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Things to do Before Fully Integrating New Technology

June 11, 2013 − by Keith − in Blog − Comments Off on Things to do Before Fully Integrating New Technology

Many companies believe that implementing a treasury management system will solve their treasury problems. What most find out that the problem lies within your own organizational operational process and will not be solved with implementing technology.  What you forget is that technology is a tool to execute the business and is not a solution. This is true for fully integrated treasury management systems, treasury workstations, and cash flow forecasting application.

Technology should be used for transaction processing, payment processing, aggregation and consolidation of data, accounting and things like cash flow analysis. Treasury consultants lay the foundation by providing necessary advice for improved operational process taking into account technology. Treasury consulting, improved operational processes together with technology are what provide the ultimate solution.

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