Aligning corporate finance, treasury and risk functions require technology that is wired for the new world – built for change and for the way users work. Technology for the new world goes beyond enabling otherwise disparate groups to communicate – it changes the conversation. It gives leaders the mobility they need to drive the organization forward, and empowers groups to work together to deliver shareholder value.

Many companies, however, are still operating with old world treasury management technology. According to Aite Group's Enrico Camerinelli, “Many treasurers already use a standard treasury management system, but these same treasurers may feel constrained by the system's inability to cope with increasingly complex requirements.” With this, companies are seeking technology that will allow them to gain the visibility necessary to make strategic business decisions.

Consulting firm Treasury Strategies marks the inflection point of treasury's evolution toward an intelligence-enabled organization at the global financial crisis – a point when companies could no longer look back if they were to survive in the new world, where crises are the norm and risk mitigation is at an all-time high. If this is where treasury is headed, then it's the end of the treasury management system as we know it.