Aligning corporate finance, treasury and risk functions requiretechnology that is wired for the new world – built for change andfor the way users work. Technology for the new world goes beyondenabling otherwise disparate groups to communicate – it changes theconversation. It gives leaders the mobility they need to drive theorganization forward, and empowers groups to work together todeliver shareholder value.

Many companies, however, are still operating with old worldtreasury management technology. According to Aite Group's EnricoCamerinelli, “Many treasurers already use a standard treasurymanagement system, but these same treasurers may feel constrainedby the system's inability to cope with increasingly complexrequirements.” With this, companies are seeking technology thatwill allow them to gain the visibility necessary to make strategicbusiness decisions.

Consulting firm Treasury Strategies marks the inflection pointof treasury's evolution toward an intelligence-enabled organizationat the global financial crisis – a point when companies could nolonger look back if they were to survive in the new world, wherecrises are the norm and risk mitigation is at an all-time high. Ifthis is where treasury is headed, then it's the end of the treasurymanagement system as we know it.