A frequent user of bank guarantees to support its business, the treasury function at Arup was frustrated by using Excel spreadsheets for the application, maintenance and reporting of guarantees. Automating the process through a module from Trezone was the key to greater efficiency – and to reinforcing Group Treasury’s reputation as a proactive centre of excellence.
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.
A long-term partnership between ION's Treasury Reval and Petrofac's treasury function has undergone a radical pivot, setting the company’s treasury organisation is among the world’s elite, defining new benchmarks across the industry, as well as disrupting two critical pain points for practitioners: bank account management and the trade confirmation process beyond FX.