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.
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.
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. Doesn’t that fact alone highlight the need for a treasury committee?