The Typical Treasury Environment
The typical corporate treasury runs on spreadsheets. Spreadsheets organize information and make calculations but have limited capabilities to tie an entire corporate treasury structure into a whole system. The typical treasury environment has these characteristics:
- Spreadsheets
- Multiple banking and investment platforms
- Reporting tools inconsistent or non-existent
- Home grown automation
– Inexpensive
– Not connected (static)
– Manual
– Not secure
– Error prone
– No audit trail
– Access to multiple platforms takes time
– Manage each access point individually
– Training across platforms
– Manually generated in Excel
– Time spent gathering and organizing data
– May be inconsistencies between accounting and treasury reports
– Reliant on an internal expert
– Reliance on IT
– Distributed and inconsistent technical expertise
– Shared maintenance with other departments and priorities
