Trends in Cash, Liquidity, and Working Capital Managment Automation: Assessing TMS Vendors, Part II

July 17, 2009
Industry Trends
Global, Asia-Pacific, EMEA, Latin America, North America


Economic conditions demand the synchronized management of cash, liquidity, and working capital. Treasury management system vendors are competing for a growing market, and corporate users must be aware of their relative stengths and weaknesses.

A treasury management system (TMS) is a suite of software applications treasurers use to integrate their operations with corporate business results. In this report, Trends in Cash, Liquidity, and Working Capital Management Automation: Assessing TMS Vendors (Parts I and II), Celent evaluates TMS solutions for corporations, analyzing and comparing the technical and functional solutions offered by a select number of TMS packages that cover treasurers’ cash management needs.

Sensitive data of the corporate financial supply chain are dispersed in disparate systems, and the need for more effective, synchronized visibility has become imperative. This report investigates how the selected vendor solutions go beyond traditional back office cash applications to cover other areas in great demand, namely, integration and payment processing platforms.

"Only a limited portion of the true value of a TMS resides in features and functions," says Enrico Camerinelli, senior analyst with Celent’s Banking group and author of the report. "The long-term success and ROI of a TMS installation depends on how well it integrates with best-of-breed solutions for foreign exchange, transaction analysis, trading, hedge accounting, payments, netting, and pooling, and with bank processing systems."

This report uses Celent’s ABCD Vendor View framework to analyze vendor solutions based on their ability to address the needs of corporate treasurers. For each vendor, the report evaluates the assessment criteria and provides in-depth comments. An ABCD chart depicts the position of each vendor on a matrix.

A companion report, Part II, has 60 pages and contains 13 figures and one table. Featured players are: Kyriba, SAP, and IT2.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
Tel: +1 212 345 1366

Europe (London)
Chris Williams
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary


Evaluation Criteria


SunGard--AvantGard Quantum

Wall Street Systems (Wallstreet): Wallstreet Treasury


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