Treasury Workstations
January 27, 2009 – 6:14 amThe term treasury workstation generally refers to a self-contained bank- or vendor-supported treasury information system. The software that supports the system resides on a stand-alone PC or on a network-based computer system, and is comprised of modules that provide some or all of the functionalities described in the previous section. In addition, the software package requires telephone modem access for automated dial-up and access to bank databases containing transactional activity, and sequencing for specific functions.
The early treasury workstation products provided important features not previously available from dumb terminals. However, there were several deficiencies that affected the efficiency of treasury staff:
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Repetitive keying was required to move between modules and other systems.
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Company-specific spreadsheets had to be created.
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Few analytical tools were provided within the bank systems.
