Editor’s Note: Ernst & Young Global Treasury Advisory Services recently sponsored and participated in Kyriba Live! UK 2018, Kyriba’s annual client and partner conference in London. The event, one in a series of Kyriba’s international client conferences, brought together treasury and finance professionals from across Northern Europe for a day of thought leadership presentations from industry consultants, treasury and finance experts. Valerio Trinchi, EY senior manager, spoke on the value of modern technology along with senior executives from leading global organizations. Following the conference, Trinchi shared considerations that can help a company identify its place in its digital journey and evaluate if it is truly accelerating growth opportunities, reducing risk, and streamlining processes in order to support an evolving business.
As companies address the prospects and challenges inherent in today’s evolving business environment, treasury is increasingly asked to support execution of the broader business strategy through a variety of initiatives. Financial professionals are well positioned and need to be key players in the strategic function of the enterprise–particularly along the company’s digital journey.
Related reading: 10 CFOs Sound Off: The Value of Treasury-led Finance Transformation
Valerio Trinchi, senior manager at EY, suggests considering the following in evaluating the progress of digitization at your company:
- How does your treasury effectively and cost-efficiently support the needs of the evolving business?
- What is your company’s strategic plan for treasury technology?
- How does your treasury’s control environment address emerging risks?
Next month: Trinchi identifies six areas to determine how your treasury function can create maximum value for your company.