While a majority of corporate treasuries still depend on spreadsheets to run their treasury related operations, more and more organizations are adopting treasury management systems (TMS). Implementing a TMS can improve the effectiveness of your treasury function, allowing treasurers to standardize processes, centralize key functions, create a straight-through processing environment, and provide a single source of truth for all financial data.
Erik Bratt's blog
Erik Bratt, Senior Director of Corporate Marketing
Erik Bratt is a veteran technology marketing executive, helping accelerate brand awareness and drive lead generation capabilities for B2B technology leaders. He is currently the Senior Director of Corporate Marketing at Kyriba, where he oversees branding, content and communications on a global level. Previously, Erik held senior-level positions at Microsoft, Tealium, Ensighten and WebSideStory (now part of Adobe Systems). Earlier in his career, Erik was a journalist for The San Diego Union-Tribune. He graduated from San Diego State University.
CFOs who invest in cloud-based treasury management systems can expect to see a 55 percent reduction in idle cash in just one year, while reaping an average of $1.5M in interest benefits over a five-year period, according to updated results from Kyriba’s ongoing business case analyses with dozens of companies in the U.S. and Europe.
The reasons why companies should adopt a treasury management system (TMS) are even more compelling today than they were five years ago.
Organizations considering using Kyriba’s leading cloud treasury and financial management platform expect to gain an average of 464 hours per month in global productivity while achieving $3.9 million in total savings over a five-year period, according to a review of business case data conducted with 49 U.S. companies.
Once again, it’s the time of year when we worry about things that go bump in the night. And for treasurers around the world, there’s plenty to be concerned about. Here are nine stats that are likely to strike fear in the heart of every treasurer.
1. 74%--Percentage of U.S. financial professionals that were victims of payments fraud in 2016