Client profile

Established in 1976, Medibank is a health company located in Australia, and has been an FIS® client since 2006.

Medibank implemented FIS Treasury and Risk Manager – Integrity Edition to help drive integration and automation across the department.

Accelerating and connecting treasury processes

Treasury and Risk Manager – Integrity Edition has helped automate not only cash monitoring and management, but also the recording of investment positions and trades.

The solution integrates with internal accounting systems and external banking, trading and market data partners. It allows Medibank to automatically upload market data, yield curves and market benchmarks – making it easier to monitor financial markets.

For accurate cash and investment position reporting at the end of the day, Medibank can integrate closing bank account balances and cash portfolio balances from bank files and custodian reports.

Automating accounting and valuation

The FIS solution generates journals whenever there is a purchase, sale, maturity or cash transaction in the investment portfolio. Each night, the system automatically uploads any journals created during the day to the general ledger – without any manual intervention.

At the end of every month, Medibank also updates valuation prices for all the securities it holds. Once treasury has input these updates into Treasury and Risk Manager – Integrity Edition, the solution is able to generate revaluation journals in a single journal file and integrates it into the accounting system.