1. What are some challenges of a Centralized Treasury Management System? List at least three and provide some context as to why a centralized treasury management system may not be suitable for certain companies?

2. Discuss how a size of a company can be an important criteria to evaluate when deciding on centralizing a company's treasury system? How can the size of an organization impact the decision of implementing treasury management systems. Factor in the cost and features/services provided in TMS. You can also view outsourcing and in-house.