Implementing a new treasury management system represents a considerable investment for a company. When it comes to system selection, David Miller, treasurer at Hunt Companies, recommends spending the time to understand each product.
"The way it's demoed versus the way you actually use it are different in every situation," he said. "Until you actually use the product, you can't fully understand the way it works." If the vendor allows it, he suggests doing a proof of concept with one of the company's banks.
Bob Stark, Kyriba's vice president of strategy, noted that many companies now involve their IT staff in the process by having them assess the systems they're considering.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
