Dear {{lead.First Name:default=Subscriber}},

The purchase of a new treasury management system (TMS) is a major technological investment for any organization. “For this reason, chief technology officers (CTOs) and IT personnel often support treasury teams during the request for proposal (RFP) process for a new TMS,” argues Nick Biasevich, director of technical sales enablement, Kyriba, in his latest article.

“That’s not to say that the CTO and treasury will necessarily agree on everything to do with a TMS, but the selection process is likely to be smoother if treasurers understand what their CTO wants and expects from the solution,” he continues.

However, some on Twitter disagrees. One industry commentator wrote: “My experience suggests that few even [multinational] non-US corps have a #CTO and usually only a very harassed IT team!”

Another commented: “Experience says that, for such reasons, very few IT people “get it” as regards [to] the impact of a TMS on an organisation. Few have the luxury of a CFO prepared to champion the cause. Harassed treasurers have to work hard to bring doubters on board and change perceptions of treasury.”

Read more of Biasevich’s article here. I would also love to hear your opinions on this issue at [email protected].

Vicky Beckett

Editor, The Global Treasurer