In an era of digitisation, payments acceleration, and new techniques to exchange and integrate transactions and data, treasurers and finance managers have unprecedented opportunities to modernise corporate payments and bank connectivity.
GN Group explain how their treasury department strives constantly to enhance productivity and add value to the group, describing how it is leveraging new technology to deliver greater efficiency, address changing risks, enable centralisation and provide a platform for growth.
A flagship project to facilitate corporate and treasury strategy at Bombardier Transportation Group was the implementation of FIS’ Quantum 6 treasury management system. Implementation was successfully completed after a steep learning curve for the project team.
Rüdiger Schlecht, BELLIN, asserts that one thing all corporates have in common is the opportunity to leverage a TMS implementation project to maximise the benefits of cutting-edge technology, whilst optimising treasury processes and structures.
Areas like cash forecasting can benefit from new technology that complements legacy systems but it is also crucial to look ahead to new challenges - such as regulatory issues posed by GDPR. The legislation will require a new compliance regime but focus on areas like cybercrime actually present a real opportunity, explains Royston Da Costa, Assistant Group Treasurer, Ferguson plc.
As of June 2018, Hanse Orga Group has become ‘Serrala’ – a new brand for a technology-driven world, but one that still embodies the core values that clients know and expect. As well as rebranding, the company has also launched a new cloud solution and is now offering white-labelled solutions to banks as well.