A treasury management system (TMS) can drive efficiency in which area?

A treasury management system (TMS) is primarily designed to manage a company's cash and liquidity effectively. It provides comprehensive tools that enhance cash visibility, which is crucial for organizations to understand their cash position at any given time. Improved cash visibility enables businesses to forecast cash flows more accurately, allowing them to make informed decisions regarding liquidity management and financial planning.

By utilizing a TMS, companies can gather data from various sources, analyze it in real-time, and provide insights on cash positions and expected future transactions. This capability not only streamlines cash management processes but also improves a company's ability to predict its cash needs, thus optimizing cash utilization and minimizing the risks associated with cash shortfalls or surpluses.

The other options do not align with the primary functions of a TMS. Payment processing is a component of cash management but is not the extent of what a TMS offers. Budget allocation for marketing and human resource management are distinct functions that fall outside the typical financial management scope addressed by a TMS, focusing instead on their respective operational areas.