Matt Blogs!

• • AFP publications, including AFP Exchange, AFP Pulse, and numerous others (www.afponline.org)

  • Treasury and Risk Management (www.treasuryandrisk.com)

  • Business Finance (www.businessfinance.com)

  • The Treasurer (U.K.) (www.treasurers.org)

  • Global Treasury News (U.K.) (www.gtnews.com)

Banks and vendors should be contacted for detailed information on treasury information system offerings, including modules, hardware requirements, implementation support, and typical pricing. The responses should be reviewed for compatibility with your requirements, and a ranking should be developed to focus on no more than three or four candidate systems.

Step 3: Review Vendor Offerings

The company’s requirements should be matched against the system specifications provided by the selected banks and vendors. Consideration should be given to such issues as customer service, hardware requirements, implementation time and support, reputation and financial strength, commitment to the business, comments by references, and pricing. Pricing includes various vendor and internal components, and these should be carefully estimated to determine the fully loaded cost of the new system:

• Initial fees, including start-up costs and site preparation

• Training

• Implementation fees

• Maintenance fees

• Technology upgrades, including hardware and telecommunications

• Ongoing internal support

Taken From : Essentials of Managing Corporate Cash