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The Mobile Treasury – Fact or Fiction, Freedom or Fear?

by Mike Burn, Client ACCESS Product Executive, Treasury Services, EMEA, J.P. Morgan

“There’s an app for that…”

The development of tools and software for treasury professionals could be described as a slow evolution, rather than a revolution. Whilst those tools may have migrated from offline to online over recent years, they have still shared the same constraint: tethering the user to a desktop or laptop and thus hindering their mobility.

Trends that occur in the consumer space are inclined to eventually move to the corporate arena. But is that true of the trend towards mobile and could treasury professionals do all they need from such a device, anytime, anywhere?

Some would argue that treasury processes are dependent on the display of high volumes of data across spreadsheets and thus mobile with comparatively small screens is not conducive. Similarly, they might also argue that security is an immense concern. Mobile technology is relatively new, and so unproven from a security perspective.