A Finance Buyer's Guide to Treasury Cloud Software: Why Cloud-Native Matters & How to Spot Imposters
Remember the adage, “If you can’t convince them, confuse them?” Many treasury tech providers do just that, touting their “cloud-based” software. Most of us would never know the difference between a legacy software moved to the cloud vs a cloud-native software.
Why does it even matter? Because knowing the difference will save you a lot of pain in the future and quite a lot of cash!
In this Fintech Corner episode, Brett and JD discuss the tough questions to ask when assessing a cloud-based tech provider.
Episode Highlights
- Why legacy TMS providers can’t compete w/ cloud-native applications built after 2015.
- Why should finance professionals understand concepts like microservices, serverless, and cloud-native?
- Cost benefits of choosing a cloud-native cash management platform.
- Signs that you’re dealing with a monolith app with little shelf life remaining.
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Show Notes / Resources
Read the full transcript.
Check out the Guide: Deciding Between a TMS, a Modern Cash Management Platform, and the Rest.
Learn more about Trovata at https://trovata.io.
About Fintech Corner
A podcast for fintech lovers that starts conversations between bankers, financial technology innovators, and their clients to evolve finance and treasury for the 21st century. For decades, there has been a gap between the technology that banks can offer and what corporate clients need for modern cash flow management and analysis. We’ll cover emerging trends to help bridge this gap, technologies that can reshape the roles of treasury & finance, and the in’s and out’s of API bank connections & open banking.
Brett Turner
Founder & CEO, Trovata
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.
Joseph Drambarean
CPO, Trovata
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
