Treasury Management Systems (TMS) features explained
for Cash Management
Comprehensive platforms that integrate cash management, forecasting, and bank connectivity. These systems provide real-time visibility into global cash positions, automate reconciliation processes, and manage internal and external cash flows.
Every feature we track for Treasury Management Systems (TMS) products, with a description of what each one means.
Accounting and Reconciliation
Automated and manual processes for booking transactions and reconciling accounts.
- Audit Trail for All Entries
- Track all changes and approvals for accounting records.
- Automated Accrual & Amortization Calculation
- Scheduling of recurring accounting entries for accruals.
- Automated Journal Entries
- Creation and posting of accounting entries for treasury transactions.
- Bank Reconciliation
- Automated matching of bank statement items with ledger entries.
- Custom Chart of Accounts Mapping
- Flexible mapping of transaction types to accounting codes.
- ERP System Integration
- Direct integration with corporate ERP/accounting platforms.
- Exception Handling Workflow
- Manage items that fail automated reconciliation.
- Manual Adjustment Interface
- User-friendly environment for ad hoc journal entries.
- Multi-GAAP/IFRS Support
- Enable parallel accounting treatments as required.
Bank Connectivity & Integration
Capabilities related to connecting with banking partners, retrieving account data, and automating instructions to banks.
- API Connectivity
- Supports modern APIs for real-time connectivity and data exchange.
- Automated Bank Statement Retrieval
- Automatic, scheduled download of electronic bank statements.
- Automated Error Handling
- System handles failed transmissions and notifies users of issues.
- Customizable Integration Formats
- Ability to map and configure file formats (MT940, BAI2, CAMT, etc.).
- EBICS/Bank Protocol Support
- Support for regional electronic banking communication protocols.
- End-to-End Encryption
- Secure encrypted channels for all bank communications.
- Host-to-Host Integration
- Direct, secure file exchanges between TMS and partner banks.
- Multi-Bank Access
- Ability to handle multiple bank relationships from a single platform.
- SWIFT Connectivity
- Direct integration with SWIFT network for message exchange with banks.
- Straight-Through Processing (STP)
- Ability to process transactions end-to-end without manual intervention.
- Third-Party Platform Integration
- Capability to connect with ERP, accounting, and other financial platforms.
Cash Positioning and Forecasting
Tools and functionalities that allow treasury professionals to assess current cash positions in real time and accurately forecast future cash needs and surpluses.
- Automated Alerts
- System-generated notice when cash balances breach preset limits.
- Automated Bank Data Integration
- Direct feeds from banking partners for daily or intraday balance updates.
- Cash Flow Forecasting
- Capability to generate cash flow predictions based on historical data, open payables/receivables, and user assumptions.
- Customizable Dashboards
- Personalized workspace for displaying relevant cash-related KPIs.
- Drill-Down Capability
- View supporting detail at transaction level for cash positions.
- Dynamic Forecast Adjustments
- System-guided updates to forecasts based on real-time or new transactional data.
- Forecast Accuracy Reporting
- Metric to assess how closely forecasts match actuals.
- Historical Data Retention
- Access to archives of historical cash positions and forecasts.
- Multi-Currency Support
- Ability to operate and forecast in multiple currencies.
- Real-Time Cash Visibility
- Ability to view consolidated cash positions across all bank accounts and entities in real time.
- Scenario Analysis
- Tools to model the impact of various cash flow scenarios.
- Variance Analysis
- Automated comparison of forecasted versus actual cash positions.
Implementation & Support
Pre- and post-implementation services bundled with the TMS product.
- 24/7 Support Availability
- Round-the-clock customer service access.
- Customer Community Forums
- User-to-user support and product improvement discussions.
- Customizable Onboarding Programs
- Tailored onboarding processes to fit organizational structure.
- Dedicated Support Team
- Tiered help desk and escalation procedures.
- Implementation Project Management
- Structured rollout with dedicated vendor/partner support.
- Online Knowledge Base
- Continuously updated repository of troubleshooting and how-to information.
- Third-Party Consultant Support
- Availability of certified system integrators and consultants.
- Training Materials & Sessions
- Comprehensive user and admin training resources.
Liquidity Management
Tools to optimize utilization of company liquidity, including pooling and sweeping.
- Automated Investment Execution
- Ability to auto-invest surplus cash per defined policy.
- Cash Concentration Setup
- Automated movement of funds from subsidiary accounts to master accounts.
- Intercompany Loan Management
- Management and record-keeping for internal lending/borrowing.
- Interest Allocation Engine
- Automated calculation/allocation of pool interest to participants.
- Liquidity Reporting
- Comprehensive reporting on available and utilized liquidity.
- Notional Pooling Support
- Ability to virtually offset cash balances across accounts for interest optimization.
- Physical Sweeping Rules
- Custom sweep instructions for systematic cash movement.
- Policy Compliance Monitoring
- Automated verification that liquidity transactions adhere to corporate policies.
- Real-Time Pool Position
- Instantaneous view of pooled cash positions.
- Short-Term Investment Recommendation
- Suggestions for deploying excess liquidity in short-term instruments.
Payment Management
Tools and safeguards for initiating, approving, tracking, and reconciling payments.
- Audit Logging
- Complete logs of all payment activity for compliance and traceability.
- Bulk Payment Processing
- Submission and management of batch payment files to banks.
- Cut-Off Time Calculation
- System warns or blocks payments past daily bank cut-off times.
- Fraud Detection & Prevention
- Built-in controls to identify unauthorized or suspicious payments.
- Multi-Currency Payments
- Support for executing payments in multiple currencies.
- Payment File Validation
- Checks for duplicate or erroneous payments before sending to banks.
- Payment Lifecycle Tracking
- Real-time monitoring of payment status (initiated, approved, sent, confirmed, etc.).
- Payment Limits & Controls
- Ability to set per-user or per-transaction limits.
- Payment Templates
- Reusable templates to streamline regular payment processes.
- Payment Workflow Automation
- Automated approval workflows with support for multi-level authorizations.
- Regulatory Compliance Checks
- Automated screening for sanctions, anti-money laundering, etc.
Reporting and Business Intelligence
Capabilities to generate, customize, and distribute financial and operational reports.
- Ad Hoc Query Tools
- Search and pivot treasury data on demand.
- Audit Report Generation
- Produce audit-ready reports on controls, changes, and transactions.
- Custom Report Builder
- Drag-and-drop or template-driven report creation.
- Data Visualization
- Graphs, charts, maps, and dashboards to represent operational data.
- Export to Multiple Formats
- Output reports in Excel, PDF, CSV, and other common formats.
- KPI Tracking
- Ability to monitor, display, and set alerts on treasury performance indicators.
- Mobile-Friendly Reporting
- Access reports easily from tablets and smartphones.
- Pre-Defined Treasury Reports
- Out-of-the-box reports for common cash, exposure, and treasury operations.
- Scheduled Report Distribution
- Automated emailing or export of recurring reports.
Risk Management & Analytics
Features geared towards assessing, monitoring, and managing financial risk.
- Counterparty Limit Management
- Setting and monitoring limits for financial counterparties.
- Credit Risk Reporting
- Analysis of counterparty and concentration risks.
- Custom Analytics & KPIs
- Design and track custom risk metrics.
- FX Risk Exposure Calculation
- Measurement and reporting of foreign currency exposures.
- Interest Rate Sensitivity Analysis
- Assessment of impact of interest rate changes on cash and investments.
- Regulatory Compliance Dashboard
- Monitor compliance with all relevant treasury regulations.
- Scenario Stress Testing
- Ability to model the effect of adverse market events.
- Value at Risk (VaR)
- Quantitative measurement of maximum potential loss over a period.
Security & Controls
Measures protecting data and processes, as well as user authentication and access management.
- Audit Logging
- Record of all user activity for compliance and review.
- Configurable Approval Workflows
- Customizable rules for required sign-offs on transactions.
- Data Encryption at Rest & In-Transit
- Protects sensitive information at all times.
- Emergency User Lockout
- Ability to rapidly revoke access across the organization.
- Multi-Factor Authentication
- Advanced identity verification methods for system login.
- Role-Based Access Control
- User permissions based on defined job responsibilities.
- Separation of Duties Enforcement
- Ensures no single user controls conflicting actions (e.g., initiation and approval).
- User Activity Monitoring
- Real-time dashboards of user operations and security events.
System Administration & Maintenance
Administrative functions and tools for managing the ongoing operation of the TMS.
- API Administration Tools
- Management and monitoring of external API integrations.
- Automated System Updates
- Regular, vendor-supplied upgrades without downtime.
- Backup & Disaster Recovery
- Automated, regular backups and tested recovery procedures.
- Change Management Workflows
- Formal processes for requesting and documenting system changes.
- Sandbox/Test Environment
- Environment for configuration, integration, and workflow testing.
- Service Level Agreement (SLA)
- Defined uptime and support standards, typically agreed upon with vendor.
- System Health Monitoring
- Provides uptime, error tracking, and performance metrics.
- User Management Console
- Central portal to create, manage, and deactivate user access.
User Experience & Collaboration
Features focused on user productivity, accessibility, and cross-team coordination.
- Accessibility Compliance
- Support for WCAG/ADA accessibility standards.
- Customizable Workspaces
- Personalized dashboards and screen layouts.
- Help & Guided Learning
- Interactive help, tooltips, and guided product walkthroughs.
- Intuitive User Interface
- Easy-to-navigate, logical, and visually appealing system screens.
- Mobile App Access
- Native or web-based mobile applications.
- Multi-Language Support
- Localized language options for global teams.
- Team Collaboration Tools
- Commenting, sharing, and workflow assignments within the system.
- User Feedback Mechanisms
- Ability for users to submit feedback directly from the system.