Creating a robust treasury management system in times of market volatility is crucial to ensuring business continuity and liquidity. Read this eBook to discover the value corporate treasury software adds to a business during market fluctuations.
The following are examples of risks in treasury during a recession:
With increasing inflation and rising rates, businesses should proactively improve their abilities to manage turbulent times. They must prepare early before a recession hits and leads to financial losses.
Companies should follow the following steps to stay prepared for recession:
Treasuries can reap these benefits of software for corporate treasury:
The benefits of automated data capture are:
Corporate treasury software allows to:
An agile treasury function is crucial for the whole business to remain competitive. It also helps the team and department prepare for the challenges ahead, such as deciding on the treasury’s future organizational structure, needs, strategy, technology, and partnerships.
Software for corporate treasury improves maintenance of intercompany and notional pool balances. The software easily captures all mirrored and notional bank accounts’ intercompany transactions, balances, and interest.
Financial risk management software enables treasury to:
HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.