Insights & InterviewsNew research finds Asian treasurers most focused on payments efficiency

New research finds Asian treasurers most focused on payments efficiency

56% of treasury professionals in Asia say that optimising existing payment processes is their top priority, according to a poll conducted by TMS specialists Reval.

56% of treasury professionals in Asia say that optimising existing payment processes is their top priority, according to a poll conducted by TMS specialists Reval.

The research also found that only 9% of treasuries have fully automated payment workflows and straight-through processing to multiple banks, whilst 26% are still handling payments manually using spreadsheets. This approach has been described as “burdensome,” “inefficient” and “error-prone,” by Tony Singleton, Reval’s Managing Director for Asia Pacific.

Referring to the poll results, Singleton added: “As Asia has a diverse financial sector with dynamic emerging markets, handling payments is far more complex than in Europe or the Americas.”

The poll was conducted as part of Reval’s webinar, “Keeping Pace with the Evolution of Treasury Payments.”

Related Articles

Talking about trends in treasury recruitment

Insights & Interviews Talking about trends in treasury recruitment

1m The Global Treasurer
Using neuroscience to create business change: SAP Ariba Live - Day 3

Insights & Interviews Using neuroscience to create business change: SAP Ariba Live - Day 3

4m Victoria Beckett
"The architecture of financial markets has changed": Stefan Bielmeier, DZ Bank

Automation "The architecture of financial markets has changed": Stefan Bielmeier, DZ Bank

5m Victoria Beckett
Treasury TV: Jill Harrison, Whitbread Plc

10 Minutes With The Treasury Treasury TV: Jill Harrison, Whitbread Plc

6m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

6m Victoria Beckett
Treasury TV: Building a case for an improved financial system with blockchain

10 Minutes With The Treasury Treasury TV: Building a case for an improved financial system with blockchain

6m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
GTNews' 20th anniversary: The evolution of trade

Banking GTNews' 20th anniversary: The evolution of trade

6m GTNews