Citi Perspectives Fall 2019

60 | Treasury and Trade Solutions Citi Perspectives  | 61 cash can be invested automatically for optimum risk and return based on trusted data feed. Treasurers looking out five years and beyond must be prepared to manage liquidity 24/7 and to automate more of their decision-making. Machine- powered forecasting and prescriptive analytics, plus AI-enabled decision- making and deal-making, will all be part of the treasurer’s toolbox of the future. “We are seeing a truly generational shift in liquidity management. The traditional view of end-of-day balances, daily interest payments, and currency cutoff times, will disappear as we transition into the exciting arena of real-time, instant liquidity, bringing ever more efficient working capital and liquidity management to our clients across our (and their) full global network,” says Mark Smith, Global Head, Liquidity Management Services, Citi. Partnering for the future The shift to a fully-automated treasury and real-time liquidity and risk management will progress differently across industries and enterprises. Treasuries that embrace the changes being brought about by fast-moving technological developments will both excel and play a more strategic role in their businesses. What’s more, the evolution of treasury systems and tools will be boosted by deeper linkages between ERP and TMS providers with major financial service providers. As treasurers adapt to a quickly changing treasury ecosystem, they can look to trusted banking partners and treasury platform vendors to help them plot a sound course for the future. Treasurers looking out five years and beyond must be prepared to manage liquidity 24/7 and to automate more of their decision-making.