by Lisa Davis, Global Product Manager of Global Billing and Statements, Treasury and Trade Solutions, Citi
Globalisation, regulation and evolving business strategy create a wide range of challenges and complexities for corporate treasurers. At the same time, treasury departments globally often need to strive for operational clarity and simplicity to maintain process and information integrity and control. Technology and solution innovation can play a vital role in managing this increasing complexity. While new solutions often need to be highly sophisticated in their design and functionality, this should not compromise the ease with which treasurers can deploy them.
An essential obligation for a global bank is to find new ways of harnessing innovation to promote digitisation for automation, efficiency and control, and sustainability to reduce manual paperwork and environmentally-harmful activities. One example of digitisation, sustainability and simplification is Global Statements, providing a complete and consistent view of bank statements, transactions and fees to corporate treasurers and finance managers.