GREENWICH, Conn. - More than one-third of large companies and institutions worldwide use treasury management systems for a portion of their financial transactions, according to a new study by Greenwich Associates. The study also found 25% of pension funds interviewed worldwide used such systems.
The banking system Chase Insight and the Riskmetrics risk management tool have a slim majority as the most-used products among pension fund executives, said Bill Slocum, Greenwich spokesman.
Of the 2,898 institutions interviewed worldwide, 36% use a treasury management system. Continental Europe and South Africa lead the way with use of such systems, at 46% and 50% respectively; 40% of U.S. interviewees said they used one.