Medium-sized companies often use extensive Excel files to manage their liquidity management. These spreadsheets in many cases have grown over the years. They have become error-prone, complex, and you cannot tell who changed data, a macro or even a formula. Wrong decisions based on unreliable information can have significant consequences for the company.
The quality of the spreadsheet is highly dependent on their creator and that might become risky when the expert leaves. While EXCEL is no database, the tables do not offer any historization or search functions for data from the past.
So, it is high time to switch to a professional Treasury Management System (TMS), in which all bank accounts and cashflows, financial deals and hedging transactions, even guarantees and credit lines can be properly managed, analysed and simulated. However, the decision is often postponed for various ambiguous excuses which deserve a closer look:
You don’t need additional staff, our people have managed a lot of implementations with companies in the same situation. Our staff takes a lot of work out of your hands. Alternatively, an external consultant can help.
This might be possible, but if that is the case, usually it is only for a short period and it is always worth the extra effort. With our help you can get started in a few weeks. Our training will be tailored to your needs.
No, internet access and a web browser are sufficient, as the private cloud application is implemented individually for you in our ISO27001-certified data centre located in the EU (Germany) only.
Before becoming a master you have to learn, including Excel. However, we have designed our system in such a way that you assume in many screens that you are working in Excel. The workflows in the various modules are also designed in a similar way, so you will quickly find your way around.
We would like to give it a try. We cannot do everything off the top of one’s head but as of today there has been only very little that was not covered in our flexibly configurable solution.
Trinity Treasury Management System is compatible with all common browsers and even allows you to work from your home office during these times.