Survey Reveals: World`s Leading Corporate Treasuries Are Not Prepared For Unexpected Market Events

NEW YORK & LONDON--(Business Wire)--
Wall Street Systems (Wallstreet), the global provider of treasury, trading and
settlement solutions and services today released the survey findings of 46 of
the leading US-headquartered Fortune 500 multinational corporate treasuries.

The top concerns were Counterparty Risk, 87% of respondents, and Cash Flow
Forecasting with 28%. Startlingly, nearly 90% of corporate treasuries reported
they still use manual processes such as spreadsheets to manage counterparty risk
and cash flow forecasting. This means they are without the real-time view and
information needed in uncertain environments. In the wake of the recent market
collapse, manual processes are no longer acceptable for corporate treasury
functions, according to survey respondents.

To further exacerbate the problem, Treasurers have traditionally relied on the
credit rating agencies to provide their only measure of credit risk. Without
question they can no longer rely on ratings as the only determinate of risk, and
as a consequence they have cut their more risky exposures and moved to specific
counterparties the government would view as `too big to fail`.

Treasurers are now in need of other tools to help them view and manage their
counterparty exposure and ensure the group`s liquidity across the organisation,
such as an integrated treasury management system - providing a real time view of
exposure and liquidity on demand. Mark Lewis, Director, Corporate Treasury, Wall
Street Systems said: "Today the cost of making an investment in real time
treasury technology, does not compare with the size of a possible loss caused by
a failed counterparty. The opportunity to unwind the exposure prior to the
failure could save the company millions, and is an essential point for proving
the business case to the board."

The survey reveals that the once-accepted practice of spreadsheet management and
other manual methods is no longer sufficient in today`s marketplace. Where
treasury technology was once the provenance of mere cost savings, it is now
required to provide an early warning system in the event of a market event and
address shareholder demand and protect against large-scale failure.

A white paper by Wall Street Systems and leading consultancy Treasury Strategies
details the findings and the top emerging technology needs amongst U.S.
corporate treasurers and includes:

* Automated decision and intelligence tools
* Multiple user workflow routing and management
* Broader process and data integration with existing platforms or software
* Vendor support with more subject matter expertise
* Cost management
* Enhanced reporting capabilities
* Hosted or ASP solutions

The survey was jointly conducted by Wall Street Systems and Treasury Strategies
and the white paper entitled "U.S. Treasury Technology: The Time Is Now"
detailing the results and a guide for Treasurers is available by visiting the
Wall Street Systems exhibition booth at the AFP Annual Conference in San
Francisco, October 4-7, or download at www.wallstreetsystems.com/timeisnow.

About Wallstreet

Wall Street Systems (Wallstreet) provides functionally rich, integrated and
scalable solutions for improved workflow, control and overall productivity for
corporate treasury, central banking, FX trading and global back office
operations. Wallstreet is the market leader in FX trade processing and through
its award-winning products, including Wallstreet Suite, Wallstreet Treasury,
Wallstreet FX and Wallstreet BackOffice, the company processes millions of
transactions, aggregating to trillions of dollars, every day.

With a 20 year heritage, Wallstreet has an outstanding reputation for quality
and responsive service, and prides itself on helping its clients achieve long
lasting benefits and results. Its 500 employees service over 300 banking,
corporate and central bank clients, operating out of 12 offices worldwide. The
company is a privately held corporation, and is majority owned by Warburg
Pincus, a global private equity investor. For more information, please visit
www.wallstreetsystems.com.

About TSI

Treasury Strategies, Inc. is the leading treasury consulting firm working with
corporations and financial services providers. Out experience and thought
leadership in treasury management, working capital management, liquidity and
payments, combined with our comprehensive view of the market, rewards you with a
unique perspective, unparalleled insights and actionable solutions.

Wall Street Systems
Michael Golding, +44 20 3170 3000
Global PR and AR Manager
michael.golding@wallstreetsystems.com
or
Fishburn Hedges
Peter Sigrist/Riz Issa, + 44 20 7839 4321
wallstreet@fishburn-hedges.co.uk
or
Intermarket
Jed Hamilton/Erica Fidel, +1-212-754-5479
wallstreet@fishburn-hedges.co.uk

Copyright Business Wire 2009