A significant portion of companies now use a cloud-basedtreasury system, although the majority still rely on softwareinstalled on-premises, according to a recent survey. Going forward,analysts and consultants expect increasing numbers of treasurydepartments to adopt cloud-based systems, particularly at small andmidsize companies.
The survey of more than 400 businesses around the world,conducted by the Association for Financial Professionals (AFP) andits gtnews unit, shows that 58% use some kind of treasurymanagement system; the portion is 66% in Europe and 53% in NorthAmerica.
Among those companies, 54% use an installed, dedicated system,while 13% rely on the treasury module of the company's ERP systemand 33% use software delivered via a software-as-a-service (SaaS)or application service provider (ASP) model.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
