The Association for Financial Professionals (AFP) and GTreasury, the leading provider of treasury management software and services, released the results of a recent AFP poll focused on treasury workstation solution preferences. The GTreasury-sponsored poll found that both large and small companies prefer services over software when it comes to treasury workstation solutions.
The poll asked the question, “Which is preferable for a treasury workstation solution: a software installation at your site or an ASP/SaaS (Application Service Provider of Software as a Service)?” 95% of respondents were in favor of services instead of software installations.
“One might think that only smaller companies would select an outside service for such a critical area,” said Orazio Pater, GTreasury’s Chief Operating Officer. “But our results show a whole range of companies—big and small—have that preference.”
Following is a summary of the current distribution of GTreasury ASP clients by size of company revenues:
-Revenue less than $1 billion - 48%
-Revenue between $1 billion and $5 billion - 28%
-Revenue greater than $5 billion - 24%
-Revenue ranged from $18 million to over $40 billion for the ASP clients.
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