The Future of Corporate Treasury

13 The Future of Corporate Treasury “Considering different requirements between for instance HQ and local treasury teams, we are moving toward a hybrid solution for clients who can have a local, on-premise installation that is real-time mirrored to a cloud solution.” “The end user can then either work, for example, locally when in the office and via the cloud when travelling. This will allow for maximum user flexibility to increase customer experience.” “The application of new technologies and applications will have a significant impact on all financial processes. However, full automation of process can only occur when data is always accurate and correct, not when it’s correct in 99 of 100 cases.” Sven Lindemann Chief Executive Officer, Serrala Group Christoph Dubies Chief Strategy Officer, Serrala Group Fintech is trickling in the treasury technology market. The emergence of new technologies has given rise to a vast number of smaller startup companies in the fintech space, which are now starting to have an impact on the treasury technology environment as well. These fintech companies are often relatively young and small organizations focusing on a niche area of treasury. In combination with a more agile decision-making process, this allows them to follow market developments and new regulations more closely. Fintech companies are typically focusing on the pain points that traditional technology vendors are struggling with, such as improving cash flow forecasting using APIs and machine learning or smart treasury contracts using distributed ledger technology (DLT) and are in this way playing right into some of the more immediate needs of corporate treasurers. Currently many of the successful fintech providers are distributed or acquired by traditional technology vendors or large banks, because in most cases multinational corporates prefer indirect contracting to minimize counterparty risk. Furthermore, such a collaboration between a fintech company and a legacy vendor or bank, will help the startup to achieve accelerated growth, approach new clients through different channels and benefit from faster distribution and onboarding. “With technology as a tool that enables efficiency, treasurers are looking for the right ’tool kit‘ to add treasury value. Our mission is to make working with multiple banks via APIs easier and more efficient. This process is never finished, every day we try to make it easier and simpler.” Jorge Schafraad Chief Executive Officer, Cobase Fintech companies are typically focusing on the pain points that traditional technology vendors are struggling with, such as improving cash flow forecasting using APIs and machine learning or smart treasury contracts using distributed ledger technology (DLT) and are in this way playing right into some of the more immediate needs of corporate treasurers.