Technology is enabling treasury leaders to move away from daily transactions and serve as strategic counsel for their CFOs. The advent of some of the new-age practices driven by robotic process automation (RPA), AI, and big data analytics, and their adoption, has made a big difference to trends in treasury management both for corporate treasury and treasury functions at banks and financial institutions.
The integration of the treasury workflow with that of corporate procure-to-pay and the order-to-cash cycle is currently driving significant synergies in the transaction banking arena. Whether with liquidity forecasting, payments, settlements or with pure reconciliation, the savings driven through integration are significant. This ability to have online connectivity of banks with corporate treasuries has also created the need for a more agile and effective use of working capital, with a better outlook of the risk.
Similar, high-accuracy micro-cash forecasting with predictive analytics, real-time cash reconciliation and posting using artificial intelligence (AI), and enhanced digital collaboration with trading partners using the power of 5G networks are helping treasury teams to automate and eliminate delays from time-sensitive tasks completely.
To put the spotlight on other key developments, Financial Services Review illustrates how treasury management solution providers and services companies are leveraging the latest technologies to help treasury organizations. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Scot Hansen, Enterprise Data Governance Director at Farm Bureau Financial Services; Filippo Casagrande, Head of Insurance Investment Solutions at Generali Asset and Wealth Management; and Mark Brown, Chief Security Officer (CSO) for SouthState Bank.
In this edition of Financial Services Review, we also bring to you the story of some of the treasury management solution providers and services companies. The story of AIR Asset Management particularly stands out for deploying investment strategies curated by a crosssection of fund managers, specialists, and thought leaders. Equally commendable is Bankers Trust’s story, serving the personal and business banking, lending, and wealth management needs of the community.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the treasury management segment. We would like to know your thoughts.
