SunGard Identifies 10 Trends for Corporate Treasury Management
SunGard has identified 10 trends that are influencing how corporate chief financial officers (CFOs), treasurers and other finance executives operate their treasury departments and manage liquidity.
“In order to capitalise on the changes that we’ve seen in our industry, corporations are discovering new ways to harness technology to increase their visibility to cash and to better manage the risks that have become more prevalent, such as foreign exchange [FX], credit, interest rate and commodity risk. Corporations are finding better ways to work with their bank and trading partners by improving transparency to the financial supply chain and streamlining messaging and communications. They are also increasing deployment of treasury technology in private cloud environments, helping them realise greater efficiencies and reduce IT costs,” said Paul Bramwell, senior vice president (SVP), treasury solutions of SunGard’s corporate liquidity business.
The 10 trends are:
“Throughout the world there are transformations taking place in treasury technology. This spans a wide spectrum from dropping spreadsheets in favour of adopting centralised treasury technology to streamlining corporate-to-bank connectivity, which may include managed SWIFT connectivity and eBAM, to working across technology platforms to attain a holistic view of risk. In addition, we are seeing more treasury technology deployments in hosted private cloud environments, which helps remove the weight of IT maintenance from the treasurer’s shoulders and allows for more focus on liquidity management,” said Nancy Atkinson, senior analyst, Aite Group.