Cash & Liquidity Management
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Treasury Technology in 2008

Treasury Technology in 2008

by Helen Sanders, Editor

“We live in a society exquisitely dependent on science and technology, in which hardly anyone knows anything about science and technology” – so said astronomer Carl Sagan. With the possible exception of office politics, no other aspect of treasury (and probably other parts of the business too) is quite as emotive as technology. While we make use of IT on a daily basis, it has almost negligible coverage in formal qualifications and treasury training. Consequently, it is often the part of our role about which many of us are most fearful and inclined to rely on the knowledgeable few. Dr William Reville at UCC expands further in an article in the Irish Times,

“People generally feel uneasy about technology. We recognise that we are dependent on it but at the same time we feel in a vague way that we are in thrall to an alien influence.”

…or as the sign on cartoon character Dogbert’s wall said for a long time “Technology: No Place for Wimps”.

Technology in treasury is now the domain of the business manager, not only the department expert.