By Rebecca Spong
Tim Murphy, treasurer at the payments company Square, does not hold back when talking about traditional treasury management systems (TMS) he has worked with during his career.
“I have used and implemented many [treasury systems] and hated each one I’ve ever worked with,” he said during Treasury Dragons’ first livestreamed Fireside Chat.
For the last six years, Murphy has been part of Square’s growth from a provider of point-of-sale systems for SMEs to a giant with revenues of $47bn offering a wide range of payment processing solutions.
Given the level of innovation Square was demonstrating in its the customer-facing products, Murphy wanted to apply the same innovation to its internal treasury systems.
By Steve Whalley
Working with technology in enterprise treasury, either within the treasury team or as an external consultant can be frustrating. The technology available is comprehensive but there are elements of all the solutions available that are difficult to use without ‘expert’ guidance from the supplier.
It should not be this way.
The tools available should be able to be configured by any competent treasury professional without the need to understand the vagaries of the system’s original design, often lost in the mists of time.
The first Treasury Dragons Virtual Round Table, supported by Bottomline, brought 10 senior treasury leaders together to share experiences of combatting fraud and cybercrime in treasury
Treasury Technology news from the experts at Treasury Dragons.