Last month Citibank presented a quite devastating assessment of corporates’ current TMS in their report titled Managing Risk and Opportunity through Uncertainty, see, which found that:

• 63% of respondents said their TMS was either not integrated or only partially integrated with their enterprise resource planning (ERP), which provides the required underlying business data to identify risk exposures;
• 45% said that their TMS didn’t support financial risk management processes, thereby creating greater complexity and potential for error;
• 77% reported that they lack full integration of their ERP and TMS infrastructure with banks, creating additional manual processes;
• Survey respondents said they have started to embrace new technologies for efficiency and integration, with 58% leveraging robotic process automation (RPA) and 54% using application programming interfaces (APIs).

Bank treasury management systems

The Bob's Guide report, The Treasury Management System Debate 2019 - sponsored by Calypso, found that 29% of respondents had had their treasury systems in place for less than two years, the same percentage are using treasury systems that are a decade old or more. The killer question was “How well do your systems meet your current requirements in the following areas?” which showed that current bank TMS are not doing that well either:

Source & Copyright©2019 - Bob's Guide 

Not only that the biggest pain points with current treasury systems are still:

Source & Copyright©2019 - Bob's Guide 

Upgrading the current system

Bob's Guide found that that 30% of respondents said they would be reviewing their current systems in the near term with a view to implementing a more advanced system. The main concerns about upgrading were budget restrictions, and implementation time and resources required.  

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CTMfile take: Unsurprisingly banks have the same treasury management needs as their corporate clients and they too have the same concerns about cost and implementation speed.