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.
Daniel Shaffer's blog
Daniel Shaffer, Senior Global Public Relations Manager
Daniel is a marketing and public relations strategist for global corporates in technology, healthcare, SaaS, and telecommunications with 15 years of experience driving successful communications campaigns. As a champion of brand journalism, Daniel enjoys crafting thought leadership, and continues to experiment with the perfect pitch for media, brand influencers and bloggers. Daniel has enjoyed the thrill of problem solving for startups, growth hacking, and working cross functionally in mature corporate environments.
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.
The future of treasury is clearly digital. Just look to the agendas and speaking titles for the Association for Financial Professionals (AFP), the professional society committed to advancing the success of its members and their organizations, and you will see cloud solutions are the dominant building blocks for the modern treasury professional.
As companies address the challenges of today’s rapidly changing market conditions and business needs, treasury is increasingly asked to support better execution of the broader business strategy. Below we identify six initiatives that corporate treasury functions should be prepared to assist, followed by questions to help financial professionals consider their current state and how their treasury can become a strategic function for the enterprise.
Transforming treasury operations
As the “chief growth officers” in an organization, CFOs play a crucial role in steering the enterprise toward profitable growth. Re-thinking the role of treasury in the midst of rapid growth is required to ensure success in the digital era. What separates winners from laggards is a treasury management system that equips treasury with the ability to take a more prominent role in driving both operational efficiency and execution effectiveness across business units.
Editor’s Note: Kyriba recently announced a record half-year in bookings growth and has seen an increase in demand for its working capital solutions. We interviewed Kyriba’s Edi Poloniato, Global Head of Working Capital Solutions, to find out how companies are benefitting from working capital programs like supply chain finance and dynamic discounting.
Why is working capital optimization more important than ever?