Supply Chain Finance via TMS-Module

We first published this article a year ago. In response to interest from corporates, we have decided to present it to you once again.

Around the year 2000, a TMS was able to transact FX, interest rate transactions, outgoing single manual treasury payments such as Swift MT101, Banks reported back the daily account balance with Swift MT940 for a financial status and liquidity planning. Further transaction in a TMS where bank loans, netting, guarantees.

10 years later in 2010 some TMS in Germany where able to connect via the newly EBICS and SWIFT gateways to the partner banks. Thus, it was possible to transport the ERP account payable file via the TMS to some of the banks. Today is it usual at least in central Europe to transport all mass payments such as account payables and payrolls to the banks via SWIFT and EBICS gateways.

Will Vendor Finance themes be a module of a TMS In the near future? Or also fraud detection?

I do believe so. Over the last year, I’ve been researching various vendor finance tools and have come to the conclusion that the one I analyzed a year ago still looks excellent.

Each local unit of the company has the ability to negotiate with its local suppliers and banks in this vendor finance system. After the pre-negotiation with the vendors and banks, the basic data is set up by the corporate treasury, then the local vendors and banks can use their data within their contract area and in a way that allows the vendor to choose his own payment date.

Would it make sense to integrate such a system into a TMS? Can this be the future?

Are you interested in finding out more about the Vendis tool? Ask for information via martin.schneider@tomato.ch or +41 44 814 2001, see all screens here.