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Risk and Efficiency in 2016

Risk and Efficiency in 2016

An Interview with Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and Trade Solutions, Citi

As budget processes start in earnest for many companies, treasurers and their banks are looking to the year ahead. In this edition, Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and Trade Solutions at Citi outlines some of the priorities and challenges amongst treasury clients.

What do you see as your corporate customers’ key priorities in 2016?

The themes that have dominated 2015 are inevitably shaping 2016, with high levels of market volatility, a slowdown in the fast-growing Asian economies, and instability across parts of the Middle East, Turkey and Russia. In this environment, treasurers are focused on managing uncertainty and reducing the impact on their business. Secondly, many are aiming to capitalise on significant technology investments made over the past few years in their treasury management system (TMS) and/or enterprise resource planning (ERP) tool to drive further efficiencies through processing optimisation, enhanced reporting and financial analytics.

As treasurers plan their investments in the year ahead, they are keeping a critical eye on potential returns, so they are becoming more selective, accelerating projects that offer the greatest cost efficiency, operational or market risk management, and holding off on others.