The poll asked the question, âWhich 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)?â 95% of respondents were in favor of services instead of software installations.
âOne might think that only smaller companies would select an outside service for such a critical area,â said Orazio Pater, GTreasuryâs Chief Operating Officer. âBut our results show a whole range of companiesâbig and smallâhave that preference.â
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.