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.
Avalon Healthcare required a new TMS provider in order to tackle a number of pain points left unresolved by their previous provider. Solutions to these issues were delivered by TreasuryXpress, with the vendor catering to Avalon’s complex and specific needs.
TUHF Limited has contributed significantly to the regeneration of neighbourhoods in urban decline. However, as a non-banking financial services organisation that relies on borrowing capital to on-lend, not having sufficient debt to fund the business is the company’s biggest challenge.
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.
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.