Likelihood to Recommend In my organization, we have replaced all paperwork with this software, for the case of payroll, treasury, or on-demand payment. And from the backend, we have requested to enhance the feature like deductions and reimbursements. So in this way, it comes as a single tool to automate the whole payroll process. Which can be accessed, stored, update, and monitored from anywhere. So the whole organization and communications seem just to be a click away. Since we have switched to the cloud pay for payroll management, a lot of finance things are still there which need to be integrated with this system to make everything intact and altogether but cloud pay, as of now, do not have room to accommodate, and that's an issue to us, as a manager. So it's a request and suggestion as well to consider other finance-related things and try to fit in the same application, I know it's a big ask, but can be tried.
Read full review It is well-suited for providing information about what cash is available and its future outlook of it. It helped us to link the multiple bank accounts that we have globally into one consolidated location. We were then able to ensure that we had the cash required to meet the various business needs that we have.
Read full review Pros Global Payroll Basic Earned Wage Access Global Treasury Service Payroll Efficiency Index Read full review Reporting automates bank balance view(s) by sending daily email recipients. [It] includes the GL account coding on the funding templates to automate the posting of JEs for that transaction. [It] synergizes bank transactions via a single portal rather than multiple logins for multiple bank platforms. Read full review Cons Fees Tech support Size restraints Read full review [In my opinion, the] reporting functions are not user-friendly and [are] very confusing. [I also believe that the] financial accounting module is also not user-friendly. Operator security - [In my opinion,] the admin is confusing to set up new groups. Some languages in there were either no longer valid or changed. [Also, I believe that you] cannot disable users unless you move them to disable group. [I feel like it's] a bit weird. Customer service support - [I feel it has] gotten better but [I, personally,] hope to see more improvement and timely responses. [I believe] the location of certain functions is confusing as well. [In my experience,] I usually have to go to [the] search bar to search for what I am looking for. FBAR - [I feel this is] also a bit confusing and hard to find. [In my case,] I had to ask where it is located, and [it was] definitely not where I would have expected it to [be]. I would assume it would be under reporting, but it was under [the] library and then maintenance or something. Read full review Likelihood to Renew [I feel] it's too hard to use and navigate around [and] very difficult to manage/administer. We may keep it because [I feel] we [have] already gone through the pain point and don't want to risk going through that again. Unfortunately, if we keep it, [I believe] it's not because we love it.
Read full review Usability Good overall usability for what we have needed. We have not delved into any recent upgrades in modules, so there could be better functionality within the system today that we are not currently leveraging. We plan on doing a refresh in 2022 to see where we might be able to take advantage of the recent offerings within the modules we use today.
Read full review Support Rating Day-to-day support is very quick and responsive. However, if you need to go the second level it might take longer and you lose the visibility.
Read full review Implementation Rating Weekly meetings and updates a plus Set realistic timeline expectations Have a good project manager Make sure everyone is following the same time line and dependencies list Keep track of a future state or out of scope list You may need to change the scope and do a project request form change, that's OK if you determine a key function has been missed Don't be afraid to extend the timeline to make sure through testing has been done prior to going live Document set up decisions, how reports and worksheets work, and why certain user codes are or are not in the positioning reports.
Kris Conway Senior Manager II - Corporate Treasury, Assistant Treasurer
Read full review Alternatives Considered It allows the feature of flexible payment methods to complete of the payment of termination and the payment to be process on time which is recognized worldwide. The card payment process time is 3 days faster than the normal bank payment process, and you can stop easily. It integrates your payment procedures with a global cash flow solution that ensures the timely payments to regulate authorities like your employees, local authorities or to the third parties.
Read full review Simple and far more user-friendly than most other TMS applications I have used in the past. Very strong core TMS foundation and functionality. Addressing some of the known issues and shortfalls would go a long way in taking a much bigger market share from some of the other main players in the TMS space. GTreasury was also very competitive on price and cost-effective.
Read full review Return on Investment The positive impact is, a lot of manual work is automated now, which is saving a lot of time and man-hours. Requests and demands can be accessed, monitored, and raised anytime from anywhere. So a lot of dependencies have been resolved. Human resources and all finance is been integrated which is resulting in less work at the desk. Read full review Very positive ROI allowing us to take our daily cash target down to 1% of total admitted Assts. Prior to GTreasury we were running close to 20%. Reduced bank service cost initially by $300,000+ and annually a minimum of $50,000. Allowed us to maintain and streamline Treasury Staff FTE level, with the ability to train other areas for self service payment research, so the Treasury Analyst can focus on value added analysis tasks. Kris Conway Senior Manager II - Corporate Treasury, Assistant Treasurer
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