Most treasury workstations (treasury management systems) provide a core cash management module which includes bank communications, cash reconciliation, cash positioning, etc. In order to create a system that can be applicable to many organizations the treasury workstation vendors typically allow the client to implement other functional al-la-carte based upon their requirements. In this treasury best practice graphic you can see that the most popular functions (beyond cash positioning) to be implemented are Cash Accounting, Cash Forecasting, Debt Management and EFT's. The least popular treasury workstation modules are Bank Fee Analysis (mainly because most organization utilize spreadsheets for this function), Risk Management, Inter-Company Loans, Foreign Exchange, etc.
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Relevant TreaSolution Services:
Treasury Benchmarking Reports
Treasury Workstation Selection (RFP)
Treasury Workstation Implementation
Treasury Intelligence Reports (FI's)
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Do you agree or disagree with this data? Please feel free to use the comments to post your thoughts or questions.
Relevant TreaSolution Services:
Treasury Benchmarking Reports
Treasury Workstation Selection (RFP)
Treasury Workstation Implementation
Treasury Intelligence Reports (FI's)
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