Cobase Wins TMI Award for Best TMS Implementation 2022
Tue, Mar 7, 2023
We are thrilled to announce that Cobase has won the prestigious TMI Award for Best TMS Implementation 2022 - Highly Commended for the implementation of Temenos. This award recognizes our commitment to delivering innovative treasury solutions and our dedication to providing the best-in-class services to our clients.
Our client case study showcased how we were able to devise a better system for the management of Temenos' global bank relationships, cash, and FX, resulting in the slashing of manual processes and reliance on spreadsheets, saving the treasury team vital hours in the day.
Temenos, a banking software giant that offers banking software solutions to financial institutions across the industry from Tier 1 banks to the smallest institutions worldwide, tasked Cobase with devising a better system for the management of its global bank relationships, cash, and FX.
Supporting this global operation is a centralised treasury team of five people. Every payment that leaves the company goes through their hands, which also manages all funding repatriations. The Temenos treasury also manages several cash pools across the US, Europe and Australia.
The challenge that Temenos faced was that, as a billion-dollar company, its treasury team needed to be incredibly efficient to manage the level of work that flows through the department. This was put under intense pressure back in 2015 when RBS retracted from the global banking market.
We were able to provide a Treasury Management solution that unlocked considerable time savings for Temenos' treasury team, allowing them to approve all payments, do FX trading, and have a near real-time view of their bank balances by logging on to one platform.
We are grateful for the opportunity to work with such an innovative and forward-looking firm as Temenos, and we look forward to continuing to provide them with the best-in-class treasury solutions.
At Cobase, we strive to provide the best-in-class treasury solutions and the best services to our clients. We would like to thank TMI for recognizing our commitment to delivering innovative treasury solutions and for awarding us this prestigious honor. We couldn't have done it without the hard work and dedication of our team and our clients.
We believe that our commitment to delivering innovative treasury solutions and our dedication to providing the best-in-class services to our clients set us apart. We are thrilled to have won the TMI Award for Best TMS Implementation 2022 - Highly Commended for the implementation of Temenos, and we look forward to continuing to provide innovative solutions to our clients.