Treasury Management

only an ERP system (such as SAP ERP) can execute multiple functions at the same time in real
time and fulfill all of the functions associated with cash management, payment execution,
accounting updates, and forecast updates. This reason alone makes the treasury applications
from SAP a much better option than using a nonintegrated treasury workstation.

Implementing a global ERP system has many business benefits, making it easy
to justify their implementation. Among the many benefits is the integration of
frontend application functions, such as supply chain and customer relationships,
with backend application functions, such as accounting, inventory management,
human resources, and cost planning. This integration results in the ability to analyze
costs in more detail and ultimately reduce them, to plan purchasing more in
alignment with demand, to plan and control labor and human resource costs, and
to make sure available labor is in line with existing work. Other benefits of global
ERP systems include the ability to perform multicompany, multicurrency transactions, and to standardize processes across multiple regions. As such, controlling
processes and reporting on them becomes much easier.
All of these benefits apply to global treasury ERP implementations. The ability
to perform risk management across the globe; to hedge multicurrency transactions;
to control flows of cash across banks, countries, and currencies; to plan cash
requirements; and to evaluate credit exposure are all reasons it is hard to conceive
of an efficient global treasury system that doesnt incorporate an ERP system.