According to a survey, 47% of organizations reported an increase in their organizations’ cash and short-term investment holdings in the past 12 months. Also, organizations continue to maintain slightly more than half of their short-term investments in bank deposits. This exposes organizations to liquidity risk.
Liquidity crisis in an organization could lead to inability to yield higher interest rates. Hence to avoid counterparty risks Treasurers should create a structured mechanism for tracking pending and emerging compliance concerns.
In episode 6 of Treasury Tuesdays in under 10 mins, Ankit Goel, Associate Director, Digital Transformation, HighRadius will delve into the intricacies of setting counterparty boundaries to improve internal operational compliance.
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.