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In order to build greater understanding of the role treasurers are playing in the transformation of their businesses, The Economist Intelligence Unit (EIU), in partnership with EuroFinance, convened a workshop composed of treasury executives across industries to discuss the challenges they face, how they use data and technology to optimise cashflow and visibility of working capital, and what this range of changes means for the future roles of treasurers. To expand on the themes developed in the workshop, the EIU conducted several additional in-depth expert interviews.
Key Findings
- Technology and automation have created a sea change in the information treasurers have and in how they are able to spend their time.
- Strong peer relations help treasurers access the information they need in other parts of the organisation and helps them to promote adoption of projects that benefit the treasury's spend visibility.
- Banking relations have not only become more complicated, but competitive. To reduce dependency, most have back-up providers and are more responsive to alternative vendors.
