In a world that’s in flux, treasurers are under pressure. They and the companies they work for face change from many directions – whether it be economic, technological or demographic.
Not only is the world facing a shift of economic power from West to East, with a parallel rise in trade tensions, but also new technologies are rapidly evolving. They are driving a new industrial revolution, which will possibly be the fastest-moving ever.
As custodians of payments, cash and liquidity, it’s up to treasurers to maintain control and visibility at a time when current ways of doing things may no longer fit. Treasurers must support their companies as they expand into new geographies and deploy new business models suited to a changing world.
While the boardroom decides on the strategy to take advantage of tomorrow’s opportunities and mitigate its challenges, treasury must design and implement the policies, practices and systems that underly them. Centralised control and visibility must be combined with best practice globally, regionally and in local markets, as well as the dictates ofnew revenue streams.