Treasury Sciences wants to make it easier for corporate treasuries to switch from spreadsheets to software, so it designed its treasury management product to make it faster to install and it allows potential buyers to use the product on an evaluation basis. Its Enterprise Treasury Management Solution is a cloud computing product whose modules include cash and liquidity management, secure payment processing, long-term forecasting and fraud detection. (For more on Treasury Sciences, see Cloud Computing Rolls In.)
The time that it takes to get a treasury system up and running is the reason so many companies still use Excel, argues Ravi Pande, a managing director at Houston-based Treasury Sciences, which has been in business just over two years. "The return on investment isn't there if you have to spend six months to a year to bring the system up," he says.