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New Treasury Realities

Expect strategic and operational roles to diverge, says Zanders' Sander van Tol

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In the year ahead, the key developments in strategic cash and treasury management will be influenced by four ongoing global trends: standardization, centralization, virtualization and bank independence. The combination of these trends is likely to lead to dramatic changes by fostering a separation between the operational and strategic functions of treasury departments.

Standardization Most companies still face considerable challenges with cross-border payments, reflecting the many different standards involved. The solution is further standardization, and banks, software vendors, standards bodies, regulators and, of course, the corporate community have all been trying to develop one generally accepted payment standard. Despite so many initiatives, including TWIST, Edifact, RosettaNet and the Single Euro Payments Area (SEPA), we have not succeeded in agreeing on one industry standard. However, there is still hope.

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