Bank of New York launches TreasuryAnalyst
26 January 2006 | 1306 views | 0
Source: Bank of New York
The Bank of New York, a global leader in securities servicing, has introduced TreasuryAnalyst, an innovative, fully integrated system designed to provide custody, accounting and risk analytics for corporate treasury securities on a daily basis.
Through TreasuryAnalyst, corporate treasurers can reduce the time spent on data collection and consolidation and spend more time making value-added investment decisions. This unique service allows clients to monitor daily portfolio accounting, compliance, performance and risk, as well as automate certain accounting and compliance notification processes to make informed decisions on their investments. In addition, clients have online access to intuitive, easy-to-read reports of their investment portfolio detail and valuation. These reports meet the specific requirements of corporate treasury, accounting, tax and compliance departments.
Patrick E. Curtin, executive vice president of investor services at The Bank of New York, said, "With the investment holdings of U.S. corporations now totaling over $5 trillion, the custody and reporting requirements related to those assets have become increasingly specialized. TreasuryAnalyst spotlights our ability to develop innovative solutions that can greatly improve our clients' efficiency and effectiveness. This unique capability underscores our commitment to expanding the range of corporate treasury services that we offer to our clients."