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The Benefits of Financial Process Automation

The Benefits of Financial Process Automation

by Sven Lindemann, CEO, Hanse Orga

Today’s powerful, functionally rich technology solutions are opening new horizons of value and opportunity for corporations’ treasury and finance operations.

In the past, treasury and finance were often quite distinct.  Treasury focused on high value, low volume cash and risk management business, including cash positioning and mobilisation, liquidity management, FX and commodity hedging, and debt and investment management.  Finance was primarily concerned with managing high volume commercial payables and receivables, and in accounting, enterprise resource planning and reporting functions.  Typically, these were supported by different technology systems, with some limited level of interfacing in areas such as forecasting and ledger posting.  

Today, the realities of effective, automated integration and real time connectivity have facilitated a closer and more productive treasury-finance business relationship.  The newly possible efficiencies and integrations extend beyond the traditional boundaries, incorporating many elements of the financial supply chain, and other important business processes.  And contemporary finance automation is bringing a new set of business benefits into the budgetary reach of more and more companies.