One big trend in treasury technology next year is likely to involve vendors moving to address the needs of small and midsize enterprises (SMEs), according to Enrico Camerinelli, a senior analyst at Aite Group, a technology consulting company.

"The treasury players will be addressing mostly those companies that have been using Excel quite extensively, and they might have some basic accounting systems," Camerinelli said. "These companies are aware of the fact that using spreadsheets is not the best situation, but they don't have the necessary budget to go for the big [treasury management systems]. They need to have something smaller."

Samuel Peay, senior treasury analyst at the Utah-based Ancestry, which provides genealogical science and technology solutions, exemplifies the kind of midsize company that Camerinelli was discussing.