This new technological environment is a win-win for corporate treasury. Increased automation, integration and the Internet help companies reduce costs. The scalability of technological processes enables companies to accommodate growth without adding staff. Integrated ERP systems are providing treasurers with more information, more accurate information and more timely information. This significantly improves their ability to make decisions.
Quality is also on the rise, due to the quick proliferation of best practices.
The centralization of reporting and transaction initiation into shared service centers is giving many companies increased control and knowledge. Integrated global treasury systems help maximize liquidity, increasing both revenue and control. Centralization and improved information systems are also helping treasurers reduce risk. This integrated supply chain management enables treasurers to focus on value-added questions, as opposed to simple cash management concerns. Still, achieving this vision of fully integrated, global treasury management is no easy task.