Corporate migration to Internet-based cash management services is taking off says TowerGroup, as companies look for faster, more reliable and less expensive access to their financial data.
The research note says the migration from PC-based (fat client) to Web-based (thin client/browser-based) cash management services is well underway and growing at a compound annual growth rate (CAGR) of 16.89%. Several of the top 100 US banks are now offering Web-based services alongside older PC-based applications.