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TREASURY ACTION SYSTEM VS TREASURY MANAGEMENT SYSTEM
Bond vs Legacy TMS
The Cost of Waiting.
Every day a legacy system reports instead of acts, the numbers speak for themselves.
“$47M has sat in your GBP operating account for 23 days earning 0.1%.”
Your TMS shows it in a cash position report. Your treasurer sees it in the Monday morning review. They raise it in a meeting. Treasury policy says anything over $10M idle for 5+ days should be swept. Someone raises a ticket. Someone executes a manual transfer to a money market fund. It's now day 31.
On day one, Bond identifies the idle position against your cash flow forecast. It knows your next 14 days of payables. It sweeps $31M to your MMF, holds $16M for operational buffer. That night it's earning 4.9%. You get a notification. Nothing else required.
“You have 8 entities. 6 of them are cash positive. 2 are drawing on revolving credit at 7.2%.”
Your treasury team runs a weekly intercompany netting report. It takes 4 hours. The recommendation goes to the CFO. Approval takes 2 days. The transfer happens. Meanwhile the RCF is accruing at 7.2% on £3.4M.
Bond sees the cross-entity position in real time. Within your intercompany policy, it nets automatically. The RCF draw is eliminated by day two. The net interest saving compounds weekly.
“Your US entity holds $18M in a non-interest-bearing account because ‘that's how it's always been set up.’”
Nobody flags it because the account is technically positive. The TMS shows green. There's no alert for opportunity cost — only for risk.
Bond surfaces the yield gap on day one of onboarding. Moves $14M into a T-bill ladder matching your 30/60/90 day payables profile. $4M stays liquid.
“You have $93M idle. Your team knows it. Nobody has unlocked it.”
The identification took three weeks. A consultant ran the analysis. Legal needed ICL agreements. Tax needed a month for transfer pricing documentation. The bank said notional pooling was an 8‑week project. Finance needed to understand the consolidation impact. The $93M is still sitting there. The report is in a shared drive.
Bond maps the idle positions on day one and classifies each dollar by lock type — buffer excess, disconnected entity, legacy currency, intercompany opportunity. It generates the ICL documentation, sets arm's‑length rates against prevailing base rates, and routes board approvals through your communication tools. Treasury confirms. Bond executes. What previously took three weeks is done in a day — and the cash is generating revenue the same day.
“Your FX policy requires 80% hedge coverage on all material exposures. You're at 61% and don't know it.”
The policy is clear. The execution is manual. Hedges are placed when a trader has time, when the rate looks right, when the ticket is large enough to justify the effort. The 19% gap isn't a decision — it's accumulated drift. Nobody calculated the open exposure because the TMS reports hedges placed, not coverage achieved. The board thinks you're 80% hedged. You aren't.
Bond calculates your live hedge coverage continuously against your confirmed exposure pipeline. When coverage drifts below policy, it flags the gap and executes the required hedges within your approved parameters. The board pack reflects reality. The 80% isn't a target — it's a floor Bond maintains automatically.
“It's been 12 months. Your CFO wants to know the ROI.”
Your TMS costs the same as it did on day one. It does the same things it did on day one. The ROI conversation is a licence cost versus headcount saved — a spreadsheet your CFO has seen before. There is no compounding. There is no improvement. The system is exactly as valuable as it was at go‑live.
The return in month twelve is higher than the return in month one. The forecast is more accurate. The positioning is tighter. The idle cash is lower. Every cycle the system ran, it learned something. Every decision it made, it refined the next one. The ROI conversation isn't about cost saved — it's about yield generated, risk avoided, and a system that is measurably better at your treasury than it was a year ago.
Real Scenarios. Real Differences.
What actually happens when the situation demands action — not just information.
“Your GBP account drops below covenant threshold at 11pm on a Friday”
“USD/GBP moves 80bps against your open position”
“$40M sits idle in your operating account for 11 days”
“Two subsidiaries are drawing on external credit. Three others are sitting on surplus cash.”
See How Bond Compares.
Legacy treasury systems were built for visibility. Bond was built for action.
New York, NY 10010
United States
London, United Kingdom
W1J 6BD
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