SUMMA CLM module, building on its integration with banks and ERP systems, provides immediate visibility of present cash position for each subsidiary as well as for the whole corporate group.
Easy to use dashboards and reports provide either detailed or consolidated position of liquidity by country, bank, account, cash flow category or any other parameter that might be required by a system user.

Highly flexible Liquidity forecasting enables creation of reliable forecasts of cash positions for upcoming days, weeks or months, utilising automatic feeds from banks, ERP systems or treasury operations.

SUMMA CLM Forecasting

• daily automatic feed of all bank account transactions and balances
• daily automatic feed of all receivables and payables from ERP
• quick and easy dashboards with individually customised views
• short, mid or long-term liquidity views, with possible inclusion of loans or financial instruments
• views by country, bank, currency, subsidiary, group, or as defined by user
• recalculations of cash flows of a financial instruments based on real-time market data
• visibility of cash-flow types, such as VAT obligations, other taxes, salaries, bank fees or supplier payables
• distinction between liquidity forecasts based on committed cash-flows (invoices, contracts) vs. general outlooks

Flexible tool for quick and user friendly modelling of key parameters and its impact on future cash flows. This includes modelling of changes in customers payment discipline, business plan outlook or exchange rate estimations with immediate reflection in liquidity scenarios.

All changes are visualized in a new liquidity scenario that is easy to compare with the original view, highlighting key changes and impacts. High level of flexibility, including adjustments on customer level, customer group, country, specific month or any other desired level is available.

SUMMA Modelling

• user friendly screen with predefined key parameters for quick scenario modelling
• easy to compare multiple scenarios visualized on one screen
• possibility to create detailed specific conditions for scenarios, specific customers, cash-flow types or time periods
• visual topline check of business plan cash flow
• drilldown option to see details and components of any cash flow forecast shown on liquidity screen
• sensitivity of cash flow to FX rate volatility and FX risk management

SUMMA CLM provides clients with a complete overview of all bank account balances and transactions via automatic feeds of bank account statements. Personalized dashboards enable CFOs to see all the bank accounts of the group at any given time with adjustable structural views for countries, subsidiaries or currencies.

SUMMA Bank accounts

• automatic feed of bank account statements with balances and transactions
• instant overview of cash position by bank, country, currency, subsidiary or group
• possibility to review liquidity by including short term loans and overdraft facilities
• user friendly dashboard with personalized views

Flexible platform for centralized payment management for the overall group. SUMMA helps to administer accounts from one place. It helps to manage access rights to create, approve and execute payment instructions to different banks and accounts within the company.

SUMMA CLM enables to work with multiple counterparty accounts, supports netting and splitting of payments and
automatically send payment advices to customers.

SUMMA Payment management

• adjustable pyment flow to create/approve/execute payments for any bank account in the group
• one single place for processing of all payments within the whole organization
• automatic netting with possibility to send payment advices directly to counterparties
• management of invoices

Store and manage documents related to transactions and forecasts such as contracts, customer meeting notes, electronic invoices or deal confirmation letters in the system.

Flexible transaction flow configuration enables to use the system for electronic invoice passing, including approval of invoices and payments generation, or as a platform to manage and store other documents or contracts. Detailed audit trail history is in line with standard compliance requirements.

System supports complete invoice passing and adjustable transaction and approval flow.

SUMMA DM & Compliance

• transparent and instant view of corporate cash position and liquidity forecasts
• user friendly visual system with adjustable dashboards and reports fit for top management use
• easy scenario modelling for fast data-driven decisions
• opportunity to maximize revenues from available cash and at the same time minimize financial costs
• possibility to track and compare business plan cash flow vs. actual delivery
• system solution eliminates manual errors and transaction costs via automation and inter-connectivity with banks and ERP
• full audit trail of actions in the system for compliance purposes

SUMMA is an easy to use system for management of the entire transaction lifecycle. From deal entry to settlements, valuations, reporting and accounting outputs SUMMA fully integrates the process of managing financial transactions in a robust and comprehensive way.

SUMMA Transaction Management

• Deal acceptance (configurable 4-eyes principle)
• Confirmation sent, confirmation matched
• Settlement of deals
• Daily bookkeeping
• Competitive counterparty quotes for improved analysis and audit
• Unique reference number for each transaction in a user-defined format, unique audit transaction number
• Configurable workflow (direct and reverse condition-based transaction flow and associated automatic events)

SUMMA covers a wide range of financial instruments used in corporate hedging strategy, from simple FX Instruments (Spot, Forwards) to more complex FX Options or Interest Rate Derivatives (IR Swaps, FRAs, Futures). In-depth coverage of instruments in the commodity and equity space is provided as well.

SUMMA Instruments

• Cash/Money Market
  • Cash Payments/Transfers
  • Deposits/Loans
  • Discount/Commercial Papers
  • Money Market Funds
• FX Market
  • FX Spot/Forward/Swap
  • FX Options
  • Non-deliverable Forwards
• Fixed Income
  • Bonds (Fixed rate/Floating rate)
  • IR Swaps/ FRAs
• Equity Market
  • Shares/Equity Funds
• Commodities/Commodity Swaps

SUMMA provides an easy to interpret risk visualisation and exposure modelling. This enables risk managers and corporate treasures to focus on taking the appropriate decisions in order to mitigate these risks and improve financial performance.
SUMMA Position and risk management

• Liquidity position (liquidity risk)
• Calendar gaps, risk gaps, division by bank/bank account, currency or company/portfolio, possible to incorporate forecasts
• Ability to link exposures and hedges together (Hedge relationship)
• Currency position monitoring
• Simulations (interest/FX rate sensitivities, simulated transactions)
• Drill-down up to transaction level
• Advanced features – Value at Risk available (historical/Monte Carlo simulation)
• Limits management / monitoring

• Position and risk reporting
• Filtering/grouping/pivoting
• Calculated columns
• Workflow reporting, identification of required tasks and status monitoring
• Delivery of reports (screen-based, by e-mail, formal reporting in pdf. format)
• Microsoft office connectivity with ability to enhance quality of documents by adding system #hashtags

Accounting

• Daily bookkeeping
• Periodic booking
• Book value change

SUMMA provides very high level of interconnectivity with other systems and applications used in corporate finance. This is supplemented by compatibility with major market data providers and trading systems. User conformity is enhanced by Straight Through Processing(STP) of trades for certain types of trades/systems.

• Cash Forecast
• Payments and Receivables (ERP)
• Balances (Bank)
• Payments (Bank, SWIFT)
• Confirmation (Bank, SWIFT)
• Trades (Bloomberg, Reuters, Web-platforms)
• Accounting (ERP)
• Market Information management
• Risk Ratings, Correlations and volatilities