The 2016 annual AFP conference in Orlando, Florida was all about breaking boundaries. For those of us who attended and who have practiced treasury, we were reminded of just how treasury continues to evolve.
Cloud and SaaS
The selection process of a Treasury Management Solution (TMS) is a multi-layered process. One of the most important, and where many decisions are made, is the product demonstration. The product demo is a snapshot into what the TMS offers. It is human nature to focus solely on the functionality reviewed during the demonstrations. Ensuring that the functionality meets your business needs is critical. However, there is more to the decision than the demonstration alone.
Some say with 10,000 hours of dedication to a subject you become a master, but though I have twice that, Supply Chain Finance program development continues to provide interesting and fun challenges to solve. For the past decade, I have implemented more than 50 SCF programs, and no two were alike: some were very successful programs; a few were less successful programs; but also, quite a few were disappointing– where the working capital gains realized were only a fraction of the real potential of the programs. Sadly, I have also witnessed completely failed SCF initiatives.