Definition: Treasury Management Software manages the creation and governance of policies and procedures that ensure the company manages financial risk successfully.

The primary function of treasury management software is  to establish levels for cash or cash equivalents. Resulting in a company meeting its financial obligations on time, treasury management is sometimes simply referred to as cash management.

Because a primary function of treasury management is establishing levels for cash, it’s sometimes referred to as cash management.

A treasury management system, or ERP, is an application that automates the repetitive steps to manage a company’s cash.  A TMS, solution is on-prem or a SaaS subscription  a third-party provide. TMS consists of hardware, software and real-time data for cash positions, interest rates, payables, receivables and foreign exchange rates.

Some treasury vendors support a mix of messaging standards including BAI2, EDIFACT, EDI, SWIFT FIN and ISO 20022.


The best Treasury management software vendors are without a doubt Infor and Kyriba

These solutions provide CFOs and treasurers with the visibility and reporting they need to optimize cash and liquidity, control bank accounts, deliver compliance, and better manage in-house banking and financial transactions. See why IDC ranked Kyriba and Infor as the global leader for SaaS and cloud-enabled treasury and risk management applications. Request the report

Infor contains three core modules.

  1. Firstly provides treasurers with visibility and reporting they need to optimize their cash, control bank accounts, and manage liquidity.
  2. Secondly enables users to manage and track debt and investments and integrates with ERP cash management, payables, and global ledger.
  3. Thirdly offers global, multi-bank payment. Users can support corporate payment and disbursement, including payment factories and payments-on-behalf-of.

Smart Solution can help you implement both software solutions. Connect with us to discuss


More about Treasury management Software

Start Your Day with 100% Cash Visibility

Having clarity and visibility into an organization’s cash and liquidity above all a fundamental and vital requirement for any treasury department.  This needed to support critical financial decisions and strategic business objectives. Leverage industry-best bank connectivity so clients can get their cash positions from every global bank at the start of the day.

Create Perfect Cash Forecasts

Deliver timely and accurate global cash visibility, enabling treasury teams to create accurate forecasts that deliver confidence throughout the organization. In conclusion a TMS’s advanced cash forecasting capabilities are extensive for options for entry, import, modeling and measuring the effectiveness of cash forecasts. For instance this enables clients to extend the accuracy and horizon of their cash forecasting—by day, week, month or year.

Gain Control of Your Global Bank Accounts

Trying to manage too many bank accounts worldwide creates chaos, confusion and potential compliance and security risks. Therefore treasury management software for bank relationship management solution enables clients to improve control over all global bank accounts, including segregation of duties, audit trails, signatory tracking, FBAR reporting and more. Just as interesting the solution also offers robust bank fee analysis to help monitor—and reduce—bank fee structures.

Easily Manage In-House Banking Capabilities

A TMS’ in-house banking capabilities enable organizations to track and report inter-company transactions between a parent company and particularly subsidiaries to help pool cash and more efficiently borrow, invest or hedge exposures. Coupled with features for  interest calculations, in-house bank transactions, in-house bank balances, reporting to subsidiaries and more.

 

Better Manage Financial Transactions

The lack of visibility into an organization’s investing and borrowing can leave the treasury department feeling exposed to risk and possible fraud. For this reason Saas Solutions enables clients to easily manage and track a broad set of financial transactions, including debt, interest rate derivatives, investments and foreign exchange. Restating the obvious, all seamlessly integrated with accounting and other treasury functions through a centralized cloud platform.