By now, most treasurers will have heard of SWIFT gpi Ė 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 isnít just for treasury functions that are SWIFT-enabled.
Next generation treasury functions will work in real-time, with highly integrated, automated systems. Treasury teams will leverage intelligent tools; data will power forward-looking decision-making; and manual legwork will give way to strategic thinking. But how can treasurers deploy innovations associated with the Fourth Industrial Revolution, also known as Industry 4.0, to work towards this vision of Treasury 4.0?
The treasury committee is often the cornerstone of any business because disciplines within finance have many stakeholders and affect a variety of other functions. Today, a treasurer is increasingly expected to be a communicator across an organisation. Doesnít that fact alone highlight the need for a treasury committee?