Data from a recent HSBC survey titled 'Fit for the future: monitoring transformation to Treasury 4.0' suggests that many treasury and finance professionals believe that Industry 4.0 will be predominantly data-driven, combining the skills of treasury teams and emerging technologies to execute a successful treasury transformation.
BNP Paribas and Kantox’s partnership is testament to the growing cooperation between fintechs and banks seen over the course of 2019. This unique collaboration is a deserving winner of TMI’s 2019 Award for Solution Innovation – FX Risk, helping treasurers to improve their foreign exchange risk management processes by leveraging sophisticated technology, while strengthening their bank relationship
In order to monitor how today’s corporate treasury functions are preparing to transform to Treasury 4.0, HSBC commissioned a survey answered by over 200 corporate treasurers from large-scale businesses around the world. The research delved into the extent of change treasury teams expect, as well as the technology, treasury techniques, and team talent they believe will be transformative in the near future.
From micro-hedging to leveraging data analytics, technology is radically changing the way treasurers manage foreign exchange (FX) risk. Philippe Gelis, CEO and Co-Founder, Kantox, discusses the true value of automating FX hedging, explains what makes fintech-bank partnerships a success for all involved, not least the corporate treasurer.
Zuellig Pharma receives a very high volume of customer remittances at month end, which was causing accounts receivable (AR) reconciliation delays. Zuellig responded by implementing HSBC’s dynamic virtual accounts (VA) solution together with robotic process automation (RPA), which has enhanced throughput, customer satisfaction and the company’s working capital position.
Over the past few years the strategic importance of the treasury function has been enhanced as financial institutions have been required to respond to the rapid pace of disruptive technological change. A failure to embrace these increasingly advanced technologies will result in treasuries falling behind the organisational development curve.