Low-Code: Automating Treasury in 2023
Low-code technology enables non-IT professionals to develop the automation software they want, when they want it. Following on from TMI’s 2022 look at low-code no-code platforms, we consider the drivers and opportunities in 2023 for low-code. Low-code is an application development tool that uses visual, rather than textual, coding. Its simple drag-and-drop interface enables users […]
5 Reasons to Automate Cash Forecasting in 2023
If treasurers and their teams are grinding the gears on a monster cash flow model and are considering moving to an automated solution, here are five reasons to make the switch in early 2023. 1. Better manage the uncertain economic climate Perhaps the biggest benefit of cash forecasting automation is that it enables treasurers to […]
Climate Risks Hiding in Plain Sight: Interaction between the ISSB and the Financial Statements
The IFRS Foundation has recently established a ‘sister’ standard setter to the International Accounting Standards Board (IASB). The remit of the International Sustainability Standards Board (ISSB), announced in November 2021, is to meet investor demand for “high quality, transparent, reliable and comparable reporting by companies on climate and other ESG matters.”1 This is complementary, but […]
Checking Out the Future of Shopping
Five Trends Impacting Payments Corporate treasury departments are increasingly being called upon to enable new, digital forms of commerce for their consumers and suppliers. This includes embracing real-time payments, digital wallets, pay-by-bank solutions, and virtual accounts. Here, Manish Jain, Global Head of Consumer & Retail Industries, J.P. Morgan, explains how treasurers can lay the groundwork […]
Becoming an Investor Relations Champion
What role can treasury play in Investor Relations (IR), and what value can be added? TMI talks to Dino Nicolaides, Managing Director, Head of Treasury Advisory UK & Ireland, Redbridge Debt & Treasury Advisory, and new President of the Association of Corporate Treasurers, about the demands of fulfilling the IR role. Generally, what is the […]
Roadmap Towards a First-Class Group Treasury
As the perennial debate continues around the pros and cons of a centralised treasury, this article plots a route to an efficient and streamlined group treasury function – emphasising the importance of empathy, communication and engagement at all levels. In recent years there have been numerous articles, discussions, and seminars, debating to what extent a […]
Treasury KPIs for ESG and D&I: Time to Get Serious
Environmental, social and governance (ESG) initiatives are now a boardroom priority – and an increasingly important part of the treasurer’s strategic remit. Nevertheless, only a quarter of treasury departments currently have key performance indicators relating to ESG. Helen Kelly, Head of Europe, Barclays Corporate Banking, examines the types of ESG initiatives and targets leading treasury […]
Building a Better Cash Forecasting Toolkit
Without effective forecasting, companies are essentially flying blind into the future. We look at the role of new technology evolving to help tackle this challenge. While much of the finance function has digitised in recent years it’s fair to assume that most cash forecasting activity, even in very large corporates, is still spreadsheet-based. The spreadsheet […]
Pandemic Powerhouses
TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As much as the financial crisis of 2007/8 had provided some insight […]
Giving Treasury Extra Firepower
Galls Turns Up the Heat with Bottomline TreasuryXpress CORPORATE RECOGNITION AWARDS Best TMS Implementation With billion-dollar growth plans on the table, Kendall Weissmueller, Corporate Controller, Galls, knew that the company’s treasury technology needed to be upgraded – to support the wider organisation today and tomorrow. Using Bottomline TreasuryXpress he found the right system, and partner, […]
The Resilient Treasurer: Building a Digital Armoury for 2021
Without question, the Covid-19 pandemic has strengthened the business case for digitisation and dramatically increased the pace of digital adoption. Treasury 4.0 technologies, such as data analytics and application programming interfaces, will be key to building long-term resilience. Here, four HSBC experts examine the challenges, risks and opportunities of embracing digital treasury capabilities – and […]
Running a Virtual Treasury: Get Yourself Connected
Remote working has quickly become the norm for many treasurers across the globe. But are treasury departments operating optimally in a virtual world? BELLIN’s Michael Juen, Chief Customer Officer, and Michael Bach, Head of Consulting & Implementation, explain how to establish a systems set-up that is efficient and secure, while maximising treasury connectivity and productivity. […]
Optimising Treasury to Support the Business
Looking to enhance visibility over treasury data and to support an ambitious company growth plan, S&T AG decided to roll out a new treasury management system across the group. Here, Bettina Ludwig, the company’s Head of Financing, Treasury and Insurance, reveals the twists and turns of the implementation journey and shares best practices from the […]
Through the Portal: Opening the Door to Process Efficiencies at Drax
Drax’s Treasury and Corporate Finance team needed a new money market fund (MMF) portal solution to improve their control environment, streamline their workflow and automate their manual processes. Here, Lisa Dukes, Deputy Group Treasurer, Drax, outlines the benefits of choosing and implementing ICD Portal, and shares key learnings from this Award-winning technology journey. Aiming to […]
Robotic Process Automation (RPA) – Know Your Options
RPA is another function that can be added to business process outsourcing (BPO). Outsourcing to an expert is smart and cost-effective. Robotic Process Automation (RPA) is currently one of the most talked-about productivity enhancements. RPA is really as simple—and powerful—as it sounds and provides organisations with tools to create their own software robots to automate […]
Making Treasury Extraordinary: ZEE’s Superstar Transformation
To support annual growth of more than 20%, Zee Entertainment Enterprises (ZEE) needed a treasury function that was automated, efficient, and future-proofed. Here, Rohit Kumar Gupta, CFO, ZEE and Rupa Balsekar, Managing Director & Head Transaction Banking, BNP Paribas India, explain how a bespoke end-to-end cash management solution provided by the bank has transformed ZEE’s […]
Digital Transformation at NH Hotel Group: Checking in to the Future of Treasury
Spanish-based hotel group, NH Hotel Group, was operating a manual, decentralised treasury structure, which was hampering cash visibility and control. Here, Luis Martínez Jurado, SVP Financing & Treasury, NH Hotel Group and Máximo Sanz, Senior Cash Management Executive, BNP Paribas, explain how they collaborated to deliver an impressive digital transformation for the group, resulting in […]
Transforming Treasury Technology at Bombardier
Bombardier Transportation Group has a proactive strategy of investing in leading mobility solutions, capturing global growth opportunities and flawless execution. Vital to achieving this strategy is attracting and retaining key talent globally, demonstrating strong financial discipline, pursuing an active risk management strategy and committing to corporate social responsibility. As the group’s treasury team, we play […]
Making Bank Partnerships Work for Corporate Treasurers
No banks are truly global – all form partnerships to deliver local services to corporates, and how those partnerships are constructed is critical. Corporate treasurers are under pressure to reduce costs, improve efficiency and enhance visibility and control across their global operations. One straightforward way to do this is by consolidating banking services to a […]