TTMarch00Wren32-35.p Df.pdf

Samantha Wren, Director of Treasury at The Rank Group Plc, recounts how the group's treasury department updated its treasury management system (TMS) after a period of intense activity and divestment of non-core businesses. The old TMS was outdated, DOS-based, and no longer compatible with the group's operating environment. The treasury team took a step back to reappraise their use of technology and produced a systems strategy for the department. They decided to upgrade their information systems, implement electronic funds transfer, and select a new TMS. The selection process involved collecting marketing literature, attending conferences, and issuing a request for proposal (RFP) to selected vendors. The team evaluated the responses, shortlisted candidates, and conducted detailed meetings and site visits before making a final choice. The implementation phase required careful planning and resource management.