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

54 KEY TAKEAWAYS FROM THIS STUDY The advent of new digital technologies and the evolution of financial services has prompted corporate treasury to rethink the techniques deployed to manage risk and how, with treasury’s broad access to company data, it may best utilize emerging solutions to offer business insights. Effective treasury policies, delivered through processes and procedures, managed through key performance indicators is arguably the foundation for achieving financial risk management objectives and a best-in-class treasury function. While the transition to digital treasury through process automation and deployment of emerging techniques to utilize data and data insights is underway, challenges remain. Establishing Data Veracity is fundamental to realizing opportunities and partnerships are increasing in importance. Broad client interest in “all things digital” in treasury and finance, including automation, emerging technologies, and data-led insights. However, we should not lose sight that many companies still need to resolve Treasury fundamentals and challenges in their broader Finance organization. Depending on factors such as treasury maturity, legacy infrastructure, appetite to automate and level of aspiration for the role in which treasury will play, new playbooks for treasury are now emerging to achieve the next level of performance.