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Transforming Healthcare for Treasury

Digitizing the Office of the CFO for Healthcare

The world of treasury is at an inflection point. Legacy and install systems get the job done, but do they give you the strategic advantage?

The need for streamlined treasury operations, especially in healthcare, has never been greater.

The healthcare treasury scenario is grounded in operations and rebalancing the volume-revenue-expense equation. Managing your cash and balances can be manual and time-consuming. More than often, it will heighten the possibility for errors. With this in mind, having a proper liquidity strategy for managing your data is crucial to the lifeblood of your business

And that’s where we can help. We know how delicate and complex the process of managing global finances is. With Treasury and Risk Management Solutions (TRMS), treasury and finance teams can work smarter, not harder, to make informed business decisions.

We help our Healthcare clients with:

GTreasury believes there is opportunity in complexity. By simplifying complexity, teams can unleash their organization’s potential to gain strategic advantages and grow. At GTreasury we give you the tools to unify all your data, empowering you with the insight to drive bottom-line growth.

We’d love to chat more to learn how GTreasury can help with your specific treasury needs. Fill in the form to book time with one of our Healthcare Treasury Experts.

Let’s transform treasury together. 

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Are Your Treasury & Accounting Teams Disconnected?

Treasurers are tasked with protecting the gain/loss line as well as foreign revenue, expenses and/or margins. So, it’s not unusual for Treasury departments to want to implement a foreign currency hedge program.

A balance sheet hedge program is usually the first hedge program Treasury will implement. There’s a lot to consider on the risk management side of this hedge strategy, but the accounting treatment of the derivatives is quite clear cut – fair value the derivative and record the offset to income each period.

8 Risks of Spreadsheets in Treasury & How a TMS Can Help

In the late 1990s and into the early 2000s, the spreadsheet was the treasury and accounting tool of choice. Computer programs were still relatively primitive, and the smart phone had not yet arrived. Business professionals leaned heavily on spreadsheets due to their flexibility, powerful set of available formulas and relative ease of use.

But the business climate has changed since then. Sarbanes-Oxley Section 404 was introduced following Worldcom and Enron scandals. Cloud based computing has replaced the in-house server, and software-as-a-service (SaaS) has taken the torch from client server based applications and spreadsheets.