Digital Transformation of Treasury is based on a series of in-depth interviews conducted in May/June 2020 with senior treasury executives from around the world. That research is supplemented with data from a survey of 130 senior corporate treasurers conducted in August 2020.
Survey respondents were drawn from four regions (Europe, the Middle East and Africa, North America, Asia Pacific and Latin America) and a broad range of sectors, including Industrials (25%), Information Technology (13%), Financials (12%), Consumer Discretionary (11%), Healthcare (8%), Energy (7%), Materials (7%), Consumer Staples (6%), Real Estate (5%), Telecommunications (3%) and Utilities (3%).
The first chapter of the paper explores how treasurers are using data to become informers, rather than inheritors of business strategy, while the second chapter evaluates the impact the pandemic has had on the digital transformation of treasury. Chapter three digs deeper into the question of data, and how through new technologies such as application programming interfaces (APIs) and machine learning (ML), it can be used to super-charge traditional treasury disciplines like cash forecasting and risk management.
Chapter four recognises that while treasurers have faced challenges around legacy issues such as ‘wet signatures’ and integration of treasury systems with enterprise resource planning systems, the research shows that progress is being made. Finally, the paper explores how virtual accounts and in-house banks are rationalising account structures, while the emergence of fintechs is also broadening the services on offer to corporates.
J.P. Morgan is a trusted partner of corporate treasuries globally as they navigate this new digital landscape. Read about how we helped our client Autoneum to build a real-time treasury system with APIs.
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