabilities and require manual intervention.
Real-time liquidity management
The platform includes a new Liquidity Hub module that aggregates data from multiple sources, including enterprise resource planning (ERP) systems and banking application programming interfaces (APIs).
This module enables real-time analysis of cash positions, a critical function for treasury departments trying to optimise working capital.
JP James, Head of Treasury & Risk Management at FIS, explains the factors driving the development of the new platform: “CFOs and corporate treasury departments continually face a complicated landscape of shifting headwinds and tailwinds, including the fluctuations of capital costs, volatile markets and continuously expanding responsibilities.”
The platform represents an extension of FIS's treasury management portfolio, which serves more than 1,000 organisations globally.
FIS confirms the classic version of Quantum will remain available for both existing and prospective clients.
Corporate treasury functions have gained prominence in recent years as organisations seek to improve capital allocation and manage enterprise risk more effectively.
The volatile interest rate environment has further emphasised the importance of treasury operations in minimising funding costs.
Cloud-based treasury solutions offer organisations the flexibility to adjust to changing market conditions without requiring extensive modifications to internal systems. They typically operate on a subscription model, reducing upfront capital expenditure.
The platform forms part of FIS's strategy to modernise its product portfolio across payment processing, banking technology, and investment solutions. FIS serves financial institutions, businesses and developers across the global financial ecosystem.
JP adds: "With this new offering, we're providing innovative solutions that can help companies better navigate choppy waters and drive growth."
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