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.
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.
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.