TMS Survey Finds SaaS Appeals, but Installed Systems Still Rule
Despite improved technological capability of cloud-based systems, installed treasury management systems (TMS) remain the offering of choice, according to newly-issued research.
The 2015 AFP/gtnews Treasury Management Systems Survey, underwritten by Bloomberg, found that while 54% of organisations use installed TMS systems, 33% of survey respondents say their organisation’s TMS is delivered as Software-as-a-Service (SaaS) system and 13% are modules within enterprise resource planning (ERP).
AFP/gtnewsbased its findings on responses from 403 treasury and financial professionals around the globe. Among the findings in the survey:
“While treasury management systems contribute to efficiencies in a variety of processes, treasury and financial professionals note that there are areas for improvement, including improved analytics and business intelligence,” said Jim Kaitz, president and chief executive (CEO) of the AFP, parent of gtnews.
Terry Beadle, global head of corporate treasury, Bloomberg LP added: “TMS benefits like cash visibility and adding strategic value are lost to medium-sized firms, which have neither the budget nor resources to implement a traditional TMS.
“Mid-sized firms have a tremendous opportunity to automate, improve cash and risk viability, and add value to the business if they use the right technology.”
The full survey can be read here.