Treasury Innovation

Discussions on topics regarding new ideas and processes in Treasury software solutions.

CFOs: Your Global Treasury Teams Are Wasting 5,000 Hours Per Year on Spreadsheets

CFO Treasury, spreadsheets waste 5000 hours

Global treasury teams are wasting an average of 4,812 hours per year using traditional spreadsheets to manage their cash, payments and accounting operations, according to a new Kyriba survey of 100 plus major brands in the U.S. and Europe.

The biggest Excel time-waster, according to survey participants, was getting the daily global cash position, which sucks an average of 1,296 hours per year, followed by treasury-related accounting tasks (1,176), payment fund transfers (960), cash forecast generation (792), and 588 hours per year for other key tasks.

Erik Bratt
July 19, 2018

How Zahid Group’s Transition from Spreadsheets Helped Optimize Cash and Investments

Zahid Group, Zahid Tractor

Headquartered in Saudi Arabia, The Zahid Group is a leader in industrial engineering that has several subsidiaries, including their flagship company Zahid Tractor. For more than 60 years, Zahid Tractor has distributed Caterpillar machinery and equipment to the Kingdom of Saudi Arabia in both private and public sectors. Expanding growth and a demand for optimization of cash led the Zahid Group to search for a modern tresury and risk management solution (TMS).

Daniel Shaffer
July 17, 2018

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