Technology moves in one direction:forward. These days, the advances in treasury technology includeproviding companies with strategic insights, embracing big data andthe cloud, and making it easier for companies to handle everythingfrom payments to bank account management.

Joe Siu, director of financial risk management for ChathamFinancial in Kennett Square, Pa., says the goals of treasurytechnology have changed. “The innovations now are more about howfunctionality is delivered instead of what is delivered,” Siusays.

While the past decade has been dominated by a drive forefficiency and automation, the next decade “will have more to dowith delivering strategic insight and improving competitiveness,”he predicts. A company with sophisticated currency risk management,for example, might be able to win more business by selling in adifferent currency than its competitors.