TMS Often Offers Disappointment You Can Depend On
Recent consolidation and acquisitions leave treasuries unhappy with some TMS service providers.
As a group, treasury professionals are usually reliably disappointed with the treasury technology they deal with on a day-to-day basis (except for Excel, which is still a critical tool after all these years). Sure, there are some systems that treasurers are happy with, but there’s always some plug in, update or fix with which they’re not happy. And recently many are not happy with TMS consolidation and in some cases what it's doing to once serviceable offerings (ignoring, letting wither, etc).
Take for example the acquisition of Reval, a provider of treasury and risk management systems and services, by Ion Group. According to several treasury executives at a recent NeuGroup peer group meeting, services offered by Reval have declined markedly since its acquisition. As a result, several members said they have either decided to change providers or are considering it. Similar sentiment was heard at another NeuGroup meeting, this time a group of assistant treasurers. Read more here.
Also this week, a report from Standard & Poor’s about the state of the US corporate bond market. US economic expansion has supported corporate growth and profitability in recent years, says S&P, and the 2.9% increase in GDP that the rating agency forecasts for 2018 suggests corporate debt issuance will continue at strong levels. The trend is similar in Europe, where the European Central Bank (ECB) isn’t expected to hike rates before late 2019. Read more here.
For over 20 years, iTreasurer has delivered intelligence for treasurers. Based on exclusive access to senior treasury executives who are members of The NeuGroup Network of treasury peer groups, iTreasurer takes their real-world experience to produce articles, case studies and reports that are specifically meaningful to treasury best practice. www.iTreasurer.com.