05/06/2019These are the five reasons why titan treasury is in Deloitte’s top 8 TMS solutions: delivery model, deployment time, frequency of updates, functionalities, but most importantly… because of it’s focus on people.
The Centrus Analytics and 3V Finance teams are very pleased to see that, after a few months of interviews and detailed answers to an extensive Request for Proposal (RFP), titantreasury has made it to Deloitte’s list of 8 leading Treasury Management Systems available to the UK market.
The Deloitte Treasury Technology Market Intelligence 2019 report, published this May, aims to help businesses map out their treasury strategy and requirements in order to find the best treasury management system vendor to match these needs and beyond.
The report is a market based review of today’s and tomorrow’s Treasury technologies and how their implementation, which could be seen as a challenge to most organisations, can actually be an opportunity to deploy creative solutions that deliver simple, transparent and efficient Treasury processes.
The report maps out the current Treasury Management System’s vendor market. Deloitte has surveyed 8 leading vendors, covering 14 individual systems, based on what the consultancy firm has observed most often amongst their clients.
The key comparison criteria between vendors were (1) delivery model, the (2) average deployment time, the (3) frequency of major platform upgrades and the (4) level of functionality coverage.
See below how titantreasury performed in each of these criteria:
1.Delivery model
titantreasury gives the users the delivery options to choose from that best suits their organisational needs.
2. Average deployment time
Disciplined communications, close project management and exceeding client expectations are key to sucessfully delivering a software between 3 to 5 months on average. We have pushed the limits on this by bringing our average implementation time in 2019 to less than 2 months. A detailed kick-off phase of understanding the client’s requirements, continued and frequent communications to align expectations, trasnparency around every step of the way and working together is what enables us to deliver quickly and efficiently for our clients.
3. Frequency of major platform updates
Upgrading once a year means users can plan ahead for major platform upgrades, request training for new functionalities, and the upgrades are free.
Each upgrade is communicated in advance through a client release detailing new functionalities and, if they are interested in any of the new functionilites, users can schedule the time
they suit them best for a training session. The client is the pilot for the upgrades.
4. Level of functionality coverage
There is a variance amongst the functional coverage but again with titantreasury this is driven by the client and their constraints. We believe in giving options to the clients to ensure the solution matches their needs, overcome their constraints and deliver on their objectives.
Beyond that we believe that there is a 5th reason why titantreasury stands out from the best TMS vendors available.
The 5th is the most important reason in our view. In the words of Deloitte’s own experts:
“Companies should make vendor and technology decisions that ‘best fit’ their individual businesses. This includes a vendor that understands your requirements, has the right deployment model, can integrate best resources of both teams and provides an application where the ‘feel and fit’ is in tune with the existing application landscape.”
5. Understanding the client and working as an extension of their team
At Centrus we believe in putting people first. That means understanding the client and working together every step of the way are essential part of how we work.
Although this is a key criteria when chosing the best TMS solution, it is a very difficult one to measure with a technical survey and RFPs like what has been done historically. However, for Centrus this is a key part of the project delivery, and our team works closely with clients, asking for feedback and quickly implementing the necessary actions to get to the best outcome possible.
titantreasury empowers treasury professionals to focus on value.
We help clients such as Pennon Group, Orbit Group, Irwell Valley Homes, A2Dominion, Carrefour, Accor Hotels and many others to make their lives easier.
If you’d like to like to book a demonstration with our team, please contact Gilles Bonlong, Director – Centrus
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You can download the original report at Deloitte’s website clicking here.
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