"TWS Express is preconfigured for fast deployment to enable companies to be up and running quickly," said John Alarcon, general manager of XRT North America. "The solution enables companies to manage cash and treasury operations more efficiently, increase security, minimize risks of errors or fraud, and reduce costs related to SOX compliance."
TWS Express follows the natural workflow of managing corporate cash and other daily treasury functions, making the system intuitive and fast to learn. Companies that adopt the system can achieve rapid returns on their investment, Alarcon said.
TWS Express automatically and securely polls bank data, performs reconciliations and generates accounting entries, saving clients significant time. Treasurers gain better visibility into financial flows, which will free up idle cash. The system is more secure than spreadsheets and embeds numerous system controls critical to SOX compliance, such as comprehensive access controls, data integrity, and audit trails.
TWS Express can be deployed in less than a month while fully integrating with a company's enterprise resource planning systems. Once installed, the solution requires relatively little to no support from internal technology personnel.