On November 30, 2023, Patrick Bert, Sales and Marketing Director of NEOFI, spoke at ATEL Tech Day, the annual meeting of Luxembourg treasurers, about data flexibility and control:
"It's perfectly normal for the best-known treasury software to compete daily to expand its functional range and add that little bit of industry expertise that will differentiate it from its competitors. Certainly, the most demanding of our treasurers and consulting firms are keenly interested in these cutting-edge features when choosing their champion, but we must put things into perspective: what good is being the best expert in your field if you forget the most basic reality, summarized in two questions:"
· In 2023, is it normal for the company to have to modify its treasury organization to adapt to the requirements imposed by the desired TMS?
· Can this TMS intelligently manage and utilize all the data sent to it, regardless of format, protocol, file name, or even the grain of sand that might suddenly jam up otherwise well-oiled processes?
Thus, if you decide to deploy one of these colossi with feet of clay, you will suffer during your project not only when we talk about the interface, but especially during the painful organizational change that the poor flexibility of your new software will impose on you.
Furthermore, to alleviate your suffering, you'll likely resort to a workaround, a small piece of additional software, or a specific script that will guarantee the perfect balance of this new structure. Imagine the stress, then, of knowing that your keystone is merely a cobbled-together component that will need to be retested with every change, every update!
At NEOFI, it is our software that adapts to your needs, to your organization, that fills the gaps in your business applications, that manages exchanges with the different applications and alerts you as soon as something is not working properly.
At NEOFI, the TMS is not an ivory tower, it is a control tower that manages not only your cash but also all the events that prevent you from doing your job calmly.''
Patrick BERT, November 30, 2023 in Luxembourg.
