Giant Leaps Forward: Evolving Smart Treasury into Real Time

The enablement and adoption of smart treasury techniques is an essential first step towards the transition to real-time operations says Citi’s Dr Duncan Cole, Principal and Digital Journeys Head, Treasury Advisory Group, and Joseph Vasen, Principal, Treasury Advisory Group, Treasury and Trade Solutions.

As 2020 has progressed, the themes of treasury resilience and digitisation have risen further up the agenda. It’s no longer prudent to think solely in terms of point solutions: the trading and economic environment dictates that organisations intent on staying ahead should be building out their longer-term digital strategy, placing controlled resilience in the driving seat.

For Dr Duncan Cole, Principal and Digital Journeys Head, Treasury Advisory Group, Citi, preparing for and using intelligent analytics, in a way that augments human decision-making, takes treasury far beyond the current appetite for robotic process automation (RPA), into a realm where real-time algorithmic decision-making offers treasury the pathway to offer enhanced business value.

The bedrock of such a seemingly giant leap forward is robust and accurate data. By structuring the organisation around the best possible information, not only can decisions become more effective but they can also become more timely.

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