GTreasury-sponsored AFP Poll Shows Companies Favor ASP/SaaS Treasury Solutions

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A survey on treasury workstation preferences for the Association of Financial Professionals (AFP) shows that companies of all sizes prefer application service provider/software as a service solutions. Some 95% of respondents of all size companies said they prefer services over software when it comes to treasury workstation solutions. GTreasury sponsored the AFP survey.

One might think that only smaller companies would select an outside service for such a critical area

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.

GTreasury is exhibiting at the AFP Annual Conference, October 4-7, 2009 in San Francisco in Booth #600.

About GTreasury
GTreasury™ provides the ONE Enterprise Treasury Platform for both ASP/SaaS Services and On-Site Treasury Workstations Installations. All support and development efforts, and those of its partners and clients, are focused on one seamless system. For the past 23 years, GTreasury has provided best-of-breed treasury and cash management software and services to leading banks and corporations of all sizes and all over the globe. GTreasury's clients include GE, Hydro Quebec, Wendy's/Arby's Group, SABIC Innovative Plastics, Prudential Financial, Barnes and Noble, and Bank of America.

For more information, please contact:
Dan Perkins
Senior Vice President
(847) 847-3736

GTreasury
3 Corporate Drive    
Suite 110; Lake Zurich, Illinois 60047
http://www.gtreasury.com

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Dan Perkins
GTreasury
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