Cheap computing power and AI have transformed finance, helping treasurers automate and simplify routine processes. Now treasurers are using the latest tech advances to gain even greater business insights.
Read Treasury Megatrends: From Lean Process to Intelligent Automation to learn how you can take advantage.
WHAT’S DRIVING THIS TREND?
Three types of intelligent automation are boosting working capital, cash forecasting, receivables FX hedging and other areas.
Robotic process automation (RPA)
Automation of manual steps across systems, now widely used in shared service centers (SSC).
Increasingly seen in areas that rely heavily on algorithms.
Allows models to recognize patterns in structured and unstructured information and adapt accordingly to improve performance over time.
ABOUT OUR TREASURY MEGATRENDS SERIES
Tech innovation is transforming treasury. That’s why our Global Transaction Services Advisory team created Treasury Megatrends, a new series of articles to help make your treasury more intelligent.
ABOUT THE ADVISORY TEAM
Our Global Transaction Services (GTS) Advisory team consists of former corporate treasurers and practitioners, combining decades of treasury experience. With 10 members located across the globe, we offer advisory services to our most valued clients to help them meet their strategic goals.
GTS Advisory insights can include subjects such as working capital optimization, M&A, operating models, risk management, capital strategy and innovation. Support is often hands-on and onsite, and our advisors frequently help clients build strategic treasury roadmaps, inform capital or hedging strategies, or prepare change management business cases. We deploy the team as necessary to help address short-term challenges, as well as to realize long-term treasury objectives.