6 Steps to Building a Cutting-Edge Treasury Today
As corporates implement innovative digitisation plans, what impact will these changes have on the role of the treasurer? In a recent podcast, Sunday Domingo, Head of Digital Product Management, Digital Channels & Data Analytics, Standard Chartered, and her colleague Byron Gardiner, Executive Director, Structured Solutions and Advisory, and a former regional treasurer, explained how smart treasury practices can position treasurers for success in the post-pandemic world.
With many corporates already on the path to digitising their processes, the smart treasury goal is within reach. But when treasury operations are digitised and automated, what impact will this have on the role of the treasurer?
1. Enabling flexibility for the remote treasurer
The Covid-19 pandemic and subsequent lockdowns thrust treasury flexibility into the spotlight, particularly in areas where manual processes still existed. The rise of cost-effective software-as-a-service models (SaaS) and best-of-breed solutions accessible through cloud models is proving game-changing. Gardiner believes this breakthrough is enabling treasuries of all sizes to “take massive leaps forward in their ability to automate and therefore become very agile, whether they are in an office space or accessing their toolkit of functions remotely.”