Real-Time Treasury

Generally, people have acknowledged that the pandemic led to a global digital transformation of business. Part of the transformation was driven by a shift towards home working, making it necessary for companies to invest in technologies that would react instantly to their new needs.

Corporate treasury departments felt the impact. Suddenly they faced the prospect of managing organisation-wide cash, liquidity, and other risks from home.

For many of them, the pandemic emphasised the shortcomings of traditional, manual ways of collating information on cash from across their organisations.

Treasurers quickly realised they needed more immediate insights into their liquidity and overall financial positions, which meant visibility across all bank accounts, payables, receivables, and instruments globally.

In this context, it is worth assessing how treasurers can move forward now by deploying greater automation and new technologies to meet growing demands for accurate and timely information on both corporate cash and cash flows.

"On a day-to-day basis, we also needed to know how our customers would be impacted. Some, like restaurants, were going to be hit harder than others, so we had to consider how we would support them."

Yang Xu, Group Treasurer at Kraft Heinz