Thursday, Dec 7, 2023

The Benefits of Treasury Software in Business


A key benefit of treasury management systems is the increased productivity of treasury staff. These benefits can be quantified in various ways and are often expressed in terms of a full-time employee’s productivity divided by the system’s average cost. However, these benefits are generally defined as a percentage of staff productivity, which means a plan will save treasury teams a lot of manual work.


While corporate treasurers have long used treasury management systems to manage their money, they quickly become stale and outdated. With so many systems out there, it’s difficult to differentiate which one is the best and the inconsistent user experience. A few apparent improvements would be to group similar functions, personalize the dashboard, and reduce the number of clicks. However, the retail banking industry has embraced the latest technologies, and corporate treasurers should expect similar performance from their systems.

Globalization demands more sophisticated treasury technology. Globalization forces companies to rely on sophisticated systems, resulting in a highly efficient global operating model. This technology can meet these challenges and is increasingly important as companies seek to do more with less. It can automate processes that previously required an enormous amount of manual input, reducing organizational bottlenecks and enabling less location dependence. Ultimately, this technology supports the evolution of a global operating model.

Predictive rather than historical analysis

For example, companies can build a predictive model to alert them to payment risks, adverse liquidity, or market conditions. This kind of model can prepare the treasury for various situations and improve the company’s bottom line. For example, if a company is experiencing a downturn in the economy, a predictive model can help the firm prepare by anticipating payment delays.

The treasury will function as a business intelligence hub and provide end-to-end reports to the finance department, regulators, and customers. A treasury 4.0 solution should incorporate better analytics, automated business intelligence reporting, and people-centric, outward-looking versus inward-looking analysis.

Integration with other systems

Treasury software is not just for money management. It can also help other business areas, such as risk management and supply chain management. Many treasury technology providers add new capabilities to their systems, such as blockchain or AI. Prospective customers can talk to vendors about their plans to integrate these technologies into their treasury software. Besides technological advancements, macroeconomic factors like Brexit and interest rate fluctuations also affect the world of treasury management.

 Further, integration with other Treasury Software in Business systems can be done quickly through APIs. APIs are the primary entry point for businesses. They can be called by clients, internal systems, or business partners. APIs make business processes more manageable and efficient, enabling companies to engage in graceful interactions in the digital ecosystem. Citi implements API technology to make its TTS software more accessible to clients. Its technology helps it integrate with other systems and accelerate implementation. The company can test the system before deploying it.


As a business grows, the requirements for treasury software expand. The application must be able to handle increasing data volumes and numbers of units at a time. It should also have the ability to leverage a high-performance system environment, which enables users to add new servers as needed. This flexibility allows users to scale up as their business grows. Treasury software should also be scalable to support the demands of a business’s growth plans and meet regulatory requirements.

Another challenge that treasury professionals and business leaders face is scalability. Scalable systems are designed to accommodate growth, whether in the number of employees or the company’s size. The most flexible and scalable software will not require a significant capital investment and can scale up with the business. A SaaS system will scale with the company, rather than the other way around. When selecting a software solution, consider scalability in several aspects.


The cost of implementing a new treasury software system is a significant consideration for business owners. This process involves gathering data from other departments, which may result in delays, insufficient resources, and disconnected technology tools. Moreover, unpredictable markets create additional challenges to the cash flow. In these situations, the treasury can benefit from a cash flow model that helps it plan and make informed decisions.

A treasury oversees five core areas within a business: financial risk management, liquidity management, and payment and settlement. As a result, the treasury can make better cash, debt, and investment decisions using this software. In addition, Treasury software can help you track A/P and A/R, both of which are essential components for the profitability of a business. Accurate A/P and A/R tracking can help you control costs and increase productivity. Using a treasury software system also enables you to switch service providers without rewriting all of your financial data.