Treasury Management System (TMS)
Overview
Treasury Management Systems (TMS) are tools for automating important financial operations securely and efficiently. They facilitate communication between treasury departments and their banking partners, allowing you to view data in real time.
TMS enables to prepare financial plans, implement annual budgets, handle cash resources, and ensure control and accountability. It also includes allotment and cash releases according to the annual budget, control of the budgetary spending process, management of cash flows, financial assets and liabilities, accounting, and internal audit of budget execution. You can use TMS to report and analyze data pertaining to payments, cash management, banking, and accounting from one platform.
Alight functional experts have developed this application based on various case studies and feedback as per the industry practice.
Key Features
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Effective Master Maintenance - Unit/ Department/ Branch/ Vendor wise
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Budget allocation across the organization.
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Organizational hierarchical workflow to manage budgeting, liability creation, monitoring and payments authorization.
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Integration with other banking application for payment processing.
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Capability of integrating other payment systems for comprehensive auditing.
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Graphical Analytical Dashboard for real-time monitoring of each activity.
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Customized User Access Management.
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Effective MIS Reporting and transaction reconciliation.
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E-Alerts and Notifications.
Benefits
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User Friendly interface.
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Real time visibility of Cash Flow.
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Enhanced operation quality.
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Reduce human errors.
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Completely security audited application.
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Can easily upgrade/customize with add on requirements