Costly TMS Upgrades Tackled by NFS
Nordic Financial Systems (NFS) has introduced a new upgrade methodology, enabling multinational corporations to benefit from quicker and more cost effective upgrades to their Treasury Management Systems (TMS). The methodology can be applied to any TMS and reduces time and cost issues related to data or script conversion, inherent with such projects, according to NFS. ‘With TMS vendors releasing new versions of their software at least once a year, it can be costly and time consuming for customers to keep up-to-date with new versions,’ explained Magnus Lind, CEO, NFS. ‘NFS’ upgrade methodology follows seven phases from pre-study to project closure. Expert assistance and knowledge is brought in to support the treasury at specific points in their project and we have proven to reduce the amount of time customers spend upgrading,’ he noted.