Is your Treasury Truly Agile?
Given the complex nature of operations, treasurers necessarily need to depend on real time information to take informed decisions. From technical charts to macroeconomic indicators such as the inflation index, CPI and PPI numbers, employment data, intelligence driving technology is key. Treasurers also need to rely on decision support systems and analytical tools to enable agile decision-making. It won’t be incorrect to state here that technology has proved invaluable for market research and to develop mathematical models.
I believe that treasury technology should strive to keep pace with the constantly evolving business environment. Today, IT heads seek to establish state-of-the-art trading floors embellished with Reuters, Bloomberg, dealing screens, best of breed management systems, algorithmic trading platforms, dedicated hotlines, flashy LCD screens and possibly every other modern day gizmo that can fit into the treasury landscape. There is also increased focus on leveraging technology to manage risk and regulate markets. Intuitive dashboards, complex pricing, structured deals, VaR calculations are all being driven by technology. After all, as treasury operations by their very nature are extremely complex and in a state of constant flux. The key is to have the best brains maneuvering treasury operations, enabled by the best technologies. However, besides selecting the appropriate technology, it is critical for the bank to use it appropriately to achieve the desired business outcome.
Taking this theme forward, I am authoring an article which will be featured in the next issue of FinacleConnect. So stay tuned to learn why treasurers have no choice but to adopt leading edge technologies that can help them gain the agility so critical to conduct business in today’s hyper-competitive market.
