Technology review: Freeing treasury to add real value

New technological solutions are helping treasurers get back to the real business of treasury rather than spending most of their time collecting data. By Jack and Wolfi Large.

New technologies can save the corporate treasury department time and money and can also, some experts suggest, help in the battle against global warming, but only if they are used sensibly and effectively. The focus of new technologies, systems and services is continually changing.

Gartner Research estimates that 75% of a treasury department’s time is spent on collecting data.