Treasury management systems face a tech upgrade

All-in-one TMSs are not about to disappear, but with fintechs developing solutions focused on specific treasury functions, using more than one platform is a viable option.

The traditional treasury management system (TMS) is not the only option available for companies looking to strategically upgrade their treasury function.

Indeed, the established model of using a single system is under threat from corporates using multiple standalone components. Treasuries today face a host of issues that cannot be resolved by a traditional TMS.

This has led to TMS vendor market consolidation, a driver for which is that greater scale supports the ability to deliver niche capabilities on top of the core solution.

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