SunGard & CFO World Study Identifies Investment in New Technology & Risk Control as Key Focus Areas for Chinese Treasurers
Published: March 17, 2015
A market study conducted by SunGard and CFO World, a leading online publication for senior executives in corporate finance, has revealed that firms in China have identified investment in new technology and risk control as key focus areas for their treasury functions. The main drivers behind these investments are cash management efficiency, financial control, as well as business growth.
Other key findings of the report include:
- 69% said they are experiencing disparate processes and a reliance on internal treasury management systems (TMS) or host-to-host services provided by banks.
- Nearly 30% of respondents indicated that they need to expand their treasury coverage to include risk management in the areas of foreign exchange, interest rate and commodities.
- While the main focus of treasury services in Chinese firms is on basic transaction services in cash management, many Chinese treasurers said they are more likely to push for treasury transformation as their level of understanding of more advanced treasury solutions increases.
"As many Chinese firms are expected to place higher importance on treasury management to support business growth, basic treasury solutions can no longer meet their needs. There is a rapidly increasing appetite to achieve next generation treasury using sophisticated solutions for greater efficiency and enhanced risk management.”- Tian Maoyong, publisher and chief editor, CFO World
“SunGard is well-positioned to meet the needs of the industry by providing high-quality and reliable treasury solutions that assist executives in improving their business. Although slow to develop, we expect to see greater demand going forward for software and IT services, including managed services and could-based solutions for treasury management.” - Paul Bramwell, svp treasury solutions, SunGard