Fragmented cash flow management and manual workflows can become a nightmare when you’re trying to control media and inventory spend across multiple cost centres.
Human error and slow processing times make things even more complicated and can lead to mistakes and late payments as you scale.
A Treasury Management System (TMS) presents a solution to this — it's a way for you to centralise cash management, automate busy work, and improve the visibility of your finances.
In this article, we take a closer look at TMS, exploring how you can reduce errors, automate global payments, and free up your time to focus on more strategic tasks.
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Treasury Management Systems (TMS) are software solutions designed to help organise and optimise financial operations. A TMS centralises the management of cash flow while using automation to speed up processing times and produce real-time spending data. A TMS ensures seamless coordination of complex expenses such as media spend while avoiding late payments and human error. This helps finance leaders increase control of your finances and manage risk.
TMS also come with automation features to reduce manual effort and free up time to focus on strategic tasks. They can integrate with your existing financial systems such as ERP or bookkeeping platforms to provide a unified overview and seamless reporting.
Read on to discover which tasks a TMS can help you with as a digital commerce business.
A TMS consolidates all of your financial activities into a single platform. This platform provides a centralised view of your company's overall financial health and can often be accessed by a mobile app so you can manage your finances from anywhere.
A TMS can support global operations by simplifying the process of managing multiple currencies. You can set up business accounts and cards for any kind of corporate spend across different countries and manage all transactions in a centralised system. You can also easily keep track of all international payments and receipts in one place while taking advantage of excellent exchange rates.
Manual accounts payable processes such as receipt matching and entering data in spreadsheets are prone to errors and take up significant time. A TMS has automated tools to help you manage this. It also streamlines data entry, payment processing and reconciliation to reduce human error.
TMS can integrate with ERP software, bookkeeping platforms and your wider ecommerce tech stack. This simplifies your treasury processes, supports collaboration and improves accuracy.
TMS helps to optimise your cash flow by providing real-time insights into cash positions. Using advanced data analytics and up-to-date reporting you can proactively manage liquidity while working more collaboratively with departments such as procurement to maximise available capital.
In this section, we explore how a TMS also benefits your business.
A TMS provides real-time visibility into your treasury operations and transactions. This lets you monitor cash flow and financial performance continuously and pull reports at any time.
This heightened cash visibility means you can be more proactive in your decision-making and respond more quickly to changes. It also makes cash flow forecasting and financial planning easier as live data can be accessed whenever you need it.
With the ability to set up business cards for spend in any country, TMS optimises local and global payments. Multicurrency accounts mean cross-border transactions are far less complex and more affordable.
A TMS can automate significant parts of the accounts payable process. This is especially helpful with complex spend such as advertising, where manually matching receipts can be especially time-consuming.
You can also use automation to schedule upcoming payments, accelerating the invoice management cycle and ensuring payments are always timely. Plus, by automating the process of receipt matching, you can flag issues more quickly.
Automation reduces the chance of human error in financial processes and enhances your overall risk management capability. TMS also features automatic fraud detection and compliance monitoring.
A treasury system enables standardised processes that remain effective as your business scales. You won’t have to increase your headcount to cover strategic work like identifying overspending, maximising cost savings, and improving working capital because your team will have more time.
A TMS improves your cash-flow management with real-time visibility, rapid payments, and streamlined processes. Having everything in a unified solution that integrates with existing software also means better collaboration with other business functions such as accounts receivable and your CFO.
When choosing treasury management software, it’s crucial to opt for a solution that meets the unique needs of your industry. Built for digital commerce needs, Juni features:
Automated invoice processing. Juni automates the entire invoice processing cycle, from receipt right through to payment. It also features built-in fraud detection and compliance systems.
Real-time expense tracking. Identify overspending and manage finances more easily. You can also use enhanced controls to set custom limits and handle employee expenses.
Seamless integration with financial systems. Boasting over 2500 integrations with popular platforms like Fortnox, it eliminates duplicate work and manual data entry.
Comprehensive financial reporting and analytics. Real-time data analytics and advanced reporting offer unparalleled insights into financial performance. Produce detailed reports on expenses and other KPIs in minutes.
Customisable approval workflows. Customisable workflows mean you can integrate with existing processes instead of rewriting them. Every invoice is automatically routed to the correct approver, with custom notifications to enhance accountability and ensure on-time payments.
Multicurrency management. Juni supports multi-currency accounts and cards so it’s ideal if you're operating internationally.
Juni enables seamless spending through a single unified dashboard. Say goodbye to admin with automation for invoice processing and making payments while leveraging real-time data for cash flow visibility.
A treasury management system (TMS) centralises financial management and automates financial tasks. It also integrates with your existing financial systems to streamline treasury processes like cash flow oversight, financial transactions, and debt management. With real-time visibility and control, a TMS helps you to optimise your treasury operations.
Automating the accounts payable process involves using the TMS of your choice to receive and verify invoices, code them, route them for approval, and pay the vendors. By automating these repetitive tasks, a TMS can reduce human error and ensure payments are made on time.
Key features of a good TMS include the ability to centralise financial management, support transactions in multiple currencies, and automate repetitive tasks. You should also look for a solution with advanced analytics and reporting features to make informed decisions based on live data.
A TMS offers features specifically designed to support digital commerce businesses. These include real-time expense tracking, automated invoice processing, and automatic receipt matching.
A TMS provides real-time visibility into your cash positions. It also automates your payment processing, ensuring late payment fees and duplicate payments are eliminated from operations. This enables better liquidity management and empowers you to make more informed financial decisions.
Juni is not a bank – yet. We’re a financial technology company providing e-money services and as such are not part of a deposit guarantee scheme. Learn more about our license and how we keep your business and money safe.
Juni Technology AB (company number 559248-0908) is licensed and registered as an electronic money institution with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (license no: 64025). Payment Card Solutions (UK) Limited (company number 05941947) and UAB B4B Payments Europe (company number 305539054) are regulated by the Financial Conduct Authority (ref: 930619) and the Bank of Lithuania (licence no: 76), respectively. The Juni Mastercard Corporate Card is issued by Payment Card Solutions (UK) Limited and UAB B4B Payments Europe pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Juni Technology AB. Masthamnsgatan 21, 413 28 Göteborg, Sweden. © 2025 Juni. All Rights Reserved.
