Technology can undoubtedly have a transformative impact on treasury, but often this impact refers to managing existing processes more efficiently or effectively. At Worldpay, where a relatively new treasury function had to deal with enormous change, the effect truly has been transformational.
The ICRC is part of the Red Cross and Red Crescent movement which focuses on assistance in war zones or areas with political unrest or military conflicts. Although its treasury department is not in direct contact with beneficiaries, its work is a valuable part of ICRC humanitarian action by ensuring funds donated are available for those in need of protection.
In the world of global philanthropy, financial transparency is the holy grail. When Pathfinder International heard about a solution that would allow tracking of donor funds from initial receipt down to in-country usage at the click of a button, it was a no-brainer.
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.
In April 2018, TMS vendor GTreasury acquired Visual Risk, a leading risk management and treasury software company based in Australia. The goal of the acquisition is nothing less than to create the most comprehensive TMS in the market, offering treasurers unique benefits.