{"id":5863,"date":"2020-05-20T15:10:53","date_gmt":"2020-05-20T12:10:53","guid":{"rendered":"https:\/\/www.profilesw.com\/insight\/ready-for-the-digital-era-in-treasury\/"},"modified":"2023-06-23T17:20:27","modified_gmt":"2023-06-23T14:20:27","slug":"ready-for-the-digital-era-in-treasury","status":"publish","type":"insight","link":"https:\/\/www.profilesw.com\/el\/insights\/ready-for-the-digital-era-in-treasury\/","title":{"rendered":"Ready for the Digital era in Treasury?"},"content":{"rendered":"

20\/05\/2020 | By Kostas Kotsiopoulos | Chief Commercial Officer at Login SA (Member of the Profile Software Group)<\/strong><\/b><\/p>\n

Amid the COVID-19 pandemic, the expanding role of the treasury function and the accelerated pace of innovation and technology, treasury officers are facing a new reality. This new landscape is urging them to reassess their risks and enhance their visibility getting prepared for multiple scenarios ensuring business continuity. It is therefore obvious that in such volatile times the role of treasury departments becomes even more crucial than ever, in order to be ready for the Digital era in Treasury.<\/p>\n

Treasurers’ concerns post pandemic<\/span><\/h2>\n

According to TMIs recent survey<\/a> treasurers\u2019 main concerns – as shown in the graph below – during the pandemic are focused on liquidity issues, FX volatility, external funding, cybercrime and digital treasury transition. Treasurers who perform effectively in each of these areas now will become valuable strategic advisors, creating further opportunities to influence and drive success.<\/p>\n

Therefore, banks that deployed a fully web-based, API-driven, integrated Treasury Management System equipped with powerful tools for operational efficiency, control and regulatory compliance, are able to focus on their business and strategic objectives, thus weathering the crisis by operating in full capacity, even when working from home. Amongst the key points treasurers must ensure that their IT infrastructure covers is real-time transaction reporting, to respond to cash flow and liquidity management challenges as well as offering to bank\u2019s clients online access to manage their FX risks through Digital channels.<\/p>\n

\"\"<\/p>\n

TMI Survey: Infographic – Treasury Challenges: Covid-19
\n<\/em><\/i><\/p>\n

Digital Transformation for Banks’ Treasury<\/span><\/h2>\n

Wondering how we can help support your Banks\u2019 Digital Transformation strategy in these unprecedent times? Profile Software\u2019s award-winning LIBOR- ready Treasury platform Acumennet<\/sup>, comprehensively responds to your needs, enhanced with a sophisticated, API-based, white-labelled digital solution that operates on-premises or in the cloud and effectively manages Foreign Exchange Risk. It provides clients with all the information needed through dynamic dashboards and can be seamlessly embedded within your current web banking solution to provide an omni-channel experience.<\/p>\n

Interested in finding out more on how you can effectively navigate the current market environment while easily managing multiple exchange rate feeds and ensuring availability of best rates to customers according to the agreed pricing policies?<\/p>\n

Learn more on how we can help here <\/a>or contact us for a demo now<\/a>.<\/p>\n","protected":false},"featured_media":2728,"template":"","tags":[178,363,179,177],"insight_category":[227],"topic":[287],"class_list":["post-5863","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-acumen-plus-el","tag-digital-transformation-in-treasury-el","tag-tms-el","tag-treasury-management-el","insight_category-arthra","topic-treasury-management-el"],"acf":[],"yoast_head":"\nReady for the Digital era in Treasury? - Profile Software<\/title>\n<meta name=\"description\" content=\"In volatile times the role of treasury departments becomes even more crucial than ever, in order to be ready for the Digital era in Treasury.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.profilesw.com\/el\/insights\/ready-for-the-digital-era-in-treasury\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ready for the Digital era in Treasury? 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