Corporate treasury teams must have a thorough understanding of processes, procedures and exactly what they hope to achieve when they embark on a corporate treasury digitalization project.
Choosing the right vendor is, of course, important.
“Corporates should be asking vendors difficult questions to understand these differences – questions related to financial transparency, long-term solution investment, revenue growth and even profitability,” says Steve Wiley, vice-president, treasury solutions, at FIS.
The digital potential of the corporate’s banking partners should also not be ignored.
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