2+2=5: The Modular Approach for Treasury
A universal remote control is under-utilized if all you have is a T.V. Not to mention wasteful expenditure!
And, the same concept is applicable even in case of the new-age banking solutions, especially treasury systems. Of course, having a comprehensive suite of functionalities is nice but if all its modules are not going to be immediately utilized then going the modular way may be the best way to achieve higher efficiency and lower cost of ownership.
Today, freedom of choice and commercial viability have become important criteria in the selection of a banking treasury solution. A modular solution that allows users to pick and pay for only those capabilities that they actually need makes ample sense in these conservative times, and not just for smaller banks. While it is true that a modular solution holds a strong commercial appeal for banks with restricted or modest treasury operations, it also offers Tier I banks the flexibility to quickly add select components to their existing treasury solutions landscape.
The advantages of a modular solution over a full-blown implementation are many – from lower total cost of ownership to organized budgetary spend; from faster implementation to having wider capabilities within reach. A modular treasury implementation should allow users to pick and select components as per need, reducing lead time, cost and failure risk.
Ultimately, such a solution definitely has something for everyone – while small banks can acquire limited yet sophisticated functionalities to fulfill current requirements, the big ones can top up existing capabilities without investing in yet another full-fledged, expensive solution.
