The role of treasury, and the corporate treasurer, has been evolving over the past decade. And there’s no turning back – pandemic or no pandemic, ‘the new normal’ is here to stay.
The business landscape is being shaped not just by Covid-19, but by digitisation, rapidly changing technology, geopolitical unrest and regulations for everything from financial messaging and transactions to data privacy. To stay relevant, treasurers need to be more flexible, adaptable and reliable than ever before.
There are six key areas of importance that treasurers should keep top of mind while planning for the near- and longer-term future: cash visibility, communication, cybersecurity, compliance, technology and flexibility.