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We can argue from now until sun-up about the way in which treasury and IT should integrate. Where the question is managing information or initiating transactions, it almost always boils down to one of two broad protocols:
1. Using a treasury-specific application called a "workstation" or "Treasury Management System" (TMS) that gathers information from banks, initiates transactions, structures "deals," and, generally, provides "middleware" functionality bridging the outside world with a corporation's internal financial systems. When treasurers purchase workstations, they typically play a lead role in the system's selection and implementation. Some vendors use ...