Why Modern Cloud Treasury Management Systems Are Better for SMB Debt Portfolio Management?
This article is a contribution from our partner, TreasuryView Despite 80% of CFO offices and treasury teams still relying on spreadsheets, this method poses significant risks in today’s volatile market. Errors, losses, and inefficiencies are all too common. Times are changing and SMBs can play in the big league now, too. Shortcoming of Traditional Treasury Systems. Especially for SMBs Implementation time is long, including IT, trainings Traditional systems typically take 4 to 18 months to implement, causing significant delays in operational capabilities. During this time, businesses are often stuck in a holding pattern, unable to address ongoing issues effectively. Lack on innovation on a financial field The financial field is constantly evolving, yet legacy systems use outdated methods that create major operational challenges. Manual reconciliations, for instance, might seem minor with error rates between 0.8% and 1.8%. However, for companies processing 100,000 transactions daily, this results in 800 to 1,800 errors each day, potentially leading to compliance issues and financial inaccuracies. Furthermore, manual processes hinder productivity and heighten operational risks. Treasury teams often find themselves bogged down with email documents, version comparisons, meeting schedules, and data entry. These inefficiencies drain resources and create vulnerabilities in critical financial operations. High Direct and indirect Costs of Traditional TMS The direct and indirect costs of traditional TMS are substantial, encompassing months of sales discussions, implementation expenses, and significant investments in server hardware, IT staff, and software licenses. Most companies underestimate these ongoing costs, which include: Long contracts: risk of getting the Software that does not meet the CFO team members actual need. Traditional, entreprise- level TMS usually comes with binding contracts without the opportunity to test the software in advance to figure out, would it be user friendly but moreover, does it solve as many problems as the users have. Sometimes easier solutions could meet 80% of the needs and have the opportunity to really “try the software out” before you agree the contract for years. How Cloud Debt Management Software Makes a Difference? Especially for SMBs. Cloud-based debt management software enables financial teams to make decisions with unprecedented precision and confidence from day one. Easy to implement and user-friendly, platforms like TreasuryView often offer a free trial, allowing you to test the software risk-free. There are many advantages, especially for SMBs: Immediate Operational Readiness, Easy to Use. No istallations. Just log in and start working! Cloud-based debt management software like TreasuryView is ready to use now and gives financial teams clarity and insights to make informed decisions. With precision and confidence, from day one. Platforms have intuitive UX – designed end user in mind. This immediate readiness minimizes the cost of inactivity, enabling you to start making informed decisions quickly. Accessible and Affordable. Cloud-based software is designed to be straightforward to integrate. For SMBs, this means entry into the “big league” is not only possible but also practical. The ease of use and the option to try the software without any financial commitment reduce the barriers typically associated with advanced financial systems. Intelligent Scenario Testing with integrated market data. Cloud systems excel in flexibility and foresight, offering intelligent scenario testing that traditional systems cannot match. You can simulate thousands of potential outcomes based on historical data and current market conditions. This capability allows for detailed contingency planning, like assessing the impacts of currency devaluations, customer defaults, or supply chain disruptions on cash positions. Unified Data Foundation for Error Reduction – Everyone are Working with the same data. Collaborate easier accross subsidiaries or teams. And shate access with your accountant or CFO. A unified data foundation means that all stakeholders—from finance team members to external partners—work from the same set of accurate, up-to-date information. This centralization significantly reduces human errors and enhances overall data integrity, making it crucial for SMBs that need reliable data for decision-making. Security and Compliance Management, like SSO. Cloud debt management software provides strong frameworks that ensure ongoing compliance with changing regulations. Systems in cloud maintain detailed audit trails and monitor every modification, creating verifiable, compliant financial reports. Such rigorous security management is essential for protecting sensitive financial data and maintaining trust in increasingly regulated environments. For example, TreasuryView is hosting all clients´ data in Germany. See more from TreasuryView security matters. Comparison: Modern Cloud Debt Management vs Traditional System Traditional TMS Modern Cloud System TreasuryView Implementation Usually 4-18 months Immediate, cancel anytime User Professional, requires training Intuitive, suitable for all finance levels Annual Cost High upfront, ongoing time and license costs Subscription-based, affordable pricing Scalability Might requires significant hardware upgrades Highly scalable without significant additional costs Security Dependent on in-house measures; often outdated Advanced security features, regular updates Integration with systemy Often requires custom solutions Easy integration with existing systems User Accessibility Access mainly from on-premises Accessible anywhere via internet Latest Market Data Not available Pre-integrated Automation Entreprise automation Personal and enterprise automation Risk Engine None Built-in More about Spreadsheets vs TreasuryView in Debt management. Modern businesses can’t rely on traditional treasury management systems anymore Cloud-based solutions make debt management better and easier, especially for teams in SMBs and teams who search the alternative for Static Spreadsheets. Cloud solutions are changing how financial decisions are made. AI-powered analytics and integrated market data cut forecast errors in half and let companies test different scenarios easily. They also improve compliance management and build a solid data foundation that all stakeholders can use. Business leaders should take a hard look at their treasury operations. Old systems waste resources with long setups, security risks, and integration problems. Cloud solutions fix these issues. Cloud treasury software has become the new standard for debt management. The revolution that “it needs to take ages and €€€ to work” has begin. You can make better decisions already tomorrow. Also Read Join our Treasury Community Treasury Mastermind is a community of professionals working in treasury management or those interested in learning more about various topics related to treasury management, including cash management, foreign exchange management, and payments. To register and connect with Treasury professionals, click [HERE] or fill…
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Tide Partners with Atlar to Elevate Global Treasury
Tide, one of the world’s fastest-growing SME platforms, has selected Atlar to streamline its global treasury and finance function using Atlar’s full suite for payments, cash management, and bank-ERP connectivity. Empowering SMEs at global scale Founded in 2015, Tide has become a leading force in SME banking, offering a comprehensive financial platform that helps small businesses manage payments, invoicing, credit, and company formation. Headquartered in London, Tide now serves over one million members across the UK, India, and Germany, supported by more than 2,000 employees globally. As one of the UK’s largest business management platforms, Tide is scaling rapidly and developing increasingly sophisticated financial capabilities to match. With a growing international presence and the complexity of managing multiple banks, currencies, and legal entities, Tide sought a treasury infrastructure that could support both control and scale. A connected and future-ready treasury With Atlar, Tide gains real-time visibility and control across over fifteen financial partners, including global banks and payment platforms. The implementation includes full integration with SAP S/4HANA, ensuring smooth data flow between Tide’s ERP and financial ecosystem. Using Atlar’s modern treasury stack — covering cash management, payments, and forecasting — Tide can centralise its treasury functions across markets while automating key workflows. “As a global business operating at scale, we needed a modern and flexible treasury platform that could integrate seamlessly with our systems and banking partners. With Atlar, we’ve found a solution that gives us the visibility and control we need to support our continued growth,” said Piero Ardito, Director, Group Treasurer at Tide. This partnership reflects a broader trend of digital-first financial services companies adopting real-time, API-first treasury infrastructure to scale efficiently while maintaining control. “Tide is one of Europe’s standout fintech success stories, and we’re proud to play a part in enabling their financial capabilities behind the scenes,” said Joel Nordström, CEO and co-founder of Atlar. “This partnership shows how modern treasury teams are building for both control and scale.” The Atlar team is excited to support Tide as they continue expanding internationally and shaping the future of SME business banking. About Atlar Atlar is the modern treasury management system for the new economy — giving scaling finance teams real-time visibility and control through a single platform connected to their banks and ERPs. By managing these connections, Atlar accelerates time-to-value and simplifies complex financial infrastructure. Ambitious, tech-driven companies like Forto, GetYourGuide, Mangopay, Storytel, Tide, and Zilch rely on Atlar to automate cash management, payments, and forecasting through powerful, user-friendly tools. Backed by world-leading investors Index Ventures and General Catalyst, Atlar is also a preferred partner of industry leaders including NetSuite, Citi, and Nordea. About Tide Founded in 2015 and launched in 2017, Tide is the leading business financial platform in the UK. Tide helps SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting. Tide has more than 700,000 SME members in the UK (c. 12% market share) and more than 700,000 SMEs in India. Tide launched in Germany in May 2024. Tide has also been recognised with the Great Place to Work certification two years in a row. Tide has been funded by Anthemis, Apax Partners, Augmentum Fintech, Creandum, Salica Investments, Jigsaw, Latitude, LocalGlobe, SBI Group and Speedinvest, amongst others. It employs more than 2,000 Tideans worldwide. Tide’s long-term ambition is to be the leading business financial platform globally. Notice: JavaScript is required for this content.