Balancing Digital Aspirations While Addressing Risk Management Fundamentals: Observations From Citi Treasury Diagnostics

40 INTRODUCTION While the transition to digital treasury through process automation and deployment of emerging techniques to utilize data and data insights is underway, challenges remain. • Shoring up the Fundamentals remain a core focus for treasury; Opportunities exist to attain efficiencies and effectiveness. • Corporates almost universally have fractured Treasury infrastructure. • Low levels of automation and connectivity currently exists between client TMS/ERP and Bank Systems. • Heightened C-suite focus on improving working capital utilization, liquidity planning, and FX risk management. However manual processes abound across Finance and Treasury teams and are ineffective. • Establishing Data Veracity is the prerequisite first step to the digitalization of treasury; i.e., the transition from people based processing to automation utilizing data insights to inform best next action. In this section we discuss: • Utilization and deployment of proven treasury technologies. • Aspirations for digital treasury. • Treasury response to the increasing cyber threat associated with enhanced connectivity and digital techniques.