Corporates risk missing out on efficiencies and costs savings if the simply rely on their banks to deliver blockchain innovation, warns Grainne McNamara, principal advisor at PricewaterhouseCoopers (PwC).
So you’ve decided that it’s time to invest in a new treasury management system. What now?
The modern treasurer lives in a connected world, having to deal with real-time market information, make immediate decisions, and manage a large number of banks, subsidiaries and providers. Yet, many treasury platforms may still lack the ability to provide collaborative instantaneous work.
Blockchain will transform financial services according to 91% of participants in a survey by Cognizant, but 56% of businesses think collaboration will be a key challenge when using the technology.
The problems associated with spreadsheets are well documented. From the risk of errors to the lack of security controls, there are many reasons why treasurers should avoid using spreadsheets as their primary management tools.
While there are many treasury technologies available to treasury teams, these solutions fall into one of two categories: All-in-one or best of breed.
The only way PSD2 will function effectively and securely, will be through the mobile banking application itself. However, the directive does not specify how secure this access will be, nor, what risks will arise, and for who.
Plenty of attention has currently being given to the new S/4 HANA, a business suite that is built on SAP's proprietary operational database system and in-memory computing platform called SAP HANA. But what are the drivers for treasury to migrate to S/4 HANA?
The treasurer of Sysco Corporation argues that the best way for corporate treasurers to connect to the SWIFT Network is via a SWIFT Service Bureau.