Treasurers: Why Embracing the Latest Technology is No Longer Optional

Published: March 13, 2025

Treasurers: Why Embracing the Latest Technology is No Longer Optional

Corporate treasurers play a vital role in a company’s success. They manage cash flow, mitigate risk, and help drive long-term value — all while often facing an increasingly uncertain environment, tight deadlines, and growing pressure to do more with less. Effective time management is crucial. Yet, despite the availability of integrated, time-saving technologies, many corporate treasurers still rely on manual processes and outdated tools like spreadsheets and basic portals. Why, in a time of automated and integrated technology are many treasurers hesitant to make the shift to the latest technology?

What it is

Despite the availability of integrated, time-saving technologies, many corporate treasurers still rely on manual processes and outdated tools like spreadsheets and basic portals.

Why it matters

Treasury modernisation requires investment, and while upgrading has a price tag, a greater cost is likely incurred by delaying necessary improvements.

Where it’s going

By embracing a strategic, phased approach to modernisation, treasurers can be empowered to do what they do best: mitigate against risks, manage day-to-day business obligations, and develop long-term financial strategies.

A 2024 survey of treasurers, conducted in partnership with Treasury Management International1, revealed key obstacles to technology adoption:

  • Cost: 21% of treasurers cite budget constraints. However, industry trends show that automation offers long-term savings that justify upfront costs.
  • Limited resources: 11% mention limited staff or time constraints. Ironically, the very tools they hesitate to adopt are designed to alleviate these constraints.
  • Integration challenges: 35% are already juggling multiple disconnected systems, making the idea of introducing new tools feel like an added burden. Yet, modern treasury platforms are built for seamless integration, reducing complexity instead of adding to it.
  • Reluctance to change: Surprisingly, 50% of respondents still avoid investment portals, preferring traditional and more manual methods. This resistance to change leaves potential gains on the table and keeps treasury functions stuck in the past, possibly putting them years behind competitors.

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Article Last Updated: March 18, 2025

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