TMS: Channel for Innovation

November 26, 2013

Every year, we feature a cover story in TMI on the subject of treasury management technology and every year it becomes more difficult. In some years, speaking frankly, there has not been much that is new to say. This is by no means the case this year. One of the challenges this year is to distinguish between what technology is used for (i.e. the functionality it provides) and how it is deployed, particularly the use of cloud-based solutions. The growth of cloud-based computing is a positive development in treasury, in that we are seeing significant innovation that is facilitating treasurers’ expanding role; however, it is important not to get lost in the hyperbole surrounding ‘the cloud’ and focus instead on what each treasury needs to fulfil its strategic and operational role in a secure and efficient way.

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