27 May 2020

Why our Treasury Management System is perfect for medium-sized companies

Written by

Jan-Willem Attevelt

Photography by
Jan-Willem Attevelt

A Treasury Management System (TMS) helps your company manage and automate financial operations. Other than an ERP system, a TMS specializes in areas like Liquidity Management, Cash Flow Forecasting, and Financial Risk Management. There are a lot of different TMS companies out there, each offering systems with their own strengths and weaknesses.

Traditionally, implementing a TMS within your company is complex and takes at least a few months. The total costs of implementing and using a TMS is high (think USD 20k+ per year). Because of this, the benefits of a TMS are usually only enjoyed by large companies. Medium-sized companies instead rely on Excel spreadsheets to manage their treasury workflows. They connect with their banks via phone or platforms that don’t connect. This traditional way of working has proven to be time-consuming and error-prone for a lot of companies.

At TreasurUp we think this should change. That is why we are partnering with banks to build a cloud-based TMS fit for medium-sized companies (turnover from $10mln+ up to $2bln). Our light TMS can be implemented within your company in hours and will cost you only a very small fraction of the normal price.

We are building the next generation TMS focused on automation and bank integration so that your company can enjoy benefits in the following areas:

Liquidity Management

The platform aims to offer you full visibility of the cash within your organization. Because the platform will work with APIs, you can connect with the different bank accounts in your organization in minutes. Reporting with your consolidated cash position will become possible in real-time, also on our mobile app. You can easily analyze your historical cash (balances and transactions) by using the comprehensive drill-down functionalities, configure notifications related to your cash position, or convert foreign account balances with a few clicks. You can also configure rules to automatically categorize your historical transactions, which will allow you to analyze the historical development of certain types of cash flows and apply predictive analytics.

Cash Flow Forecasting

If your company has multiple subsidiaries, getting a view on your consolidated Cash Flow Forecast can be challenging, because you have to combine data from several sources. We are giving companies the tools to easily enter Cash Flow Forecast data (by manual entry, Excel upload, financial instruments, or ERP data) in different currencies. The treasurer or financial manager can easily combine all the data in the organization and have a consolidated view so that required actions can be easily determined (e.g. determine working capital needs and hedge FX exposure). To assess the quality of Cash Flow Forecast data, there is a report that will automatically compare Actuals with Forecast data across the whole organization.

FX Risk Management

The platform allows you to have a clear insight into your FX exposure (which can come from your order data or Cash Flow Forecasts). After you set up your hedge policy, the platform will constantly monitor if you are underhedged (or overhedged) and display the hedges that are necessary to comply with your hedge policy. Thanks to the bank integration, you can execute the hedges required with just a few clicks.

Next to these advanced auto-FX hedging capabilities, the TMS also offers users the possibility to manually execute FX instruments (Spots, Forwards and Swaps) and easily manage FX positions.

The above three pillars will become the foundation of the next generation TMS that TreasurUp is building together with its bank partners. The TMS will be offered through our banking partners and to their clients. Together, we have the mission to allow medium-sized companies to enjoy the benefits of a TMS (cost savings, easy risk management) without having to pay the costs of a traditional TMS.


Would your company start using this TMS if it was offered by your bank? Please use the contact form to get in touch!