The combination of better, increasingly real-time data and easier, more bespoke ways of exchanging this data, has an alchemic effect. Increasingly, treasurers’ role becomes less one of transaction execution and more one of analysis to drive value-added decision-making.
Thanks to advances in mobile security and evolving employee demand, treasurers are beginning to see the benefits of allowing treasury staff to access their company’s corporate banking portals on their phones.
Industry 4.0 is changing the way businesses operate and compete, powering a new breed of treasury management solutions and strategies. Without a robust understanding of the challenges and opportunities that Industry 4.0 – and importantly Treasury 4.0 – brings, companies risk losing their competitive edge.