Andre van der Toorn, Head of Treasury at global staffing company Adecco had a need for sophisticated payments processing and made the case for a specialist solution.
How the Adecco Group managed to gain the best out of a co-operated TMS and the TIS Payment Platform
Adecco Group – The success story. Andre van der Toorn, Head of Treasury at global staffing company Adecco had a need for sophisticated payments processing and made the case for a specialist solution. The resulting combination of a TMS and TIS Smart Payments has given Adecco more than the sum of the two parts.
Added value or redundancy? The typical Treasury Management System (TMS) — SWIFT connected, multiuser and loaded with functionality is a marvel of modern technology. There are few tasks in treasury that cannot be made efficient through the use of a TMS. And very few sophisticated treasuries without one. Yet many of these same treasuries also integrate specialist solutions for bank account management, foreign exchange, payments and other tasks with their TMS.
From a technology standpoint this is a simple matter, little different from adding an additional module of functionality from the TMS vendor. From a business perspective this suggests that many treasurers see superior functionality beyond what’s offered in their TMS. To get this upgrade treasury must make the business case for acquiring and implementing a system when more limited functionality may already be included in their TMS license and possibly that of their ERP as well.
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