By now, most treasurers will have heard of SWIFT gpi – the solution that is speeding up cross-border payments and delivering track and trace capabilities. But not all treasurers have grasped the game-changing potential, or that it isn’t just for treasury functions that are SWIFT-enabled.
Industry 4.0 is changing the way businesses operate and compete, powering a new breed of treasury management solutions and strategies. Without a robust understanding of the challenges and opportunities that Industry 4.0 – and importantly Treasury 4.0 – brings, companies risk losing their competitive edge.
In any industry, the selection process is a task that requires a careful and considered approach. The necessity to hire the right person is made even more pertinent within corporate treasury, due to the comparatively small size of most treasury teams. A focus on formal succession planning allows organisations to not only prepare themselves for future staff fluctuations but encourages participation from individual employees.
There’s something delicious about an exclusive interview – especially when it involves Ole Matthiessen, Global Head of Cash Management, Deutsche Bank, candidly discussing the eyebrow-raising results of the bank’s latest corporate treasury survey.
At a time where the consequences of technological weakness have never been greater, treasurers are struggling to prioritise modernising their treasury functions. Treasury technology previously considered inessential, has the potential to soon become the industry standard, creating a plethora of issues for those who fail to invest promptly.