Dan Coutts Director - Global DevelopmentIntegrity Treasury Solutions Pty Ltd Sydney, Australia
Dan Coutts Director - Global DevelopmentIntegrity Treasury Solutions Pty Ltd Sydney, Australia

TMS engines – the building blocks of the future

Dan Coutts shows why selecting a robust TMS Engine is important for your business.

First Published: e-Forex Magazine 13 / Features / January, 2004

Treasury departments face many of the same challenges being met throughout the business world. The push for improved efficiencies and reduced costs is driving much of the systems innovation taking place in Treasury around the globe.There are two basic approaches being followed. The first is to implement single vendor ERP or CRM type solutions to address not only Treasury requirements, but many of the systems requirements for an organisation. Although these systems promise attractive solutions from a cost, implementation and support point of view, they often fall short on functionality and require expensive development efforts to match business processes.The second approach is to invest in building blocks that when assembled, provide a comprehensive solution to your treasury needs. The primary advantage of the building block approach is that “best of breed” solutions may be selected from multiple vendors and integrated with in-house efforts. These best of breed solutions are often provided by...continued

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