Leveraging Automation to enhance treasury

LEVERAGING AUTOMATION TO ENHANCE TREASURY FUNCTIONS GLOBALLY

Priscila Nagalli, CFA, CTP, Director of Treasury and Capital Markets

As your company expands and evolves globally, so should the automation of your Treasury Management System. A comprehensive strategy is needed on many levels covering everything from learning local regulations, requirements and identifying how operations differ since often regional offices have more focus on general finance matters than overall company liquidity and risk analysis. Entering the international market with a growth agenda designed to support the complexity of a global business with special emphasis on leveraging automation is paramount.

Consider the "why" behind deciding to roll out TMS.

• Decrease over-reliance on Excel, improve controls, and create accurate real-time data management.
• Increase global cash visibility, manage banking requirements and currencies, allow for scalability and risk mitigation.
• Support automation of business needs and staff engagement.
• Allow for everyone to look at one source of the truth

Gaining internal and external support

Internal:

• Build a strong business case that will gain approval for necessary budget allocations.
• Identify and involve all essential groups and people.
• Gain support of teams outside of Treasury by showing them how TMS will solve their issues.
• Use your prioritized business needs as guidelines for all decisions.

External:

• Gather all information needed to support your internal initiatives.
• Leverage relationships, networking, and conferences to gain insight of trends.
• Collaborate with your vendor and consultant. They will provide valuable insight on best practices and options.

Establish an implementation plan

Realistic expectations in treasury and finance are dealt with all of the time and we are experts on this topic. Yield and FX curves, stock prices, liquidity management, earnings expectations, tight controls are part of our daily jobs and we intimately know what happens when expectations aren’t met in these areas. Implementations are no different. Set the right expectations up front with stakeholders, project participants, the vendor and YOU.

As your company evolves, so should your systems. 

By enhancing your global treasury functions, you simplify bank connectivity, improve payment security, lower implementation fees, and achieve optimal long-term structure designed to accommodate your global expansion. The goal is for technology to be used as an integral part of your liquidity and risk management, not just functionally implemented.

About Actualize
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With offices in the US, UK, and Canada we service a global client base. Our deep expertise is in Treasury, liquidity, risk management, payment and accounting solutions. We focus on delivering high client satisfaction and ensuring our client’s need are met.
For more information regarding our services, please visit our website 
(www.actualizeconsulting.com/treasury.html)

Reach out to me directly to schedule a meeting pnagalli@actualizeconsulting.com.