Published  4 MIN READ
Please note: this article is over 12 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI

The Role of Technology in Achieving Operational and Strategic Objectives

Solutions provider Wall Street Systems recently conducted a study in association with the European Association of Corporate Treasurers (EACT)  amongst European corporate treasurers to explore some of their challenges and priorities, and attitudes towards technology. Over 300 treasury professionals participated, including representatives from treasury associations across the region. This article looks at some of the research findings and discusses some of the implications.

While liquidity and risk-related issues are priorities for treasurers (figure 1), technology dominates the agenda, including implementation of new systems, upgrades and integration. This also includes bank connectivity, such as SWIFT and implementing FX and MMF portals.  This is not to say that technology is more important than liquidity, risk or financing issues, but reflects treasurers’ recognition that technology has a major role to play in achieving objectives in these areas. Furthermore, almost every treasury priority has a technology implication. Efficient treasury processes are reliant on effective, automated technology, and payments factory or SEPA migration projects are largely technology-driven.