There’s no getting away from the fact that cash forecasting is a vital, core functionality for treasury operations. No organisation, regardless of their size and sector, can afford to lose sight of their cash and liquidity positions – yet in an increasingly complex business landscape, this can be easier said than done.
Unbelievably, Kodak has created its own ‘Kodak moment’ worthy of going in the blockchain industry’s family album by announcing the launch of 'KodakCoin'. Even though the Kodak press-release is suspiciously light on details, this is perhaps not as bonkers a move as it first appears. Distributed ledger technology was designed to track assets, and valuable images and digital rights management seems a natural fit.
When Mark Cuban declared that "Data is the new gold" he highlighted why information is possibly the most valuable asset a business has. APIs are the unsung heroes that make it possible to extract that value.
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.