Treasured: resources to empower treasurers

Treasurers are changing the world - and given digital transformation, collaborating across departments to inform effective outcomes is on the rise. Treasurers are finding new ways to create value by speaking the language of their peers across the business and leading with influence.

The more the business is challenged, the more treasury involvement should happen.

Kazuhito Hadano
CEO, Sony Ventures Corporation

Leverage
new technologies

Technology can help transform businesses and increase Treasury efficiency in day-to-day tasks, freeing up time to focus on more strategic collaborations. Treasurers who have a foundational understanding of tech in key areas can advocate for solutions that work cohesively with their treasury management systems.

APIs can support digital transformations such as real-time payments and real-time visibility into cash positioning. These innovations can delight both partners and treasurers, but they require treasurers to have a foundational understanding of APIs, so they can advise on where they are more additive to business goals and communicate this to technology teams.

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Consider
user needs

Businesses are increasingly using payments as an avenue towards digital transformation, by creating additive experiences for the customer or supplier on the other side of the transaction. Treasurers who understand users' expectations of omni-channel and frictionless payments can influence the build of an ideal solution.

Businesses now view a best-in-class customer experience as a competitive advantage, much like price or product quality. Payments can help to drive that experience: consumers now expect frictionless, often invisible payments, embedded within their buying journey, and want the ability to connect their experience across channels.

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Know
your industry

Businesses can learn a lot from transformations taking place within their industry. This context helps to illuminate additional solutions that could develop their business, and Treasurers who understand this context can be proactive in helping to build and shape this vision.

Digital payment solutions can provide a myriad of benefits, such as increasing patient centricity, connecting healthcare ecosystems, increasing inclusion in the space and supporting innovation. All of these aid in increased operational efficiencies, driving progress within the industry.

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Risk
perspective

Risk management is an inherent part of the role of the Treasurer, but peers may struggle to understand the need for additional trust and safety layers that fortify against emerging and ongoing concerns.

An understanding of how new technology integrates into preexisting systems can help Treasury identify operational risks, cash flow risks and even potential impacts on credit risk.

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TREASURER ENHANCEMENTS

Enhance
your core skills

Most treasurers understand risk, but their partners may fail to understand the need for additional trust and safety layers that fortify against emerging and ongoing concerns. Beyond understanding the value of new trust and safety tools, treasurers must prepare to communicate around a few key topics with partners.

Flow of funds
The digital economy creates opportunities and challenges for treasurers, like how to handle third-party money, or hold FX in new jurisdictions, which both come with cash management considerations.
Working Capital
Empower your business by unlocking cash in the conversion cycle to redeploy in capital investment.
Cash flow forecasting
Incorporate tools that improve cash-flow forecasting and make it more efficient.

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