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ERP Software Modules Focused on Treasury Management Systems (TMS) Drive [url=http://www.piktor.fr/abercrombie-pas-cher/]abercrombie pas cher[/url] Profits
A leading consulting firm recently confirmed a trend of the benefits investing in treasury technology in Europe and North America. Many companies are interested in learning the added [url=http://www.ennenne.it]moncler[/url] value gained from treasury management systems.
Conclusion from discussion with all treasurers all over the world is as follows:
* Enterprise-wide visibility of cash. Companies with accurate cash updates can invest their surplus cash by proper plan and management of corporate liquidity effectively.
* Financial risk management. There are facilities to monitor counterparty limit utilization to avoid breaches to help to model different investing and borrowing decisions.
* Treasury efficiency. They help eliminate inefficiencies [url=http://www.kansaikai.jp/bbs/light.cgi?res=9770]barbour uk The Seven Steps to[/url] to make the staff focus and improve timeliness of management [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] reporting.
Spreadsheets, ERP - or TMS?
Recent studies reveal that treasuries in East Asia when compared with Europe and North America, depend on manual spread sheet based operations than automated ones. This trend is further confirmed by IACCT's observations.
The decision to move away from manual operations may be
[url=http://www.reedlawky.com/hollisterde.php]hollister deutschland[/url] * Cost/benefit analysis, efficiency, avoids duplication, quality check.
* They are too error prone, slow, lacks transparency.
When a corporate decision is supposed to be made to invest wisely, the practical choices with advantages and disadvantages are:
* Spreadsheet: Flexible, cheap and easy-to-use but not robust, insecure, no value added functionality.
* ERP: Enterprise-wide, politically correct but expensive to implement, expensive to upgrade, not mission-specific.
* TMS: Mission-specific, robust, secure, ease of integration, easy of use, dependable reporting, best practice for treasury.
Spreadsheets have been popular in smaller corporations since very long time but them losing their popularity because of their lack of robustness, transparency, etc. Re-fixing the solution is very expensive.
Expensive ERP systems [url=http://www.sandvikfw.net/shopuk.php]hollister sale[/url] are complex but comfortable in understanding the auditing processes except some like to forecast cash and to prepare or run critical management reports.
Treasurers find TMS more intuitive. Its nominal cash flow ledger can generate cash flow and [url=http://www.piktor.fr/moncler/]moncler[/url] accounting value journal entries TMS becomes a module of the generalist ERP system.
Process-oriented Technology
TMS's are process oriented that the [url=http://www.tesangay.com/barbour.php]barbour online shop[/url] presentation and operation of the system reflects specific treasury workflows. It [url=http://www.paolofranco.it/hogan-outlet/]hogan outlet[/url] is based around process maps which include counts of critical open items to illustrate the monitoring, control and the transparency of the solution provided.
The TMS can be justified when compared with the old practices like spread sheets. They concentrate on effectively managing cash and hedging risk professionally.
TMS integration possibilities
* Bank systems
* ERP systems
* Accounting and Consolidation systems
* Cash forecasts
* Online dealing systems
* Confirmation matching systems
* Microsoft office
* Market [url=http://www.lotogame.fr/hollisterfrance.php]hollister pas cher[/url] data systems
Benefits of TMS to a treasury business:
* Enterprise wide visibility of cash
* Surplus cash utilized to pay own debts and [url=http://extream.jp/mohikan/cgi/smokeisp/smokeisp.cgi]louboutin Oh, Christmas Tree,[/url] to provide cheap finance to existing and new projects
* Efficient management of internal cash
* Enhanced level of risk management
* Reduces time consuming and error prone manual tasks.
* Timely management reporting
* Reduces repetitive work to enhance staff focus
* Robust and [url=http://www.davidhabchy.com]barbour sale[/url] transparent
* Easy to train the staff
By implementation of TMS there exists a further benefit possibility [url=http://www.footdedemain.fr]jordan[/url] that may exist [url=http://buzz-clan.110mb.com/index.php?file=Guestbook]www.riad-marrakesh.fr Get a head start on shopping for y[/url] in specific cases.
Some effort is needed to select and implement the right TMS for your organization - but the real benefits are more valuable.
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ERP and TMS SolutionsArticle Summary: ERP and TMS Solutions - A leading consulting firm [url=http://www.1855sacramento.it/moncler.php]www.1855sacramento.it/moncler.php[/url] recently confirmed a trend of the [url=http://www.technick.fr]hollister france[/url] benefits investing in treasury technology in Europe and North America. Many companies are interested in learning the added value gained from treasury management systems.
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