Corporate treasury management systems reloaded

Posted: 18 April 2017 | | No comments yet

Over the last 30 years, the role of the corporate treasurer has changed significantly…

Spreadsheets and tasks independent from the rest of the company are now long gone, making way to gradually pave the way to integrated and centralised treasury management systems.

Current software in corporate treasuries

The corporate treasurer lives in a connected world, having to deal with real-time market information, make immediate decisions, and manage a large number of banks, subsidiaries and providers.

Yet, many treasury platforms are still unable to ensure collaborative instantaneous work due to a lack of features, or to secure and centralise all financial data and flows because of outdated technologies and slow evolution. This often leads to the multiplication of software packages in the company, causing compatibility issues or a heavy workload when it comes to interface maintenance.

TMS: the new generation

To make a clean break with the past, a new generation of TMS now frees treasurers from bad habits, and proposes a unique tool that fulfills every treasurer’s needs, like:

  • Full security and data confidentiality
  • Real-time management and a 360° view
  • Simple deployment with no local or additional installation
  • Functional richness: front-, middle- and back-office (and management of associated risks), cash management, accounting, bank communication, reconciliation, eBAM
  • No need for new interfaces
  • Extended customisation and configuration (workflows, task automation, scheduling)
  • Simple administration and maintenance (lower TCO).

New software packages, like Treasury Line, lean on new technologies, allowing a new approach to professional application by relying on three-tier architecture, basic server storage and processing capacities, and only needing a simple web browser to access the system.

Consequently, new software providers can propose new packaged offers, requiring almost no installation (e.g. SaaS, PaaS, ASP), which allows companies leave behind high operating and maintenance costs, and be freed from internal IS priorities.

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