Fraud and Security
The problems associated with spreadsheets are well documented, yet many treasury professionals continue to overlook these shortcomings when it comes to running their overall treasury operations.
The purchase of a new treasury management system (TMS) is a major technological investment for any organization. For this reason, chief technology officers (CTOs) and IT personnel often support treasury teams during the request for proposal (RFP) process for a new TMS. In fact, responsible technology vendors would normally suggest that the CTO is involved in the process from start to finish.