Technology can undoubtedly have a transformative impact on treasury, but often this impact refers to managing existing processes more efficiently or effectively. At Worldpay, where a relatively new treasury function had to deal with enormous change, the effect truly has been transformational.
Areas like cash forecasting can benefit from new technology that complements legacy systems but it is also crucial to look ahead to new challenges - such as regulatory issues posed by GDPR. The legislation will require a new compliance regime but focus on areas like cybercrime actually present a real opportunity, explains Royston Da Costa, Assistant Group Treasurer, Ferguson plc.
GN Group explain how their treasury department strives constantly to enhance productivity and add value to the group, describing how it is leveraging new technology to deliver greater efficiency, address changing risks, enable centralisation and provide a platform for growth.
A flagship project to facilitate corporate and treasury strategy at Bombardier Transportation Group was the implementation of FIS’ Quantum 6 treasury management system. Implementation was successfully completed after a steep learning curve for the project team.
APIs have been around for decades, so why are we hearing so much about them now? What’s the big deal from a treasurer’s perspective? And what’s new that’s actually worth knowing about? Eleanor Hill, Editor, cuts through the noise to find out what treasurers really need to know.