ClavisFinance

It is a company treasury management system. The application has been developed on the foundations of the renowned and market leader products of the Hungarian money and capital market, Clavis, with integrated Treasury and Risk modules. ClavisFinance is completed with functionality supporting the corporate financial activities of medium sized- and big companies.

How does it support corporate finances?

• It integrates the functions needed in corporate cash management and financing - corporate procedures and information -, it supports activities and boosts the speed of financial decisions, assures better quality in their execution, greater transparency and better auditability.
• It gives effective help in the affiliate-level planning of cash management of the company or holding, in forecasting, evaluation and decision making.
• It helps the assessment of daily liquidity with a built-in workflow and helps the execution of liquidity management.
• It shows the due dates and the effects of the financial and related obligations of the company (collaterals, guarantees, information); it helps to structure the existing ones and the new ones.
• It supports the forecast of financing and liquidity problems by registering and conciliating the business plan, cash-flow plan and the existing financing assets.
• It measures the effectiveness of changes in the financing costs, cash management, treasury, and financial risk management.

Services of the system

• Planning of business, financing and short-term liquidity
• Banking and internal financing transactions, collateral management
• Liquidity management - account management (banking, authority, other cash- and securities accounts)
• Management of treasury transactions and account operations
• Measurement and management of corporate financial risks
• Planning, assessment and analytic registry of cash, credit and derivative collateral positions
• Measurement of the effectiveness of cash management
• Ledger correspondence analysis of cash management
• Making management and parent company reports (cash movement reports, MIS reports)

Important functions

Financial planning

• Import of business plans (from Excel)
• Making cash movement prognosis (optimistic, realistic and pessimistic plans, inquiries in the given foreign currency, monthly or weekly option, aggregate, and according to business units and/or entitlements)
• Entry of facts and data (account history import and the entry of transactions) and making corrected plans

Liquidity management

• Financial institute, authority, affiliate and other technical forint-, foreign exchange- and securities account management
• Cash-pooling (automatic or manual)
• Entry of financial transactions (transfers, cashes, credit interest- and capital instalments, settlement of securities and coverage transactions, factoring instalments)

Financing management

• Registry of external and internal financing transactions
• Management of credit contracts (recording and valuation of offers, registry of credit calls and instalments, cash-flow generating, setting collaterals and insurances)
• Registry of affiliate financing (loans for members, collateral management)
• Factored accounts' management

Treasury transactions' management

• Transaction planning, recording of trades and settlement execution

Financial risk analysis

• Credit cash-flows interest and exchange rate risk assessment
• Pricing of hedges and risk assessment
• Price change risk assessment for the stock
• Forint and foreign exchange balances, customer obligations and supplier demands rate risk assessment

Other system specifications

• Process-based approach
• Inquiries with parameters
• User-friendly surfaces
• Multi-levelled entitlement system and logging
• On-line and batch-based interfaces