ERP vs. TMS vs. Excel - Friends or rivals?
Treasury departments have a growing set of technology options to manage their liquidity-related information flows. Over the recent years, ERP solutions have being extended with treasury functions and the emergence of cloud technologies have prompted specialised treasury vendors to launch multi-bank treasury portals. Despite such attractive vendor propositions, it seems spreadsheet-based treasury management remains the most widely practice. Does the use of Excel represent competition to ERP and TMS propositions? Or are those tools complementing each other? How will the use of those tools evolve in the future considering bank's continued investments in web portals?