Scenarios
Newsletter May 2009
In this Issue
- The Tatts Group selects Visual Risk
- Welcome to our new clients
- Credit Risk & IFRS 7 Seminars with Deloitte Touche Tohmatsu
- Visual Risk extends Outsourced Services
- Visual Risk – upcoming software enhancements
The Tatts Group selects Visual Risk
We are proud to announce the Tatts Group has selected Visual Risk to
provide their treasury system. Based in Melbourne, the Tatts Group is a provider of diversified gambling
services and generates more than $3 billion revenue per annum. It accounts for more than half the lottery
tickets sold in Australia.
An expansion in treasury activities due to recent acquisitions and business growth has meant that the Group
needed a Treasury Solution to replace a myriad of existing spreadsheets. After a lengthy vendor evaluation
process, Visual Risk was selected as the best solution to manage their treasury and accounting activities.
The Group viewed the core system functionality and the exceptional level of client support offered by Visual
Risk as the key considerations during the system evaluation process.
Visual Risk is implementing a fully integrated front-to-back office solution including:
“Obviously, when selecting a treasury system we were keen to ensure that it met our base functional requirements. An equally important consideration however was the level and depth of local support that the vendor could provide. I spoke with a number of other corporate treasuries in Victoria and I found that Visual Risk was consistently mentioned as a stand-out performer in terms of their staff knowledge and client support. We look forward to partnering with Visual Risk to successfully implement their treasury management solution.”
Nick Cimino – Group Treasurer
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The Visual Risk client base continues to expand. We would like to welcome the following new clients:
• Canterbury Building Society • United Group • Tatts Group • Fiji National Provident Fund • ECU Australia
Please click here for a comprehensive listing.
Credit Risk & IFRS 7 Seminars with Deloitte Touche Tohmatsu
In conjunction with Deloitte Touche Tohmatsu, Visual Risk will be conducting a series of Seminars on the impact of credit risk on the fair value of derivative instruments, assets and liabilities and the resulting effect on hedge accounting. The seminars will feature John Kidd, a partner at Deloitte Touche Tohmatsu who specialises in financial instruments. He has provided implementation and accounting advice to major corporations across Australia and NZ, and heads a specialist group of ten professionals dedicated to assisting companies with their IAS 39 issues.
The Seminars will be held in May & June 2009 as follows:
| • Sydney – 19th May | Invitation Link |
| • Melbourne – 21st May | Invitation Link |
| • Perth – 28th May | Invitation Link |
| • Adelaide- 4th June | Invitation Link |
| • Brisbane – 16th June | Invitation Link |
Please contact us for more information on attending any of these seminars.
Visual Risk extends Outsourced Services
Visual Risk has extended the range of outsourced services it offers. These now cover:
Visual Risk has extensive experience with IAS 39 hedge accounting, having worked closely with our clients and the Big 4 accounting firms
over many years. We are able to provide all the documentation required to meet your IAS 39 and IFRS 7 compliance requirements
in an efficient and timely manner.
Visual Risk is also able to provide a risk analysis service to quantify and report the market risk in your portfolio. This
analysis can assist management to better understand and optimise their risk management and hedging activities.
Through cost-effective outsourcing, the often complex and onerous risk and compliance reporting process can be streamlined and
the burden on your treasury operations eased.
Visual Risk – upcoming software enhancements
Our Treasury solution continues to rapidly evolve with a host of new features being added on a regular basis. Scheduled for delivery in mid 2009 are the following:
Credit Risk Adjusted Valuations
In the current economic climate credit risk is a major challenge faced by corporates
and financial institutions in determining the fair value of their assets and liabilities. In response to this challenge,
Visual Risk has developed a solution which will deliver valuations of assets, liabilities and derivatives which incorporate
credit risk margins.
General Ledger Integration Module
The new GL integration module will ease the process of posting treasury accounting
entries to your accounting system and provide for greater data transfer integrity. It will ensure efficiency gains are maximised
and user error is minimised through a seamless and automated process. With a chart of accounts, the GL module will provide a
granular account mapping function for mapping accounts to relevant month-end accounting outputs. This will facilitate the quick
generation of multi-portfolio, multi-currency accounting output and conveniently deliver output for other accounting systems
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Phone: (+612) 9262 6969 |
E-mail: sales@visualrisk.com |
Web: www.visualrisk.com |
| Visual Risk Pty Ltd | ACN 096 353 418 | AFSL No. 268050 |