James Gilbert Director of Business Development, FXpress Corporation
James Gilbert Director of Business Development, FXpress Corporation

Using Software as a Service (SaaS) for more effective Corporate Treasury Management,

First Published: e-Forex Magazine 25 / The e-Forex Surgery / October, 2006

A common question asked by practitioners is: What is Software as a Service?The basic concept of Software as a Service (SaaS) is that it’s a software delivery model where a provider delivers and maintains software, most commonly via the Internet, to its customer. There are various definitions and acronyms used to describe this method of deployment, the most common being Application Service Provider (ASP); however, they all mostly refer to the same thing. This service has existed and thrived during the last decade within many domains such as human resources, CRM, and retail. It’s only been the last few years that it’s gaining true acceptance in corporate treasury.If Web-based software has been around for almost a decade then why has it taken so long for corporate treasuries to adopt the technology?In the late 90s, the introduction of ASP software set-off an immediate buzz in the marketplace. The buzz fizzled among corporate treasurers as they began to evaluate the technology and the...continued

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