Technologies such as artificial intelligence have the potential to make it easier for treasurers to gain visibility and control over their cash. But simply investing in these technologies is not enough to achieve working capital efficiencies – treasurers must deploy them in combination with human skills, while reviewing and upgrading existing processes.
In many ways, the core responsibilities of the treasurer have not changed over the past decade: the main objectives of visibility and control over cash flows to ensure the optimisation of working capital and corporate finance for the company remain the same.
Nevertheless, the operating environment is shifting – bringing with it new opportunities for treasurers to meet these objectives with less manual effort. One of the major factors shaping this new era for working capital management is the Fourth Industrial Revolution, also known as Industry 4.0.
Sign up for free to read the full article
Register Login with LinkedInAlready have an account? Login