Technology-driven modernization has many benefits for a treasury group: TMS systems can create efficiencies and reduces manual tasks; APIs can be used to help transaction speed account visibility and risk management; and the improved cash management which is often an outcome from technology use can help maximise the value of their cash reserves.
However, technology always requires investment, which can be tough for treasury groups to secure when the benefits of such investment – especially in a challenging global business environment - can often be seen as intangible.
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