Corporate treasury faced a variety of challenges in 2022. Rising inflation and interest rates created an economic environment that many in the business had never experienced before, while geopolitical developments and the lingering impact of the pandemic disrupted supply chains and created turmoil in financial markets.
Unsurprisingly, demand for improved liquidity management has increased. Corporates are looking to improve utilization of idle cash balances either to offset cash deficiencies or to fund increased trade volumes, according to Ritesh Jhingan, vice president, global head of cash management at financial software company Finastra.
We should expect to see a step-change in the number of treasurers abandoning traditional banking partners and exploring more innovative partners
Laurent Descout, Neo
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