Discover how treasury managers can leverage the treasury cloud to work effectively on their focus areas: digital transformation, fraud prevention, risk management, and forecast accuracy.
The pivotal focus points for treasury managers in 2022 are:
Treasury managers are prioritizing the automation of laborious and repetitive operations, such as the reconciliation process, embracing centralized online tools through integration, and using the treasury cloud to manage multiple treasury activities.
Treasury managers are emphasizing security and fraud prevention more and investing in technologies like ML and AI for fraud detection and prevention, as well as employee security education and training programs to ensure financial data protection.
Treasury managers are looking to increase their forecasting accuracy with the treasury cloud by up to 400% in the coming years to improve reporting and credibility with C-suites.
However, mid-market treasury managers often cannot focus on these areas due to lean working teams, manual operations, and a lack of technical know-how.
Below are some ways HighRadius treasury cloud software can help treasury managers in the aforementioned focus areas:
Hence, the HighRadius treasury cloud speeds up the digital transformation allowing treasury managers to allocate more time to high-value duties, including performance and KPI monitoring, reporting, and decision-making by automating treasury functions.
This helps identify cash crunches, avoid losses from high borrowing costs, and also aids in working capital management.
Watch our product tour on how HighRadius automates bank reconciliation.
Significant changes are coming for treasury in 2022. Treasury managers need to be on the right track to fulfill the needs of tomorrow’s treasury landscape for the momentum of change and impact to continue.
Watch this webinar to learn how treasury managers can improve their skills and reform current processes to be future-ready in the wake of an upcoming recession.
The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help treasuries around the world achieve end-to-end automation in their forecasting and cash management processes to deliver accurate and insightful results with lesser manual effort.