Treasury has never been more visible within the corporation or more responsible for an organisation’s success. In prior decades, treasury- related tasks involved routine work often viewed as a supplementary function linked to administrative duties; as a department, treasury did not demand significant technology resources.
Times have changed. The evolution of treasury management has been fast-paced, driven by functional and technological advancements that cross traditional organisational boundaries. As a result, treasury’s success today depends greatly on the strength of interdepartmental relationships, especially with IT.