Finacle Blog:A modular option for treasury implementation

Small and medium-sized banks are often in a quandary about renewing their treasury systems. Implementation is not just a complex, risk-bearing, expensive affair; it could take so long that by the time it’s done, the original objectives may have changed. What’s more, those with modest treasury operations may not need the entire repertoire of functionalities built into a full-fledged solution.

Pre-configured offerings available in the market enable accelerated implementation but offer virtually no flexibility or scope for customization. That’s not much use in present day banking when every organization has its own requirements and expectations.

Now, these banks have a viable and expedient alternative in the form of an innovative stand-alone solution that allows them to pick currently required functionalities from a menu and add more modules as they go along. It can be implemented within a short time, and at lower cost, since banks need only pay for the functions they choose to have. And since turnaround is quick, it circumvents most problems typically associated with treasury modernization – manpower constraints, project overrun and cost escalation.

Does this sound like something everyone outside of tier-1 treasuries have always been waiting for?