Fujitsu Transforms Treasury Operations Using SaaS
Fujitsu has selected Wallstreet Treasury SaaS, the software-as-a-service (SaaS) treasury management system (TMS) launched in October 2008. This is the first stage in the transformation of Fujitsu’s global business group treasury operations.
Wallstreet Treasury SaaS will provide Fujitsu with enhanced visibility of global cash positions, greater liquidity management functionality and the flexibility to remain ahead of future treasury management innovation.
Wallstreet Treasury SaaS is a hosted service with an integrated best-of-breed partner network. Fujitsu will initially use the core Wallstreet Treasury product and partner services of Fides for bank connectivity and 360T for over-the-counter (OTC) trading. It also has plans for the bank relationship management module provided through Speranza to be used next year.
Stuart Clarke, group treasurer, Fujitsu, said: “Wall Street Systems as an organisation and SaaS as a delivery methodology are ideally suited to the treasury aspirations of Fujitsu’s global business group. Managing risk across multiple regions, delivering scalability and remaining agnostic to the evolution of underlying ERP systems and banking partnerships is a highly attractive proposition which will deliver material benefit to the Fujitsu Group.”
Jud Murchie, analyst, Aite Group, said: “Speaking to many corporate treasurers, one of the most critical factors I am seeing from those in the market for a new treasury solution, is the need for ease of deployment. This is one of the biggest strengths of the software-as-a-service model. We expect to see SaaS solutions take an incremental share of the future TMS market, as the concept is proved in the minds of corporate treasurers. Wallstreet Treasury SaaS is well positioned in this respect.”