Treasuries Warm to Automation


More and more companies are adopting treasury technology, according to early results of a survey being conducted by IDC Financial Insights and consultancy Treasury Strategies. Fifty-seven percent of companies say they use a treasury management system, for example, up from 47% in the previous survey in 2008, and 58% say they use some form of bank account management, up from 50% in 2008.

Jeanne Capachin, research vice president at IDC, says that although treasuries made it through Y2K and the implementation of Sarbanes-Oxley using existing processes, "the financial crisis is what pushed us over the edge in terms of adopting technology."

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