KONE Corporation, which operates in 60 countries globally, found that implementing SWIFT enabled them to harmonise bank communications, standardise processes and improve visibility and control - as well as optimise liquidity and drive future transformation.
The ICRC is part of the Red Cross and Red Crescent movement which focuses on assistance in war zones or areas with political unrest or military conflicts. Although its treasury department is not in direct contact with beneficiaries, its work is a valuable part of ICRC humanitarian action by ensuring funds donated are available for those in need of protection.
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.
If we want to believe the hype then the treasurer’s days are numbered and we are all to be replaced by faceless, super-efficient and infallible machines producing copious and flawless results. But how much of this is true? Are treasurers slowly but surely becoming redundant?
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.