Advantage Evolution

Overview

The Treasury function is moving from routine reporting to embracing predictive analysis and fundamental business forecasting. In many businesses this is already a reality and the function has become more strategic.

Deloitte's 2019 Treasury Technology Market Intelligence report outlines the principles of a successful future state Treasury technology strategy and design and provides a critical overview of available technologies, including a consolidated view of the Treasury Management System (TMS) market.

It aims to help companies answer these three key questions:

1. How should a business map out the Treasury journey, and what is the chosen destination?
2. Which of many competing Treasury applications are relevant to the business?
3. How should businesses go about evaluating technology vendors and implementing their servcies?

Key findings

The Treasury technology challenge is an opportunity to deploy creative solutions that deliver simple, transparent, and efficient Treasury processes. Internal and external pressures are combining to demand both cost reduction and more financial visibility from the Treasury function primarily through automation.

To meet these pressures, companies need to conceptualise and plan their Treasury transformations around three important principles: understanding the technology, understanding the vendor market, and setting a clear Treasury technology strategy.