In our live session, our panelists discussed the critical aspects of selecting and implementing a Treasury Management System (TMS). They emphasized the importance of understanding organizational needs, stakeholder alignment, and the potential impact of new technologies like AI on treasury operations.

The conversation highlighted the necessity of thorough preparation and the value of engaging experienced consultants to guide the process.

The session featured insights from the following lineup of speakers:

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Key Takeaways

Know What You Need

Know what you want, stick to your guns,” emphasized Chris, underscoring the need for clarity in treasury requirements.

Set Clear Priorities

Leon noted, “Focus on what is it primarily that I want,” highlighting the importance of prioritizing specific treasury objectives.

Focus on Real Gains

Cyrille stated, “The value is about what you will get,” stressing the significance of understanding the benefits of a TMS project.

Tech Needs a Solid Base

Chris warned, “AI does the analytics; you still need a central database,” pointing out that technology should complement existing systems.

Get Leadership on Board

Leon advised, “Make sure you first have a senior sponsorship in your organization,” indicating the necessity of top-level support for successful implementation.

Clean Data Matters

Cyrille mentioned, “The quality of data, volume of data is key,” reinforcing the importance of data integrity in leveraging AI technologies.

Conclusion

The session covered practical experiences around TMS selection and implementation. Our speakers stressed the value of knowing what you want, securing internal support, and making sure your tech setup fits your goals. If your current tools fall short, it might be time to rethink your approach!

Feel free to reach out to the panelists if you have any more questions after the session.

We hope to see you in a next session!

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