In new research, Mercator Advisory Group reports how treasury automation has accelerated during the pandemic as CFOs seek more strategic results
Automating treasury operations has been a steady goal in corporate finance since at least the mid-2000s. The increasing technology capabilities of the past several years, along with the pandemic, which has refocused the corporate world on liquidity, have combined to help shift treasury automation into a higher gear. In a new research report, Treasury Automation: Adapting to Increased Expectations, Mercator Advisory Group reviews the traditional and now changing role of treasury management into a more strategic resource for the CFO. Forward-thinking financial institutions, traditional treasury management solution providers, and latest generation fintechs are striving to assist their corporate clientele to optimize their capabilities in treasury operations. Companies are looking to their providers to help move them to a new level of effectiveness.
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“Treasury management has traditionally been a specialized and lightly resourced area of corporate finance. This began to change after the global financial crisis as the role of treasury began to expand in the planning and execution of corporate financial imperatives,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “That adaptation through technology advancements continues and, of course, received a boost from pandemic-generated issues when the recognition of digitized financial processes as a catalyst for improved financial operations became quite clear to many, especially lagging organizations.”
Highlights of the report include:
- A detailed review of the traditional role of treasury management and the key functions of treasury operations.
- An analysis of the shifts occurring in strategic expectations around treasury management.
- A breakdown of four key technology trends that are impacting the efficiency and effectiveness of corporate financial operations.
- A case summary of how one institution used technology to become a more strategic partner for a corporate client.
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The document is 17 pages long and contains 4 exhibits.
Companies and other organizations mentioned in this report include: Cashforce, Citi, Coupa, Deliveroo, Financial Data Exchange, Finastra, FIS, Fiserv, FISPAN, GTreasury, HighRadius, HSBC, Infosys, ISO, IT2, Kyriba, Planixs, Serrala, SmartBear, SWIFT, TCS, Temenos, TIS, Treasury4, Trovata, Wells Fargo, Wipro
Members of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and Global Payments Advisory Service have access to this report as well as upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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