TMS and ERP Best Practices for Treasury

In this engaging episode of the Actualizing Success podcast, Actualize Consulting's COO Kerry Wekelo and Senior Manager Kyle Olovson, CTP, explore best practices for transitioning or upgrading Enterprise Resource Planning (ERP) systems. They emphasize the crucial role of the treasury group in these processes, highlighting the integration between Treasury Management Systems (TMS) and ERPs. This episode will help you gain insights into the complexities of these integrations, including critical data flows, enhanced forecasting capabilities, and strategies to combat fraud through efficient payment processes. Kyle also introduces the concept of a "payment factory" and discusses how it can streamline operations and maximize cost efficiency.

Listen to learn more about:

• The importance of early involvement of the treasury group in ERP transitions
• Key data integrations between TMS and ERP for improved forecasting and liquidity planning
• Enhancements in cash flow management and risk mitigation through system integrations
• The role of automation in streamlining treasury operations
• Strategies for achieving effective compliance and reporting through data management

Tune in to discover how integrating TMS and ERP can lead to significant operational improvements and strategic advantages for your organization.

About Kerry Wekelo

• Kerry is Chief Operating Officer at Actualize Consulting. Her book and program, Culture Infusion: 9 Principles for Creating and Maintaining a Thriving Organizational Culture and latest book Gratitude Infusion, are the impetus behind Actualize Consulting being named Top Company Culture by Entrepreneur Magazine, a Top Workplace by The Washington Post, and Great Place to Work-Certified. In her leadership, Kerry blends her experiences as a consultant, executive coach, award-winning author, mindfulness expert, and entrepreneur. Kerry has been featured on ABC, NBC, NPR, The New York Times, Thrive Global, SHRM, Inc., and Forbes.
• Email: [email protected]

About Kyle Olovson

• Kyle is a Senior Manager at Actualize Consulting, specializing in liquidity management, payment execution, netting, forecasting, cash positioning, FX operations, system integration, Treasury Management Systems, and SWIFT. He has led over 15 Treasury transformation projects and participated in more than 25 throughout his 8-year tenure with Actualize. With over 15 years of experience in Treasury, including 7 years as a practitioner with Fortune 500 companies, he has focused on process improvement and control enhancement through efficient workflows and automation. Kyle's focus on developing individuals, systems, and processes that enhance team efficiency sets him apart in his expertise for Treasury transformation initiatives.
• Email: [email protected]

Thanks for listening to this episode of the Actualizing Success Podcast! We hope you enjoyed the discussion and come back for more. In the meantime, don’t forget to rate this episode and leave a review!

Website: www.actualizeconsulting.com

If you have any questions or comments, we’d love to hear from you. You can contact us at [email protected].