Purchasing a treasury management system is a huge investment for a treasury department. The process is informed by the company's priorities, and it's complicated by the ongoing evolution in technology.

The treasury software market has made a huge leap in recent years as more and more companies adopted cloud-based solutions, but now a whole new wave of technologies is rolling in, from application programming interfaces (APIs) to artificial intelligence and blockchain.

Treasurers continue to seek more transparency, the ability to better manage payments, and improved reporting. And as data breaches and cybercrimes proliferate, the security of treasury technology is becoming a bigger issue.

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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.