What Is a Treasury Management System (TMS)?

Treasury departments are automated through a treasury management system (TMS). Treasury management systems enable corporations to communicate seamlessly over the internet with their cash management banks, other financial institutions, and their customers or suppliers. They also increase the reliability of financial reporting and decision making by reducing, if not eliminating, the repetitive handling of time-sensitive financial data.

Typical TMS Functionality

The following chart shows the typical data flow and functionality of a TMS.


From AFP® Webinar Series