Market Analysis: The Future of Corporate Cash Management

Currently banks are confronted with the challenge of being able to offer a wide range of cash management products and services to the corporate market to support different requirements across segments and geographies. Such products and services are typically administered through multiple banking solutions/platforms, all with associated costs and inconsistent customer experiences. Banks must define next steps in their journey towards future cash management services, keeping in mind the growing demand for digitisation, automation, better system integration and an enhanced user experience.

In partnership with TietoEVRY, The Global Treasurer asked a range of corporate treasurers and financial directors about their banking relationships and how banks assist corporates in managing their cash and liquidity. The results were afterwards commented on by experts from several leading banks, bringing in the banking perspective and relevant experience. TietoEVRY, as a payments and cash management software provider, has added its view on how innovative IT solutions and services can address market challenges and support banks in meeting the growing demands of their corporate customers.

The survey report addresses the following questions:

• What are corporate pain points and expectations towards future-proof cash management solutions?
• Are there any regional (or other) differences and what learnings can banks take to ensure their competitiveness in the market today and in the future (any distinctive corporate segments)?
• How to tackle banks’ legacy systems and their compatibility with new technological solutions & requirements?
• How can the use of innovative cash management solutions enhance the business value of banks’ cash management propositions?
• Are there benefits from a centralised cash management approach? Is the market ready for this?

Download your complimentary copy of the report below, to gain all the insights.