With an overarching theme of ‘resilient treasury’, EuroFinance’s recent International Treasury Management Conference provided insight into how treasurers can achieve operational excellence, through the exploration of themes ranging from sustainability to cybersecurity.
In any industry, the selection process is a task that requires a careful and considered approach. The necessity to hire the right person is made even more pertinent within corporate treasury, due to the comparatively small size of most treasury teams. A focus on formal succession planning allows organisations to not only prepare themselves for future staff fluctuations but encourages participation from individual employees.
Next generation treasury functions will work in real-time, with highly integrated, automated systems. Treasury teams will leverage intelligent tools; data will power forward-looking decision-making; and manual legwork will give way to strategic thinking. But how can treasurers deploy innovations associated with the Fourth Industrial Revolution, also known as Industry 4.0, to work towards this vision of Treasury 4.0?