A Day in the Life of a Treasury Robot

A day in the life of a treasury robot :

• 6:00 AM – Bank Data Gathering with APIs and RPA: No coffee break needed! This robot uses APIs for smooth data retrieval from various banks, and Robotic Process Automation (RPA) for banks without APIs. It imports everything into the system and initiates reconciliation, leaving only exceptions for the human colleague to handle later.
• 7:00 AM – Updating FX Rates with API Integration: Staying globally aware, the robot updates FX rates using an ECB API, ensuring accuracy in financial operations. It double-checks and flags any suspicious rates for human review.
• 8:00 AM – Updating the Cash Flow Forecast: Predicting the financial future, the robot analyzes bank accounts, ERP, CRM, and historical trends to create a draft cash flow forecast. The human colleague then makes adjustments for a final, informed decision. The robot can even identify patterns and late payers for extra insight.
• 10:00 AM – Crafting the Weekly Report: Data transformation magic! The robot utilizes Power Query to craft insightful reports on cash movements and liquidity. They’re automatically visualized in Excel and Power BI, ready for human review and email delivery to management.
• 1:00 PM – Counterparty Risk Management and Anti-Fraud Checks using APIs: Security first! The robot conducts counterparty risk analysis through credit scoring APIs and validates supplier bank details, ensuring financial security and integrity.
• 2:00 PM – FX Risk Management: Managing currency exposure like a pro, the robot analyzes upcoming payables and receivables in various currencies. It determines necessary trades that align with company policy and suggests them to the human colleague for approval before execution.
• 5:00 PM – Optimizing Overnight Deposits for Yield Maximization: Before closing time, the robot analyzes investment opportunities to suggest the best strategy for maximizing overnight deposit yield. While execution awaits future capabilities, imagine the efficiency!

Read the full blog to learn more about the potential of treasury robots and how these “software robots” work together to create a powerful financial automation tool!