Treasury teams seeking greater technology, says survey
Almost 50% of companies are still dependent on spreadsheets to manage their cash position and forecasting, according to a survey of more than 250 treasury professionals by Kyriba and the Association of Corporate Treasurers (ACT). A majority of respondents stated a wish to have access to more robust technology to perform their roles. The survey also showed that, while the majority of respondents view their role as primarily operational, almost half of all treasury professionals want to provide a deeper level of strategic input into the broader decision-making process.
Findings also show how risk management and regulatory compliance have become the primary concern for major enterprise treasuries.