Employing financial technology solutions has become a comfortable and productive way of life for many corporate finance leaders, who increasingly rely on these cloud applications to optimize and enhance a core piece of their jobs, from treasury to accounting and beyond.
Cloud and SaaS
Companies used to offer working capital or (supply chain finance) programs to their suppliers primarily in conjunction with a single bank. That was great for the bank, of course, because it allowed the bank to set the terms of the working capital program, to tie the company into a close, long-term relationship, and to gain maximum benefit from lending money to the company’s suppliers while only taking on the credit risk associated with the company itself. The company in question would, of course, usually be a multinational, large or mid-market business with a good credit rating.
Editor’s Note: For this installment of our multi-part blog series, profiling CFOs who are leveraging treasury to drive strategic change for their organizations, we focus on Sachio Matsumoto, executive vice president and chief financial officer of the LIXIL Group Corporation. Matsumoto discusses the changing role of treasury and why treasury should contribute to day-to-day business processes.