In recent years, treasury teams have faced one new challenge after another, from the global economic slowdown to a steady stream of new regulations, to low or even negative interest rates. Amid those challenges, they've looked for more assistance from their treasury technology, and vendors have responded.
"The treasury systems are evolving because the corporate treasurer is evolving," said Enrico Camerinelli, a senior analyst at technology consultancy Aite Group.
The changes in treasury management systems range from improved analytics to additional risk management and compliance capabilities. Treasury systems are also expanding into new areas such as supply chain finance and trade finance, and technology companies are also beefing up their systems' mobile capabilities.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
