CS Lucas has launched a new Treasury Management System designed to ensure the reliance upon spreadsheets in treasury is eliminated. We believe that treasurers should be working with the best tools available to them in order to perform to industry standard. That is why we have developed CS Lucas Essentials. CS Lucas Read more…
The financial world is steadily moving towards total digitization. Digital landscapes make dealing with payments, across multiple currencies and banking relationships easier to visualize and quicker to execute. However, in order to fully utilise the speed digitization offers, we need to say goodbye to manual spreadsheets and move towards automated Read more…
After our #CSLucasWebinar on Keeping your Information Secure, we had some great questions regarding security protocols. Here are some key points from Don Escuro, Vice President of CS Lucas, that will help strengthen security measures. Check that your suppliers are ISO 27001 certified Having an ISO 27001 certification sends a Read more…
Are you using hardware or software that is no longer compatible with the latest software updates? It may not seem like a big deal to have the latest anti-virus update on your office PC when it’s running on an older operating system, like Windows 7, but it is. The latest Read more…
CS Lucas has passed it’s yearly ISO 27001 audit for the second year running with comments by the certification auditor, GIC, that our processes have greatly improved. Maintaining our ISO 27001 certification is of great importance to us. We offered a transparent look into the working processes of our Security Read more…
There has been a lot of noise surrounding the SONIA/LIBOR transition, what it will look like and how we can best move from relying on LIBOR’s forward-looking rates. Loan markets are in need of the forward-looking term rate that SONIA sets; it’s easier to track and manage interest payments using Read more…
Charting CS Lucas history over 25 years. Enhancing functionality with every wave of technology innovation
CS Lucas is growing its global presence by new appointments and relocation of staff. The company is strengthening its resources to support further rollouts in Europe, North America and across the Asia Pacific. CS Lucas is pleased to announce the following appointments: · Henrik Schroter as non-executive board director· Min Read more…
CS Lucas was awarded Excellence in Treasury Management Transformation at the 6th Annual CFO Innovation Awards on the implementation project with SMRT Corporation Ltd. I like to share the following email extract from CIO Innovation for their reasons behind the award.Supported by the Group CFO of SMRT Corporation, the Read more…
“Outlining your requirements at the start is vital. For example, can your monthly management reporting information be generated by the TMS with minimal editing required? Ensure that the potential TMS suppliers provide hard examples during the selection process. A TMS should be flexible, so bear in mind what you might Read more…
Want to know the number one threat to the health of your organisation? Human errors. Yes, that’s right. When it comes to all kinds of potential threats, from online security to compliance, it’s less the hackers, thieves or cheats you have to worry about than the little accidents and mistakes Read more…
In any profession, keeping on top of the latest technologies, tools, skills and ideas is crucial for anyone looking to climb the ladder and scoop the best roles. But with corporate treasury job descriptions changing all the time, this is more important than ever. “The role of the treasurer has Read more…
On 21st July 2016, CS Lucas was invited by Price Waterhouse Coopers (PWC) to share its views on the treasury technology today and trends. The audience comprised of selected clients of PWC. This blog post summarises what was shared. Treasury management technology has been exponentially advancing for decades. Your top Read more…
Presenting to the boss can be daunting for the rest of us, but for treasurers there’s that extra pressure to show you’ve dotted every i and crossed every t without boring the board to tears with an overload of technical details. What’s more, you have to be ready to field Read more…
Knowing how much cash is in the organisation, where it is and how it needs to be managed to cover upcoming payments and upcoming financial and funding requirements is absolutely fundamental to any business. Doing this effectively within one company takes skill, but when you start to incorporate multiple subsidiaries Read more…
Today’s treasurers have to keep up with seemingly endless change. 2015 alone saw 50,000 amends to regulations around the globe. Combine this with constantly evolving ways of doing business, the impact of growth and mergers, the need to integrate your activities across the organisation as well as with external obligations Read more…
By the time you hand over the subscription fee for your TMS, you have to be sure it’s the right solution for you. That you can find your way around. That it works as promised. That you could genuinely roll it out company-wide in the timeframes you’ve agreed with your Read more…
TMS Technology has come a long way. Gone are the days when set-up costs ruled out all but the Fortune 500. When you had to splash out on pricey in-house infrastructure to make it work. When you’d be waiting around for years before you started to see results. Today, a Read more…
Want to know the single most important factor in getting a new TMS off the ground without a hitch? It’s simple. Get everyone on board. Of course, defining your objectives, mapping out timelines, assigning responsibility, scheduling tests, analysing performance, troubleshooting teething problems… all of these things are essential. But the Read more…
Looking at the ubiquity of smart-phones and the high level of functionality available through apps, we are exploring how enterprise-systems may evolve. If an ideal framework exists whereby stand-alone features can be simply plugged in, this would replace customization. Just like installing an app to a phone. Imagine it on Read more…
Asia is booming, and it is not just Asian companies but also global companies with operations in Asia. Regular readers of Singapore’s leading daily business publication, The Business Times, will recall an article published earlier in July discussing survey results from PricewaterhouseCoopers’ inaugural Asian-focused treasury survey. Key findings which raised Read more…
Recently, I had come across a 2011 article published by McKinsey and Company titled “Five steps to a more effective global treasury”. It found that nearly half of the companies surveyed with less than $10 billion in revenue still used spreadsheets as their primary treasury system. This 2011 survey result Read more…
