We begin with the end in mind and start our effort by understanding what your business needs to achieve. We will discuss expected outcomes – for example, a sound liquidity plan, a user-friendly executive dashboard supported via mobile app, or bank rationalization through an in-house bank. All of your requirements should be catalogued for easy reference throughout the program.

We will work with you to identify key design decisions (“KDDs”). Key design decisions could range from which modules to implement to decisions about whether to address particular gaps through customization to the treasury system. From our past project experience we will help you understand common KDDs which might be relevant to you, plus unique decisions that your organization must address.

Let us help you prioritize and plan a project within your budget and calendar constraints. We will craft an implementation roadmap which considers key deliverables, dependencies, and a realistic sequence and scheduling of tasks. This roadmap provides a baseline and will help project leadership ensure that the project remains on-track and on-budget, as well as allowing the team to make informed decisions before the official kickoff begins.

Our experienced consultants will work alongside you to map out a future-state technology architecture diagram. This process will include identifying necessary modules, relevant third-party services, and critical integration points/interfaces, including connections to non-core ERP systems and cloud solutions within the integration suite.

Addressing potential issues early on is a smart idea, and our ten-week advisory package includes the development of a Risks, Assumptions, Issues, and Dependencies (RAID) log to help your company clearly consider and document key factors in your treasury implementation. In addition to assisting with recording key expectations and decisions, our advisors will work alongside you to identify potential challenges early on and develop risk-mitigation activities that are appropriate for your organization, culture, and technical infrastructure.

Our team will help you identify a preliminary list of custom objects (reports, interfaces, conversions, enhancements, forms, and workflows) which will be needed to address gaps in the standard technology package. This “RICEFW inventory” list can inform the number and type of development resources to be staffed on the project, plus the overall level of effort.

How will you measure the success of your transformation initiative? Treasury Accelerators will work with you to develop Key Performance Indicators (KPIs) — useful benchmarks which can be monitored throughout the program. We will bring representative benchmarks from other successful programs.