Running an efficient, data-driven global treasury is not just a technology play: it’s also about leveraging “community intelligence” and group-wide collaboration. Sounds too involved? It’s easier than you think, says Nikolai Diekert, Director, Product Management, Coupa.
It has always been the job of the corporate treasurer to manage cash, liquidity and risk in an unpredictable world. Despite the almost existential importance of the role, treasurers have often been presented with a rather simplistic toolset to help keep the lights on: the spreadsheet.
In itself it is a useful, flexible and familiar piece of technology. The problem with spreadsheets comes when treasuries have to bring financial data together to make sense of the rapid-fire dynamics of the commercial, economical and, increasingly, political drivers of global business.