How technology is changing the future of treasury
Posted: Sun Jan 19, 2025 10:57 am
Technology is changing the future of treasury . Until now, it was thought that this sector operated only offline, without external interference. However, new trends are constantly emerging and can greatly benefit the area of financial management.
Online treasury: why is it important to know about it?
Manual processes create great difficulties for managers, as they not only require more time, but are also more susceptible to errors. For efficient management of financial resources, it is essential that treasury procedures are executed in an integrated, agile and secure manner.
Here we come to the fundamental point of this article: the treasury manager (and the CFO in general) must always be “aware” of which tools the market offers and which can benefit their company. There is no shortage of examples!
Ph.D in Strategic Management and professor of MBAs and malta whatsapp data Specializations at Saint Paul and other Business Schools, Fernando Ruiz says that it is no longer enough for finance professionals to say that they have knowledge about the area.
“Nowadays, it is impossible to just sit back and think that you already have the knowledge. Professionals need to be constantly updating themselves and staying connected to new trends. There are several distance learning platforms with emerging themes that can help professionals bring this knowledge into the company. This way, they can try to generate more value or make the company more efficient or even make risk management more efficient, minimizing threats to the company,” he explains.
Data analysis, artificial intelligence and management techniques are some of the technologies that are causing the technological revolution in treasury.
Another good example is those linked to the internet of money. “This means that when talking about new money, such as cryptocurrencies, the manager must analyze when the company should invest in it or not,” adds Ruiz, who is also the Founder and Executive Director of NeoStrategy.
Data analysis to make the right decision
The world is generating much more data today than it did decades ago. Much of this data is available, but much of it is not used due to a lack of knowledge on the part of managers.
Online treasury: why is it important to know about it?
Manual processes create great difficulties for managers, as they not only require more time, but are also more susceptible to errors. For efficient management of financial resources, it is essential that treasury procedures are executed in an integrated, agile and secure manner.
Here we come to the fundamental point of this article: the treasury manager (and the CFO in general) must always be “aware” of which tools the market offers and which can benefit their company. There is no shortage of examples!
Ph.D in Strategic Management and professor of MBAs and malta whatsapp data Specializations at Saint Paul and other Business Schools, Fernando Ruiz says that it is no longer enough for finance professionals to say that they have knowledge about the area.
“Nowadays, it is impossible to just sit back and think that you already have the knowledge. Professionals need to be constantly updating themselves and staying connected to new trends. There are several distance learning platforms with emerging themes that can help professionals bring this knowledge into the company. This way, they can try to generate more value or make the company more efficient or even make risk management more efficient, minimizing threats to the company,” he explains.
Data analysis, artificial intelligence and management techniques are some of the technologies that are causing the technological revolution in treasury.
Another good example is those linked to the internet of money. “This means that when talking about new money, such as cryptocurrencies, the manager must analyze when the company should invest in it or not,” adds Ruiz, who is also the Founder and Executive Director of NeoStrategy.
Data analysis to make the right decision
The world is generating much more data today than it did decades ago. Much of this data is available, but much of it is not used due to a lack of knowledge on the part of managers.