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

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. Corporate treasury for many traditional companies remains burdened with legacy fractured infrastructural and data challenges causing a drag to adoption of innovative techniques. Opportunities are emerging through automation of routine repetitive tasks and while data challenges exist there are aspirations for the more mature/sophisticated treasuries to transition to predictive and decision support tools. Many corporate treasuries consider cost and integration of new technologies within existing platforms as a barrier to their treasury transformation. KEY FINDINGS AND INSIGHTS (cont.) Chapter 2: Data, Technology and Digital Aspirations 7 Low levels of automation and connectivity with Bank Systems currently exists. Despite 68% having TMS in place, only one-third of companies (36%) have fully automated interface between their Treasury System and ERP/GL and only 21% have their TMS fully integrated with Bank Systems. While 90% of companies with revenues greater than 25bn USD have deployed Treasury Management Systems, 62% of those under 2bn USD in size have not. The threat of Cyber attack is now well recognized at C-suite with 98% of companies stating that Cybersecurity is a key concern at Board or C-suite Level. However, 60% are either unclear or don’t have a risk- based assessment process in place.