Digital adoption
Over 60% of respondents see the potential in data analytics, RPA, and AI in the next 2–3 years.
Unlocking technology for a future where the treasury delivers greater strategic value to the organisation
Corporate treasury functions are embarking on a range of initiatives that unlock value for the organisation by embracing innovation. These transformations support all areas of the treasurer’s agenda, with the overarching goal of enabling treasury to better deliver on increasing demands to provide strategic insight. What do changing priorities and evolving technology mean for the treasury function of tomorrow?
PwC’s 2019 Global Treasury Benchmarking Study cultivated the input of over 230 treasury and finance executives in 37 countries to explore the treasury agenda and provide insight into what’s next on the digital treasury journey.
Over 60% of respondents see the potential in data analytics, RPA, and AI in the next 2–3 years.
55% of respondents said that the Group treasurer is responsible for managing payment fraud risk
Beyond functional expertise, 73% indicated strategic thinking as a sought after attribute in treasurers
The importance of capital structure is rising, moving to 4th on the respondent’s agenda.
Only 30% consider their banking strategy and wallet sharing when allocating their business
84% of respondents cited currency risk as a financial risk managed by Treasury.
“The treasury function is continuously evolving. Now more than ever, embracing the digital transformation and building a workforce for the future are paramount for success. By taking steps to digitally upskill, treasurers and their teams are better equipped to support their current and expanding scope of responsibilities, as well the strategic vision for the company at large.”