WHY A TREASURY MANAGEMENT SYSTEM:
Over the past two years our global economy has experienced a meltdown. The financial markets are fraught with uncertainty and caution. We have witnessed several large financial institutions collapse, experienced the scarcity of tightened credit, stressed over increase of liquidity risk, lost sleep over tanked investments, and were burned by the exposures to fluctuating currencies. All this sheds light on the need for better controls, quicker access to information, and better transparency. As this transformation has taken place the corporate needs continue to emerge. They need real-time access to information, system integration, and consolidated global reporting capabilities with the ability to create on demand reports for senior management. Excel spreadsheets have their place but are manual and risk prone. Companies must open their eyes to the need for treasury solutions. In short, to remain competitive companies need to ensure optimal use of treasury technology such as a Treasury Management System.
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