Treasury Management systems, no doubt, enable companies to manage treasury operations globally, efficiently. When correctly used, the benefits are immense. However, there is a risk that the system turns obsolete, if there is no complete buy-in from users.
Looking at the ubiquity of smart-phones and the high level of functionality available through apps, we are exploring how enterprise-systems may evolve.
Asia is booming, and it is not just Asian companies but also global companies with operations in Asia. Regular readers of Singapore’s leading daily business publication, The Business Times, will recall an article published earlier in July discussing survey results from PricewaterhouseCoopers’ inaugural Asian-focused treasury survey.
Recently, I had come across a 2011 article published by McKinsey and Company titled “Five steps to a more effective global treasury”. It found that nearly half of the companies surveyed with less than $10 billion in revenue still used spreadsheets as their primary treasury system.