In 1987, Craig Squier proved that, if a monoid can be presented by a finite convergent string rewriting system, then it satisfies the homological finiteness condition left-FP3. Using this result, he has constructed finitely presented decidable monoids that cannot be presented by finite convergent rewriting systems. In 1994, he introduced the condition of finite derivation type, which is a homotopical finiteness property on the presentation complex associated to a monoid presentation. He showed that this condition is an invariant of finite presentations and he gave a constructive way to prove this finiteness property based on the computation of the critical branchings: being of finite derivation type is a necessary condition for a finitely presented monoid to admit a finite convergent presentation. This self-contained survey presents those results in the contemporary language of polygraphs and higher-dimensional categories, providing new proofs and relations between them.