UK finance chiefs and treasury teams are navigating impending regulatory compliance issues as well as the uncertainty of complex Brexit scenarios. Understanding the implications of key regulations will be helpful to build a compliance strategy. While some compliance burdens are directly related to banks, the knock-on effect is that corporates are not able to readily access cash. Additionally, organizations who are reliant on spreadsheets to manage their compliance obligations are too lean to deliver critical decision support to help reach growth objectives.
Treasury professionals and finance leaders in the Middle East certainly face their share of challenges, from concerns about payment fraud and counterparty risk to the time-consuming management of trade finance instruments such as letters of credit and bank guarantees. Meanwhile, many corporates in the region work with as many as 100-150 banks, leading to significant obstacles where cash visibility and connectivity is concerned.
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.