RECORDING
Key Takeaways
Embrace Self-Service Treasury
The future of treasury management is leaning towards self-service solutions. Philip emphasized, “Self-service treasury is not the future, but it is in the future for sure.” He highlights the importance of adapting to new technologies and methods.
Utilize Excel and BI Tools
Excel remains a vital tool in treasury operations. Wilfred stated, “You can basically run your treasury without a TMS using Power BI connected with API tools.” This shows the potential of combining traditional tools with modern technology for efficiency.
Start Small and Build Incrementally
Mariana advised, “Start with small wins,” emphasizing that digitalization does not need to be overwhelming. Focusing on automating repetitive processes can lead to significant improvements over time.
Know your Tools
Philip noted the importance of being aware of available tools, saying, “Know your toolkit.” This awareness allows teams to use various technologies effectively, including AI and BI tools.
Prioritize and Align with Business Goals
Wilfred highlighted the need for clarity in objectives: “You need to check what are the possibilities of these tools first.” Aligning technology use with business priorities ensures that efforts are focused and effective.
Encourage Innovation and Experimentation
Marianna pointed out the necessity of fostering a culture of experimentation, stating, “You have to take it one step at a time.” This approach allows teams to explore new technologies while managing risks effectively.
