The following are the common challenges faced by the mid-market treasury :
Manual methods result in ‘dead-on-arrival’ reports. This results in high turnaround time and low bandwidth. This obstructs timely decision-making and prevents teams from focusing on high-value tasks.
As the reports are based on assumptions and are based on stale data, firms overborrow and end up in financial distress because they are ill-prepared for macro-level fluctuations.
Treasury solutions give CFOs clear visibility into managing liquidity, bank accounts, investments, and loans while reducing risks (operational and financial). Moreover, treasury software solutions integrate smoothly with ERP, accounting software, bank accounts, trading platforms, and other systems. The following are five ways automated treasury solutions can help overcome mid-market treasury challenges:
An ideal treasury management solution allows treasury professionals to take complete control of treasury functions and help support the company in meeting its business goals. Here are some benefits provided by automated treasury solutions to counter the above challenges:
A $266M lottery and gaming provider corporation faced these challenges:
HighRadius automated treasury solution provided the following benefits to the company:
The HighRadius treasury solution helps mid-markets in the following ways:
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