Nicolas Cailly took over as head of payments and cash management within the global transaction and payment services business unit of Societe Generale in October. Just a few weeks later, the bank announced that it had developed a new cloud-based cash-and-payment management solution for corporate clients based on the Kyriba platform.
When asked to outline the value proposition of this service, Cailly makes the point that even after extensive development by vendors over many years, there are still some corporates that do not utilize a treasury management system (TMS).
“We ran a study recently showing that a number of large companies are still using Excel for their treasury forecasting,” he says.
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