Far too often, companies that have invested in a treasury management system (TMS) miss the opportunities to maximise the value they receive. Many treat their TMS as a deals database, using it to register, confirm and report money market and foreign exchange (FX) deals. The system may run partly or totally on a standalone basis, without integration into other internal systems such as enterprise resource planning and accounting or external platforms such as banks’ systems; as a result, rekeying may be necessary to transfer the information from the TMS to other systems. And as new management reporting requirements arise, companies sometimes take a quick-fix approach, and set up spreadsheets to generate this reporting. The result is a treasury department that fails to get the best value from its TMS investment, and which may be incurring unnecessary expense and risk as a consequence.
