If 2016’s high M&A activity levels are any indicator, technology, media and telecommunication (TMT) treasuries will be also having a busy 2017. A variety of other factors are also likely to play a part in strategic decision-making during the year, but on the bright side, several of these have positive implications for treasury. As Sacha Deal, Global Sector Head – Technology, Media & Telecommunication, Global Liquidity and Cash Management at HSBC explains, these range from potential operational efficiency gains and cost savings to longer-term treasury transformations that leverage evolving transaction banking solutions to help future proof the business.
In 2016, much of the focus of TMT treasuries was on integrating newly acquired businesses, or spinning out of operations post de-merger. A key part of these activities was the streamlining of processes to achieve cost efficiencies. Although TMT deal activity in 2016 gives an indication of the fundamental trends we are likely to see through 2017, there will probably be a wider range of drivers.