Web-delivered treasury systems provide tremendous value and efficiencies for mid-tier treasury groups, yet the majority of companies do not benefit from the vendor-hosted opportunity.

Boston, MA, March 19, 2009 – A new report from Aite Group, LLC examines the opportunities Web-delivered treasury solutions offer to mid-tier treasury groups. The report identifies the most common concerns voiced by market participants surrounding outsourced treasury technology, and recommends that mid-tier treasury groups of all shapes and sizes take a new look at Web-delivered treasury technology.

Mid-tier corporate treasury groups (those with annual revenues between US$1 billion and US$10 billion) are tasked with performing an increasing number of responsibilities with increasingly limited resources. Using multiple systems and manual tools is the norm for these groups, with corporations using technology for assistance only as permitted by budgetary, time and resource constraints. Because of this, more than one-third of mid-tier treasury groups still do not employ a treasury system, and Aite Group estimates that more than 50% of mid-tier treasury groups would benefit by adopting a Web-delivered solution.

"Mid-tier treasury groups' hesitation to adopt an outsourced treasury solution is driven by perception about the costs and controls associated with vendor-hosted treasury solutions," says Judson Murchie, analyst with Aite Group and author of this report. "Contrary to these perceptions, today's systems are both affordable and highly secure, while also offering significantly more robust functionality than their predecessors. As mid-tier treasury groups increasingly resemble those of much larger organizations, today's outsourced solutions not only satisfy current needs, but provide a platform that can evolve with mid-tier treasury groups for years to come."

This 29-page Impact Report contains six figures and three tables. Clients of Aite Group's Wholesale Banking service can download the report by clicking on the icon to the right.

Related Aite Group Research:

• The Changing Face of Bank Treasury Services
• U.S. Large Corporate Treasury Services: An Industry Positioned for Growth
• Bank-Offered Treasury Workstations: The Time Is Now

To purchase this report or
for additional information,
please contact:
Aite Group Sales
Tel: +1.617.338.6050
sales@aitegroup.com