Category Archives: Tms

The passing of Jamey Rootes, who served as the president of the Houston Texans for 20 years, hit me pretty hard.

I only met him a couple of times, one of which was in 2020 when he gave me an autographed copy of his book The Winning Game Plan to review. I frequently passed by him on the sidelines while I was photographing Texans games. I doubt he would have remembered my name, but most people in the organization recognize me as the photographer with the cowboy hat.

When Rootes took his life on Sunday, Aug. 21, I was shocked, as were most people. It was akin to Robin Williams committing suicide. Youd never suspect that someone who seemed so happy, content, and confident would be harboring suicidal thoughts. Every time I saw Rootes he was smiling, upbeat, and positive. His book oozed his passion and enthusiasm. He was a man clearly living the dream.

What really brought it home for me was the fact that my brother has been heavy on my heart this week. Tomorrow (Aug. 26) would have been his 56th birthday. He took his life Jan. 1, 2021. Hardly a day goes by that I dont feel the pain of his loss or the fondness of his memory. Yesterday was also the birthday of a former youth pastor at our church. He was energetic, creative, and fun and stunned everyone who knew him when he ended his life three years ago.

I cant say that I fully understand why people suffer in silence and then abruptly end their suffering, but then again, I do understand it. For many years I suffered with moderate to severe depression. I was never to the point of wanting to end my life, but I did have several bouts where I no longer wanted to live. And yes, there is a difference.

I know what its like to feel so lost and hopeless that you just want your misery to end. I know what it feels like to grudgingly trudge through the motions of each day unable to feel any positive emotion at all. I spent more than 12 years not feeling joy, peace, love, happiness, contentment, excitement, euphoria, etc. Oh, there would be brief moments when those feelings would surface, but they were quickly quashed and the darkness would return.

I overcame my depression through Transcranial Magnetic Stimulation (TMS) treatments two years ago. Thats the happy ending to my story. Unfortunately, the treatment is not well known, very expensive, and only has a 75% success rate. My point is, there is hope. The light at the end of the tunnel isnt a train. There are many ways to battle depression. TMS is what worked for me.

The one thing that kept me from tipping over from not wanting to live to wanting to die was love. I couldnt bear the thought of the trauma my death would cause my family. I may not have been able to feel love, but I loved them too much to make them suffer that way. Ive never told anyone that before, so it might come as a surprise when they read this.

Love is powerful and should never be underestimated. As the Bible tells us in 1 Corinthians 13:13, And now these three remain: faith, hope and love.But the greatest of these is love. One of my favorite quotes is from the late Rocky Mountain News columnist John Coit: Life is short and it hurts. Love is the only drug that works.

Today I feel love. Perhaps thats what makes these losses to suicide so painful. Its been said that suicide doesnt end the pain, it just transfers it. As I scroll through my Facebook feed, I see a huge outpouring of love for Jamey Rootes. He made an enormously positive impact not only on the Texans and the city of Houston, but in every aspect of life that he touched. We still need his fire to burn brightly. Now we must carry the torch without him.

I know there are some who are reading this and mentally and emotionally theyre in that dark, foreboding place. Trust me when I say there is hope. There is love. There is a future and world that absolutely needs you. If you find yourself on that threshold, call 988, the suicide prevention hotline. Call a friend. Pray. You are not alone. Your life has meaning and value and its meant to be shared with all those around you.

Joe Southern is the managing editor of the Wharton Journal-Spectator and the East Bernard Express. He can be reached at news@journal-spectator.com.

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Don't go there, your life matters | East Bernard Express | journal-spectator.com - Wharton Journal Spectator

Turvo, provider of the worlds leading collaboration application designed for the supply chain, and project44, the worlds leading advanced visibility platform for shippers and third-party logistics firms, announce a strategic and technical partnership that brings technological innovation to the forefront and raises the bar for collaborative transportation management systems (TMS) in the logistics industry.

By integrating Turvo and project44, shippers, logistics providers, and carriers engaged in full and less-than-truckload (LTL) shipments, will see dramatic improvements in visibility and productivity, helping customers save time and money at a time when its most needed.

Turvo and project44 are bringing together an entire ecosystem of innovative supply chain solutions, saidScott Lang, Chief Executive Officer at Turvo. Logistics is a team sport, but outdated technology makes it hard for shippers, LSPs, and carriers to work together effectively. Were excited to partner with project44 to increase collaboration and visibility throughout the supply chain.

Also Read: Three Key Supply Chain Issues to Watch in 2022

Combined with Turvos advanced collaborative logistics capabilities, brokers, 3PLs, shippers and their customers will gain unprecedented insight into their shipments and supply chain. In turn, project44 customers will benefit from Turvos award-winning collaborative TMS solution, empowering them to become more efficient, grow their businesses, and deliver outstanding customer experiences.

In particular, Turvo customers will be able to capitalize on project44s precise shipment tracking and dynamic estimated times of arrival capabilities.

This partnership advances Turvo and project44s shared goal of a 360-degree digitalization of the supply chain that brings customers so close to the market at any given time that they can detect what change is essential and respond quickly with the most competitive solution.

Changing Markets Demand Smarter Solutions

With the severe staff shortages being felt throughout the global economy, supply chain software has become crucial in enabling lean, agile teams to outperform the complexities of the current operating environment.

Inefficient processes to find carriers, uncertain and highly variable arrival times, and the potential downstream consequences have heralded the need for a better way of working in an extremely complex operating environment.

Also Read: The role of real-time data analytics in improving and guiding business decisions

project44 is on a mission to make the worlds supply chains work, and at a time when they are more volatile than ever before, this partnership enables shippers to gain actionable insights into shipments, orders, and inventory, from the first mile to the last mile, saidThomas Deakins, Senior Vice President Global Partnerships and Alliances, project44. Together we can enable the movement of products globally, while delivering better resiliency, sustainability, and value to our customers.

Turvo and project44 together allow users to stay ahead of disruptions, control costs, and better serve their customers by navigating new remote working policies with greater ease and manage emerging direct-to-consumer business models with a more sustainable and transparent way of working.

Digitalizing the Supply Chain

As part of the partnership, Turvo has become one of the select few project44 certified partners offering easy, rapid integration with its platform, delivering superior real-time tracking and automation capabilities that empower customers to achieve end-to-end visibility across their supply chains.

Our partnership with Turvo is a great example of the importance of collaboration along the supply chain, said Deakins By bringing together a host of our trusted advisors and certified integrations in one place we can deliver superior real-time tracking and automation capabilities that empower users to achieve end-to-end visibility across their operations.

Collaboration is the foundation of Turvos architecture. With project44s industry-leading platform built into its workflow, Turvo is able to help freight brokers, 3PLs, and shippers find a place to easily plan, execute, settle, and automate all of their supply chain operations on one platform, with a cloud-based social network approach.

Check Out The NewEnterprisetalk Podcast.For more such updates follow us on Google NewsEnterprisetalk News.

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Turvo and project44 Collaborate to Transform The Supply Chain - EnterpriseTalk

With the push from the Indian government to augment the state of manufacturing in the country, logistics too has come into the spotlight. In order to keep up with the growing investments in manufacturing that will lead to more freight movement, logistics companies must incorporate any and all tech-led solutions into their offerings to match up. India is geographically vast, and covering that much ground requires a keen understanding of gaps and chokepoints in the freight movement process. There are certain key tech pieces that do and will play a role in bettering logistics offerings.

Of these, here are the 4 most impressive and relevant technologies that are helping logistics companies like FreightFox, Blue Yonder, Ariba, etc constantly evolve and stay on the cutting edge:

Cloud LogisticsThe future of logistics is remote-hosted data and process, with half of the logistics firms now embracing cloud-based services and another fifth soon to. Cloud services, which provide adaptability and immediate access to crucial analytics and operations software, are enabling the expansion of highly responsive on-demand business models, which are quickly taking over the logistics industry. While the setup for cloud systems might be a one-time effort, the payoff in terms of cost and turnaround time is manifold. For manufacturers, this means accessibility to their day-to-day freight movement, along with centralized data storage.

Smart DataIn a world where everything relies on data for consistency, accountability, and decision-making, dynamic data modules are a necessity. In the logistics space, data modules that give customers information in real time across various verticals in logistics. The reach of smart data extends to getting real-time rates for vehicles on the road, understanding any external factors that might affect procurement and freight movement, and so on. Such data can also provide management solutions using advanced analytics to address placement failures, track and trace freight movement, optimize procurement, and much more. Reliable data that is geared to understand and change in cohesion with changing aspects of the logistics industry is a differentiator that provides not just insights, but also solutions for problems that crop up on a day-to-day basis. Heightened manufacturing in the country will also require a close watch on demand and supply trends, which can be predicted and projected by data. Companies that provide this solution can bring in their expertise to factor in external pressures and their impact on demand and supply, and adjust strategies accordingly.

Transportation Management Systems (TMS)TMS are becoming more and more common, particularly among logistics companies. And with good reasonmany tech tools need to be managed and organised properly at a single hub. To manage carriers and enhance route automation, TMS is employed. It helps with real-time delivery driver tracking, freight cost reduction, more transparency, and general customer satisfaction scores. Having one platform that routes, stores, and manages all data related to a logistical operation is essential, especially since freight movement has become a quintessential part of the modern world, across industries.

AutomationIn 2020 and 2021, the pandemic increased the need for automation as companies across industries sought to reduce face-to-face interactions.

Automation in warehouses or distribution centres can range from physical automation to process automation. Typical warehouse automation techniques include digitising manual procedures, employing pick-to-light systems where workers scan barcodes and LED lights indicating the quantity of things to be picked up and their final destination. Depending on the size of their warehouses or distribution centres, as well as the volume and kinds of orders they routinely fill, businesses will continue to automate a number of their procedures to varied degrees. Besides warehouse automation, technology also offers the betterment of procurement automation, which can be extremely useful for manufacturers. Since freight movement relies on procurement to then collate data on the way forward, an automated piece here gives manufacturers the agency to understand and implement procurement strategies that can keep up with the dynamic levels of required freight movement across the country.

Indian logistics is on the cusp of becoming one of the most important segments of the economy. It must keep with the accelerated investments and growth in manufacturing, while also factoring in the vast expanses of the country that need to be covered. More ground to be covered requires better handling of freight, along with smarter, sharper, and faster data and automation. The future of Indian logistics will be ever-evolving, and it will be exciting to see the new cutting edge that technology brings to it.

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Top 4 tech-based solutions that are changing the face of logistics in India - CXOToday.com

EAST BRUNSWICK, N.J.

Axletree Solutions, a global provider of bank connectivity and financial integration solutions that power over $50 billion in daily transactions, has entered into a partnership with Orbit Treasury Solutions, a global provider of flexible treasury technology solutions designed by treasury professionals for treasury professionals.

Under the partnership terms, Axletree will offer Orbits TMS fully integrated with its rails-agnostic, enterprise-class bank connectivity service to its large customer base delivering an end-to-end treasury automation solution.

The combined TMS-with-Native-Bank-Connectivity solution will deliver intuitive UI/UX, easy integration, greater control, on-demand analytics, complete end-to-end transaction visibility, and significant cost savings to treasuries at mid-market companies and large corporations.

Mohan Murali, CEO of Axletree Solutions, said, Treasury management and bank connectivity have traditionally been a siloed or manual process. Even in an automated treasury environment, bank connectivity and treasury management solutions are usually held with disparate providers, leading to issues of support and consistency of operations.

The Orbit TMS targets mid-market companies looking to migrate from spreadsheets-based manual processes and large corporate customers keen on adopting a TMS built with a treasurers mindset. Orbit TMS serves clients ranging from Fortune 100 companies with $50B in annual revenue to mid-market companies with over $500 million in revenue.

Chris Matthews, Managing Director, Orbit Treasury Solutions, said, This partnership between Axletree and Orbit makes incredible sense in todays environment as it significantly changes the treasury technology landscape for companies of all sizes. Both solutions have a proven track record and complement each other in ways that immediately benefit our clients. We are excited to leverage these synergies and to provide a comprehensive treasury technology solution that is intuitive, cost-effective, and accessible.

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Axletree Solutions

Axletree Solutions delivers mission-critical services across the financial transaction ecosystem for financial and non-financial institutions. By solving the challenges banks and corporates face in optimizing financial connectivity and payment processes, Axletree helps clients remain agile in a rapidly evolving landscape, combining best practices with future-ready solutions. For more information, visit https://axletrees.com/.

Orbit Treasury Solutions

Orbit is a global provider of Treasury Management Systems architected, implemented, and supported by seasoned corporate treasury professionals with decades of real-world experience. A user-friendly interface, exceptional efficiencies, and an intuitive workflow mean corporations of all sizes now have access to world-class treasury automation at a surprisingly affordable price. For more information, visit https://orbit-tms.com/.

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Axletree Partners with Orbit to Offer a TMS with Native Bank Connectivity - Payments Dive

New Jersey, N.J., Aug 04, 2022 The Toll Management System (TMS) Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Toll Management System (TMS) market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Toll Management System (TMS) is implemented to collect revenue and recover capital expenditure incurred on construction, repair, maintenance, toll handling expenses by concessionaires, private organizations to reduce travel time and increase end-user service level. Significant population growth around the world is increasing the number of vehicles on the road. As the number of vehicles increases, so does traffic. This generates the need for an efficient fee management system.

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Competitive landscape:

This Toll Management System (TMS) research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.

Some of the Top companies Influencing this Market include:TollPlus, Telegra, Conduent Transportation, Donlen, Mike Albert Fleet Solutions, Aitek-Aitek SpA, KENT ITS, Raytheon, Green Tech ITS,

Market Scenario:

Firstly, this Toll Management System (TMS) research report introduces the market by providing an overview which includes definition, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Toll Management System (TMS) report.

Regional Coverage:

The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:

Segmentation Analysis of the market

The market is segmented on the basis of the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market

Market Segmentation: By Type

On-premise, Cloud Based,

Market Segmentation: By Application

Highway, Urban, Others,

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An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Toll Management System (TMS) market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.

This report aims to provide:

Table of Contents

Global Toll Management System (TMS) Market Research Report 2022 2029

Chapter 1 Toll Management System (TMS) Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Toll Management System (TMS) Market Forecast

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Toll Management System (TMS) Market is Expected to Record the Massive Growth, with Prominent Key Players TollPlus, Telegra, Conduent Transportation -...

New Jersey, United States Treasury Management System (TMS)Market analysis is to capture an in-depth examination of an increase in the customer journeys, which have a huge impact on market categories. It does the market classification based on region; product type and end-user to ease the market players jobs. Major industries are able to obtain key data about the whole market scenario, find out market prospects and get huge help for business operations. It further aims at providing customers deeds and their purchasing nature towards particular product or service. This sort of Treasury Management System (TMS) market report provides projected trends and presents industry size for major regions to help business players make the right business plan and obtain huge earnings. It contains measured and theoretical market variable predictions. It reveals the latest industry changes by classifying the market into different sections and sub-sections.

With the help of the latest industry trends, market share, and activities provided in this Treasury Management System (TMS) market analysis helps key organizations in business expansion hugely. It aids to discover the proper visions in the global market by providing insights into customer behavior, current trends, competitor analysis, and market entry strategies for novel players and strategies followed by key players. It works as the beneficial tool for the operations of several businesses. It fulfills the clients requirements and demands to increase the gains in the business.

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Key Players Mentioned in the Treasury Management System (TMS) Market Research Report:

Kyriba Corp., Nextage, Cash Management Solutions, Finastra, Oracle, SAP, BankSense.

Treasury Management System (TMS)Market Segmentation:

Treasury Management System (TMS) Market, By Type

Local Systems Cloud-Hosted Systems

Treasury Management System (TMS) Market, By Application

Government Large Enterprises SMEs Others

This Treasury Management System (TMS) market report assists a number of investors, shareholders as well as enterprises in understanding the tough areas of marketing ideas, technical development, key issues, and systematic analysis in order to accomplish long-term competitive gain in the industry. It goes on to talk about basic market facets along with market drivers, restraints, existing problems, forthcoming opportunities, and forecasts. This Treasury Management System (TMS) market survey depicts a few exact customer insights in order to build technology strategies to make investment useful. It makes use of both primary and secondary methods to offer wide-ranging industry data to help out you in making business choices and introducing new items to the market.

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For Prepare TOC Our Analyst deep Researched the Following Things:

Report Overview:It includes major players of the Treasury Management System (TMS) market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends:This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Treasury Management System (TMS) market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Treasury Management System (TMS) market are discussed.

Market Share by Manufacturers:Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type:This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application:Besides an overview of the Treasury Management System (TMS) market by application, it gives a study on the consumption in the Treasury Management System (TMS) market by application.

Production by Region:Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region:This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles:Almost all leading players of the Treasury Management System (TMS) market are profiled in this section. The analysts have provided information about their recent developments in the Treasury Management System (TMS) market, products, revenue, production, business, and company.

Market Forecast by Production:The production and production value forecasts included in this section are for the Treasury Management System (TMS) market as well as for key regional markets.

Market Forecast by Consumption:The consumption and consumption value forecasts included in this section are for the Treasury Management System (TMS) market as well as for key regional markets.

Value Chain and Sales Analysis:It deeply analyzes customers, distributors, sales channels, and value chain of the Treasury Management System (TMS) market.

Key Findings:This section gives a quick look at the important findings of the research study.

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Treasury Management System (TMS) Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2029 Shanghaiist - Shanghaiist

TEMPLE TERRACE, Fla.After serving our country, countless veterans come home with PTSD or other mental health issues from intense combat overseas. So the VA is now building a new Mental Health Clinic, focused 100% on addressing the mental well-being of our veterans, that's so desperately needed.

"Veterans, who are eligible for care because of their service connection, income, etc.? There is no cost to them at all," explained Clinical Psychologist Dr. Glenn Smith, who oversees all of the VA's mental health programs off-campus.

Smith has been instrumental in creating an extensive program that will be implemented in the New Mental Health Center at 8501 Temple Terrace Highway in Tampa, now under construction.

"One of the programs that will be embedded is specifically the PTSD clinical team that is focused specifically on PTSD itself," Smith said.

The new building will offer a full range of mental health programs, not only for PTSD but also for substance abuse, insomnia, anxiety, and depression, utilizing Evidence-based Psychotherapy protocols or EBPs.

"This is a whole series of psychotherapy interventions that are, as the name suggests, based upon evidence research. And the more that our research base improves, the more therapies we've been able to offer," he explained.

Other specialized programs will include geriatric psychiatry, a women's center, and a suicide prevention team.

"Every veteran is being screened for suicide. And those who are screened and are positive are seen both in primary care by the psychologist and potentially, depending on the need and the nature, may also be flagged in terms of this is somebody we may need to pay particular attention to, and then are followed on a very comprehensive sort of way by our suicide prevention team," Smith added.

For those veterans who struggle with depression and found no relief with medication, a new non-invasive form of brain stimulation will be offered.

''Something called TMS, which stands for Transcranial Magnetic Stimulation. And this is a treatment for resistant depression. But it requires an infrastructure and equipment in order to provide it to the veteran. Well, we're going to build that directly into this new building,'' Smith said.

The new clinic will also have trained employees go out in the field to check on veterans under its new Mental Health Intensive Case Management Program.

''The clinicians actually will go out to the homes of some veterans, who are involved, to try to make sure that they're doing well. And obviously, they suffer from some pretty significant symptoms and so on. And hopefully, with the intervention, and with some change, we can potentially bring them in for the outpatient therapy,'' he added.

With so many veterans also suffering from homelessness and other issues, there will be an in-house facility with 30 beds to offer a residential substance abuse program for veterans to detox and get comprehensive treatment.

"We're going to add a second residential program wing for substance abuse because one of the reasons that we've done this is we found that there's a real co-occurrence between homelessness and substance abuse," Smith explained.

Primary Care Mental Health Integration will allow veterans to get immediate psychotherapy, if needed, during a visit with their primary care doctor.

"We have psychologists embedded in primary care so that the veteran seeing the provider, the doctor for a medical condition and says, 'You know, I've really been having some problems with my mood,' say, 'You know what? I have a psychologist here, and we'll bring him right into the room.' And be able to speak with them," he said.

Smith also said there would be areas for veterans to exercise and practice mindfulness with a healing garden, passive meditation walkway, and basketball courts.

All the mental health programs that now exist at the James A. Haley Veterans Hospital will be transferred to the new Mental Health Clinic when it opens, which is expected to be in early 2024.

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New VA Mental Health Clinic to open in early 2024 - ABC Action News Tampa Bay

A third of Americans believe it is harder to find a mental health care than it is to find a physical health care.

Discovery President & CEO John Peloquin states, "We are pleased to welcome the team at Anew into the Discovery family. This addition builds on our strategic mission to create a fully integrative care model, with multiple treatment models, both conventional and innovative, available through one access point. A 2022 Harris Poll report revealed that a third of Americans believe it is harder to find a mental health care provider than it is to find a physical health care provider[i]. We are removing those barriers by expanding outpatient and telehealth services in psychiatry and addiction medicine which includes TMS treatment. When people can access a wide range of behavioral health services based on their needs and preferences, they have a greater chance to live happier, more rewarding lives, and that's why we're here."

About Discovery Behavioral Health

Everyone deserves a happy, rewarding life. That's why Discovery Behavioral Health has made evidence-based, outcome driven healthcare accessible and affordable since inception. With a full continuum of care detoxification, medical residences, residential treatment centers, partial hospitalization, intensive outpatient, outpatient, psychiatric and addiction medicine, TMS, virtual and telehealth services, we can offer the right care at the right time for adults or teens struggling with mental health, substance use or eating disorders. We are a contracted provider with 100 payers and other managed care organizations. Our portfolio of more than 145 treatment centers includes service lines in successful operation since 1985. When treatment is complete, our patients become part of Discovery's growing family of alumni, connected through free aftercare programs, support groups, activities, and a caring community. Because when quality behavioral healthcare is within reach, so is happiness.

Press Contact:Greg PtacekCommunicationsDiscovery Behavioral Health, Inc.[emailprotected]323-841-8002 mobile

SOURCE Discovery Behavioral Health

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DISCOVERY BEHAVIORAL HEALTH ACQUIRES ANEW ERA TMS & PSYCHIATRY WITH 12 LOCATIONS IN CALIFORNIA AND TEXAS - PR Newswire

The world is changing: despite the pandemic, the cost of living crisis, the horrors in Ukraine, and the rising spectre of inflation, the business outlook for many companies remains extremely positive. Many are expanding and whatever short-term difficulties there might be, in the longer term, many are expected to grow and thrive. But this has created several problems across the global economy, for while companies grow, their treasury systems are often very out of date.

While spreadsheets had their day, they are not sufficient to cope with a huge multi-national corporates (or even a smaller one) treasury needs. Other companies are plagued with too-small treasury teams or an ever-complex setup which means several companies require bespoke treasury management systems (TMS).

But even for the most well-established treasury teams, let alone those of start-ups and new entrants, it can be difficult to know where to start. Company needs vary enormously and there is no size fits all approach. So, what are the challenges, how did they arise, and what should a corporate do when their business is growing, and previous systems are no longer adequate for the job?

In 2017, Caldic, which provides inspiring solutions in life sciences and speciality chemicals, focussing on life sciences (food, pharmaceuticals, and consumer care) and industrial formulation markets, was bought by a private equity company. This transformed the business into a more centralised organisation, dramatically changing its treasury needs in the process. Previously, local management teams had been encouraged to take responsibility for their own profit and loss as well as funding and liquidity management. Something had to change.

Increased debt levels required Caldic to consider setting up a central treasury function. That same year, Bas Baaten was appointed as Caldics new treasury manager the first in the companys history. His job was to ensure Caldic remained within the adequate liquidity spot and central debt servicing. After setting up a global cash pooling structure and an excel based short-term cash flow forecasting process, Caldic was ready for the next stage of its treasury development: standardisation and automation.

Caldic needed a treasury management system that mirrored its move from essentially a family-run company to a private equity-funded level of entrepreneurship. Economic growth, fuelled by an expansion into developing markets, also spurred the need for change, specifically for a more in-depth and detailed cash overview, cash pooling, cash positioning and cash flow forecasting.

The first need to be recognised was the need to move from local management to a more harmonised way of working. The company was expanding and needed to update its processes by implementing a system that would run the day-to-day operations. But there were challenges.

In particular, the shift of taking the autonomy of the local management to arrange domestic credit lines and funding to group treasury was a hurdle which needed to be overcome. Although supported by cash pooling, dozens of IC loans and ample administration of those movements occurred, including the accrued interest calculations. Everyone wanted to know where the cash was, and when transactions would be settled. Following that, Caldic had to consider which software provider was the right fit for its business.

Flexibility was the key: given Caldic was in full growth mode, any software needed to ensure it could grow and adapt with the company. At the time of making its software decision, Caldic was making acquisitions of small companies, while merging with a similar-sized peer based in Latin America. The merger of two different entities, combined with the ongoing acquisition programme required the company to gain a firmer grip and control of processes to stay on top of its cash positions and visibility.

It was becoming increasingly complex with every acquisition, and full visibility was needed, along with the ability to have daily reporting and monthly profit and loss statements. In the wider economy, cash was also becoming more expensive. At the same time, any new treasury software provider would also need to cope with existing processes and procedures that could not be changed overnight.

The specific needs for applications centred on visible cash management with real time reposting and interfacing with bank portals. There was a requirement to centralise FX hedging, including central execution and deal capturing, which included an automated settlement process. Forecasting played an important role too, including data aggregation and data analysis over different time periods (weekly, monthly, and annually), comparing it to the allotted budgets. Another important function was monitoring positions and risk exposures, both on the FX and intercompany (IC) loan administration front. Caldic also required there to be an audit function, third-party account for future changes to payment processing on the FX side.

After reviewing several potential providers, Caldic opted to partner with Salmon Software. A boutique treasury management system (TMS) provider, Salmon offered to provide Caldic with the individual attention required during a treasury overhaul. Unlike much of the competition, the company was able to offer a TMS that fit with Caldics needs, as opposed to the other way around.

Many systems offer a prescribed way of working, a variation of Henry Fords dictum about the cars he would sell: Any colour as long as its black. To avoid that, Caldics short list would be restricted to TMS systems that Baaten worked with before in his career; as a result, the company chose to team up with Dutch based treasury consultant, Orchard Finance. After discussing Caldics functional and technical requirements, a TMS vendor selection process was executed. Several TMS vendors were identified as possibilities, but in the end, it was Salmon Software that won through.

The reasonable price and quality of the option of course played a role, but perhaps the most important element was the flexibility in both the software and with regards to flexible implementation approach. During weekly progress calls between Caldic, Orchard Finance and Salmon, implementation progress was monitored, and workload adjusted to Baatens availability. Flexible interfacing was based off Microsofts cloud hosting service, Azure, allowing Caldic to operate in a separate environment, while also providing the ability to aggregate various sources to maximise efforts.

Scalability, when new acquisitions are made, is also part of the system. Both incoming and outgoing sources can work with any file format required. Interfaces can be automated meaning no user intervention, while it also provided better cash visibility, making it easier to have in-depth insights on cash positions.

Perhaps the biggest benefit of the new TMS was it freed Baaten from the minutia of the day-to-day running of the function which gave him more time to concentrate on strategic decisions. It also allowed the treasury function to move from a reactive to a more pro-active approach.

The system also created a central connectivity point, important for a company rapidly expanding. Local finance directors were able to input data from their business and geographical area, which could then be used in a logical manner in the TMS. Specific tools across the board also supplied not just connectivity but conversion to make data standardised across the board. Furthermore, the TMS also made it possible to take data from other systems.

A core reason for choosing Salmon was its user interface Caldic needed a system existing subsidiaries could switch to without impacting their working practices. Salmons software did just that and allowed new subsidiaries bought on through acquisition to also latch on without problems.

Another benefit was improved cash visibility. When Baaten or anyone else walked into an office and turns on a computer, whatever he wanted to see would be there on the screen. Previously this had entailed a lot of work; now the system automatically runs the upload upon which the position is readily available the next morning. There is now one system with a single source, which has created dashboards that provide a complete view.

Since adopting Salmons platform, Caldic has seen its processes harmonised, centralised, standardised, and benefited from its scalability as it has continued to grow and acquire other companies. From the automation of cash flow reporting between the ERP and Salmon Treasurer, to improved visibility of the daily FX process workflow, Caldics treasury function has been enhanced.

The adoption of Salmons software has had an impact on Caldics bottom line. Treasury, who were previously bogged down with tediously manual tasks, can now take a greater role in the strategic decision-making so crucial to todays treasury function. And this is only the beginning: Caldic plans to expand its treasury function further as it does, new products will be needed.

TMS systems are crucial for todays treasurers, but companies should take their time choosing the provider who is right for them. A provider should be there for implementation and be able to adapt its offering to each clients specific needs, with an awareness software will need to evolve alongside economic conditions.

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How Caldic transformed its treasury function with a new TMS - Bobsguide

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