Abstract
Today, most organizations in all sectors of industry, commerce and government are fundamentally dependent on their information systems. In the words of (Rockart 1988): “Information technology has become inextricably intertwined with business.” In industries such as telecommunications, media, entertainment and financial services, where the product is digitized, the existence of an organization depends on the effective application of information technology (IT). The treasury management function of multinational companies provides another interesting example. Treasury management has developed during the last two decades from a simple function of protecting and enhancing cash flows, to a complex one, where all aspects pertaining to modern cash management, foreign exchange management, investment management, exposure management, risk-return analysis, and accounting are handled.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ashlock D (2006) Evolutionary computation for modelling and optimization, Springer
Alter SL (1980) Decision support systems: current practice and continuing challenges, Addison-Wesley, Reading/Mass
Benston G, Bromwich M, Litan RE, Wagenhofer A (2003) Following the Money: The Enron failure and the state of corporate disclosure. AEI-Brookings Joint Center for Regulatory Studies, Washington DC
Bank for International Settlements BIS (2005) Triennial central bank survey – foreign exchange and derivatives market activity in 2004
Bodnar G, Marston RC, Hayt G (1999) Survey of derivatives usage by U.S. non-financial firms. Financial Management, 27:70–91
Chan MC, Wong CC, Cheung BK-S, Tang GY-N (2002) Genetic algorithms in multi-stage portfolio optimization system. In proceedings of the eighth international conference of the Society for Computational Economics, Computing in Economics and Finance, Aix-en-Provence, France
Culp C and Miller M (1994) Risk management lessons from Metallgesellschaft, Journal of Applied Corporate Finance
Ernst & Young (2005) Treasury operations survey 2005 results
Eun CS and Resnick BG (2004) International financial management. Third edition, Irwin McGraw Hill, New York
Finlay PN (1994) Introducing decision support systems, NCC Blackwell, Blackwell Publishers, Oxford/UK Cambridge/Mass
Frawley W, Piatetsky-Shapiro G, Matheus C (1992) Knowledge discovery in databases: An overview. AI Magazine, Fall 1992, 213–228
Gachet A (2004) Building model-driven decision support systems with dicodess, VDF, Zurich
Greenspan A (1999) Financial derivatives. Speech, before the Futures Industry Association, Boca Raton, Florida, March 19
Keen PGW and Morton MSSS (1978) Decision support systems: an organizational perspective, Addison-Wesley Publishing, Reading/Mass
Markowitz HM (1971) Portfolio selection: efficient diversification of investments, Yale University Press
Mello AS and Parsons JE (1994) Maturity structure of a hedge matters. Lessons from MG AG, Derivatives Quarterly, Fall, 7–15
Mitchell TM (1997) Machine Learning, McGraw-Hill
Modigliani F and Miller M (1958) The cost of capital, corporation finance and the theory of investment. American Economic Review, 48:261–97
Nguyen HT and Walker EA (2005) A first course in fuzzy logic, Third edition, Chapman & Hall
Pacheco MA, Noronha M, Vellasco M, Lopes C (2000) Cash flow planning and optimization through genetic algorithms. In: Computing in Economics and Finance 2000, Society for Computational Economics (eds)
Peramunetilleke D, Wong RK (2002): Currency exchange rate forecasting from news headlines. In proceedings of the thirteenth Australasian conference on database technologies, 131–139, Australian Computer Society, Inc
Power DJ (1997) What is a DSS? The On-Line Executive Journal for Data-Intensive Decision Support, October 21, vol 1, no 3, http://dssresources.com/papers/dssarticles.html
Power DJ (2000) Web-based and model-driven decision support systems: concepts and issues. In proceedings of the Americas conference on information systems, Long Beach, California
Power DJ (2002) Decision support systems: concepts and resources for managers, Quorum Books, Westport/CT
PricewaterhouseCoopers (2003) Corporate treasury in Deutschland, Industriestudie
Rockart J (1988) The line takes leadership – IS management in a wired society, Sloan Management Review, Summer, 57–64
Trema (2002) Introducing Finance KIT for Unix and Windows, Version 8.0.8
Turban E (1995) Decision support and expert systems: management support systems, Prentice Hall, Englewood Cliffs/NJ
Ullrich CM, Seese D, and Chalup S (2005): Predicting foreign exchange rate return directions with support vector machines. In proceedings of the fourth Australasian data mining conference, Simoff SJ, Williams GJ, Galloway J and Kolyshkina I (eds), 221–240, Sydney, Australia
Unknown (2006): Treasury management systems – choosing a TMS. Treasury Today, April, 7
Zachman JA (1987): A framework for information systems architecture, IBM Systems Journal, 26, no 3
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Ullrich, C., Henkel, J. (2008). Process-Oriented Systems in Corporate Treasuries: A Case Study from BMW Group. In: Seese, D., Weinhardt, C., Schlottmann, F. (eds) Handbook on Information Technology in Finance. International Handbooks Information System. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-49487-4_5
Download citation
DOI: https://doi.org/10.1007/978-3-540-49487-4_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-49486-7
Online ISBN: 978-3-540-49487-4
eBook Packages: Business and EconomicsEconomics and Finance (R0)