Rise of the machines

Technology is taking over corporate treasuries.

Holding the key to the treasury has always been a position of responsibility, but today’s treasurers are expected to be more than just trustworthy and loyal servants. In the modern global corporation, they are expected to deliver a meaningful competitive edge to the company’s underlying business.

To do that, they rely on complicated computer systems, enterprise resource planning ERP solutions and full-blown treasury management platforms that detail the movement of every single dollar in close to real time, all of which places new responsibilities on the top tier of treasurers. But not all companies are there yet, according to Scott Coffing, chief operating officer of corporations at SunGard, a treasury system vendor.

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