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Murex is a financial services that provides financial software for trading, treasury, risk, and post-trade operations. [6] It was founded in 1986 by Laurent Néel and Salim Edde. Murex has its main office in Paris and serves customers across 70 countries. [7] Murex’s platform, MX.3, is used by banks, asset managers, pension funds and ...
Visual Risk is a modular Treasury Risk Management system that consists of five modules: risk Analytics, asset-liability management, treasury management, hedge accounting, and cash and liquidity. This modular system can be used separately or as a fully integrated system. In addition, Visual Risk provides a reporting dashboard. [5]
In June 2012, upon the completion of the acquisition by Vista Equity Partners, Misys was merged with Turaz, another acquisition of Vista. Turaz was formerly the treasury and risk management software division of Thomson Reuters. [19] In February 2014, Misys bought Hungary-based IND Group, a supplier of online and mobile banking software. [20]
A treasury management system (TMS) is a software application which automates the process of managing a company's financial operations. [1] It helps companies to manage their financial activities, such as cash flow, assets and investments, automatically. [2] A TMS is commonly used to maintain financial security and minimize reputational risk.
In 2009, the company acquired FXpress Corporation, a leading treasury software provider to the Fortune 1000, and in 2011, acquired European treasury management provider, ecofinance. [13] [14] [15] In 2012 and 2013, Reval won Global Finance Magazine's Treasury & Cash Management Award for Best Financial Risk Management Solution. [16] [17] [18]
Treasury Management's scope thus includes the firm's collections, disbursements, concentration, investment and funding activities. In corporates , treasury overlaps the financial management function, although the former has the more specific focus mentioned, while the latter is a broader field that includes financial planning, budgeting, and ...
Financial risk management is the practice of protecting economic value in a firm by managing exposure to financial risk - principally credit risk and market risk, with more specific variants as listed aside - as well as some aspects of operational risk.
The COSO "Enterprise Risk Management-Integrated Framework" published in 2004 (New edition COSO ERM 2017 is not Mentioned and the 2004 version is outdated) defines ERM as a "…process, effected by an entity's board of directors, management, and other personnel, applied in strategy setting and across the enterprise, designed to identify ...