Here are ten practical steps that can help treasury be successful:

1. Executive management support
2. Ascertain corporate strategy
3. seek IT participation
4. Open communication channels should be maintained with all the stakeholders
5. External relationships with TMS 
6. which areas within treasury operations will be impacted by system changes
7. Any employees who are likely to be affected by the project should be informed
8. Impact on treasury operations
9. flow of information into and out of the TMS should be assessed
10. draw up a definitive list of requirements using the information collated.

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