Identification of System Requirements for Next Generation’s Treasury Management Systems

Abstract

The contribution of this master’s thesis was to provide an identification of system requirements of the next generations’ treasury management systems. Using theory of requirements engineering as a point of reference, future system criteria have been presented. These criteria are also based on an evolution and identification of existing system requirements. By conducting in-depth interviews and profound literary reviews, the author identified these criteria against functional and non-functional features. The current nonfunctional criteria were Duty of Segregation and Authorisation, Real-time Principle, Straight-Through Processing (STP), and Internal and External Integration. The current functional criteria were Full Derivative and Currency Support, Web-enabled Functionality, Netting Functionality, and Pooling Functionality. The future non-functional criteria were Further Integration and Enhanced STP, Modularisation, Partitioning of the Database Architecture, XML versus EDIFACT and Open Standards, Regulatory Compliance, and Improved Technical Reliability and Stability. The future functional criteria were identified as Real-time Trading Functionality, Enhanced Web-enabled Functionality, and Integrated Cash Management Functionality.