by Andre Casterman, Chief Marketing Officer, Intix
Regulation and digitisation are having a profound impact on the information processed by corporate treasurers. We are seeing a number of newly digitised processes emerging, such as electronic bank account management (eBAM), know your customer (KYC) etc. with new formats and ever-increasing amounts of data that need to be stored and organised.
Data in treasury is derived from a number of data sources, which are often very specialised, including the ERP, treasury management system, trade finance systems, ePresentation, eInvoicing, receivables financing, FX platforms, purchase-to-pay and collateral management, amongst others. The specialised nature of these platforms, and the specific nature of the data they produce, creates silos that make it difficult to achieve visibility and control over the financial supply chain. This contrasts with treasurers’ aim to achieve end-to-end visibility, and structured information to automate reconciliation processes etc.