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The ongoing Covid-19 pandemic has created a host of unprecedented challenges for almost every aspect of the treasury function. Nevertheless, working in conjunction with their bank(s), treasurers can armour their teams against many of the challenges.
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.
Treasurers are starting to explore how automating their transactional foreign exchange (FX) workflows could bring significant benefits in a post-pandemic environment. What digital tools can assist?
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