Treasury departments face challenges from regulatory changes and socioeconomic parameters. Technology can help treasury departments overcome these challenges by automating processes, streamlining operations, and providing real-time data analytics.
Date published
June 28, 2023
Company
Profile Software
Over the past years, Treasury departments have been greatly affected by the continuous changes in regulatory frameworks as well as from socioeconomical parameters. These could range from remote access and automation to Libor changes. Technology plays a pivotal role in best managing such changes as it sets the ground to build the structure that will affect operational and legal sectors. The main objectives are to automate and streamline processes whilst enabling officers to improve their operations and performance. Areas affected by the recent changes, concern:
• Market Data Analysis
• Cashflow Management/Forecasting
Technology and digitalization, cash management and forecasting, real-time processing, and data analytics in decision-making are crucial to the department’s operation.
How are these elements affecting Treasury and what are the elements to overcome such challenges?
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