DIGITAL TRANSFORMATION ADDS NEW VALUE FOR CLOUD TREASURY MANAGEMENT SOLUTIONS
August 28, 2019
Leveraging technology to automate treasury operations brings tremendous cost savings and efficiencies for treasury in the areas of time/staff utilization, reduce banking costs, mitigate risk of errors, and enabling stronger, more profitable cash utilization.
Today’s TMS models focus on leveraging lean and nimble digital experiences that create more value for treasury including:
Smarter integration with enterprise applications using APIs
Improved efficiencies for internal communications and financial process collaboration
Greater scalability as digital TMS platforms are generally less expensive to implement, maintain, and grow
In this whitepaper, we will explore the second revolution of Cloud technology as it applies to treasury management solutions and understand d why these value points are only now truly achievable.