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The ERR NOT™ Method – Real Treasury

The ERR NOT™ Method

Real Treasury’s smarter, faster way to select technology—independent and repeatable.

ERR NOT Method Framework

Why a Proven Selection Method Matters

Outdated selection methods can lead to disjointed, lengthy processes, misaligned values with vendors, and unmet expectations. This often results in locked-in subscriptions that provide little to no value.

At Real Treasury, we’ve seen how the right technology can positively impact scalability, growth, and profitability. That’s why we developed the ERR NOT™ method—a proven selection process to help you select the ideal tools for your unique business needs and avoid costly mistakes.

The ERR NOT™ Method

Six proven steps to transform your technology selection process

E

Education & Early Planning

  • Build the business case and obtain buy-in from management
  • Gain understanding of the marketplace and plan key process steps
  • Account for all licensing, implementation, and ongoing costs
R

Requirements Gathering

  • Review and document your current state operations
  • Determine and document all “must-have” requirements
  • Rank and prioritize your top requirements to guide selection
R

RFI/RFP

  • Develop a brief RFI focused on non-functional items
  • Include vendor stability, market presence, and support
  • Build a vendor shortlist based on solution fit and initial demos, ignoring pricing at this stage
N

uNique Demo Approach

  • Create a custom demo script to deliver to all vendors
  • Keep your unique requirements front and center
  • Use the script to highlight product strengths and weaknesses
O

Obvious Winner

  • Remain unbiased and don’t get distracted by flashy software
  • Use a scoring process to eliminate confusion after demos
  • Allow the data to highlight the obvious winning solution
T

Transformation

  • Move to best practices to fully capitalize on new processes
  • Manage project risks like data migration and change management
  • Report on success metrics like ROI, time saved, and adoption

Real Results

“𝘈 𝘵𝘩𝘰𝘶𝘨𝘩𝘵𝘧𝘶𝘭, 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦𝘥 𝘱𝘳𝘰𝘤𝘦𝘴𝘴 𝘧𝘰𝘳 𝘴𝘦𝘭𝘦𝘤𝘵𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘺…”
Tony Vu
Treasurer, Broward Health
“They effectively implemented treasury software that seamlessly integrates cash journal entry posting and has revolutionized our financial management, providing unparalleled efficiency and insight into our cash flow operations.”
Emily Bailey
Accounting Manager, Carter Exchange
“They brought strategic insights we hadn’t considered—highlighting key features, gaps, and opportunities.”
Thi Pham
CFO, Vie Management
4-6 Weeks
Average Selection Time
100+
Vendors Evaluated
100%
Independent & Unbiased
45+
Years Experience

Meet Your Experts

We’re on your side of the table. Founded by treasury professionals, Real Treasury is built to support treasury and finance teams with selecting the best tools for your company with confidence.

ERR NOT Method page headshot of Tim Schultz, Co-Founder
Co-Founder & Principal Consultant

Tim

Former treasury lead with 15+ years optimizing cash management and risk operations. Tim founded Real Treasury to democratize access to treasury technology insights and help teams make confident, informed decisions without vendor bias.

ERR NOT Method page headshot of Tracey Knight, Co-Founder
Co-Founder & Principal Consultant

Tracey

With 30 years as a practitioner, vendor, and consultant, Tracey brings rare perspective—guiding treasury and finance teams through unbiased tech selection, hands-on workshops, and smarter decisions that drive adoption, insight, and lasting transformation.

Ready to Apply the ERR NOT™ Method?

Choose your next step to start making smarter treasury technology decisions

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Access and compare 28+ vendors and videos

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Expert-led recording to align your team and apply ERR NOT™ — on your schedule

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15-Minute Strategy Call

Free consultation to discuss your specific treasury tech selection needs

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