The keys to better treasury: ERP vs TMS
When treasury gets the chance to invest in its systems, should it choose an ERP treasury module, or a dedicated niche TMS? It’s not often that treasury gets to spend. It manages the cash for the rest of the company to splash, but more often than not, it’s asked to be as stingy as possible with itself. But when a company exceeds the growth point in which excel sheets are sufficient to manage treasury, bank accounts and payments, the treasury department often gets the opportunity to spend money on the back office. While there will be no one-size-fits-all choice for what each treasury team should recommend when informing on the choice of back office systems, there are common points to consider.