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Treasury and IT integration in plain English: Part III when treasury shares.(Selected Topic)

Business Credit

| March 01, 2004 | Poje, Richard J. | COPYRIGHT 2004 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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