X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

All you need is a browser. Selkirk Technologies Inc. says it will introduce a browser-based treasury management system, Treasura, this fall that will allow any employee anywhere in the world to access it with only the help of a browser. “This is the next-generation technology,” says Tom Morrison, vice president of products at Vancouver-based Selkirk. “It enables treasurers and treasury managers who are traveling to get into the system and authorize payments or get their daily reports or whatever it is they need, to manage treasury wherever they are. Really, it’s about accessibility.” Jeanne Capachin, research director for corporate banking at Financial Insights, a Framingham, Mass., technology consulting company, agrees that treasury management systems will move toward the browser-based model and says that other vendors are working on similar systems. “Selkirk is definitely ahead of the pack, but I don’t know how far ahead they are,” she says. That said, Capachin suspects that it could take many years before corporate customers all migrate to this kind of a web-based system, given the money and time they’ve invested in their current systems. To use Treasura, companies can choose to put the software on their own server or use Treasura on a subscription basis, with the software residing elsewhere. Morrison claims that Treasura should save companies money. “It’s more efficient to maintain and manage, and easier to implement, so implementation costs should be lower,” he says. “And [it's] easier to learn, so training costs should be lower.”

This premium content is locked for
Treasury & Risk subscribers only.

Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.