It might sound too good to be true, but there is a way to gain greater visibility over group cash, reduce payments fraud, and extract further value from your ERP – without migrating decentralised subsidiaries into the ERP environment. In this month’s Executive Interview, Sven Lindemann, CEO of Hanse Orga Group, explains the benefits of the new hybrid cloud ERP model and how it could transform corporate treasury in 2018 and beyond.
In your view, what are the top concerns for corporate treasurers in 2018?
Centralisation, automation and fraud prevention are key themes on corporates’ to-do lists. Underpinning these priorities, there is a clear desire to use technology in a smarter way. Treasurers are keen to extract the maximum value from existing system investments whilst leveraging new technologies to make payment processes smoother and more secure, all while gaining greater visibility and control over cash.
A confluence of external and internal factors is driving these trends. The growing number of high-profile financial fraud cases, for example, is incentivising corporates to centralise outgoing and incoming payments. Today’s treasurer needs to be aware of whom the organisation is doing business with at all times, so the greater extent to which payments can be centralised, automated, and have thorough compliance and fraud checks embedded within the process, the better.