Why a TMS is not enough
The typical Treasury Management System (TMS) — SWIFT connected, multiuser and loaded with functionality is a marvel of modern technology. There are few tasks in treasury that cannot be made efficient through the use of a TMS. And very few sophisticated treasuries without one.
Yet many of these same treasuries also integrate specialist solutions for bank account management, foreign exchange, payments and other tasks with their TMS. From a technology standpoint this is a simple matter, little different from adding an additional module of functionality from the TMS vendor. From a business perspective this suggests that many treasurers see superior functionality beyond what’s offered in their TMS. To get this upgrade treasury must make the business case for acquiring and implementing a system when more limited functionality may already be included in their TMS license and possibly that of their ERP as well.