Modern Treasurer

The Guide to Leading in Turbulent Times

Faced with rising interest rates, threats to economic growth, labor shortages, supply bottlenecks, and growing climate risks, treasurers who stay a step ahead of 5 key trends have an opportunity to lead.

Learn about these trends.

Contingency planning has gotten complicated

Fraud has a new face

Remote treasury is here to stay

Climate risk is here and growing

Centralization and speed will transform treasury

Contingency planning has gotten complicated

Liquidity management and business forecasting face the ever-growing threat of sudden and unprecedented change.

Ask yourself four key questions:

Hover to read each answer

To prepare for operational interruptions, identify priorities in the dissemination of information and assign client management responsibilities.

Can your services withstand widespread dislocation?

Operational shortfalls can be overcome with hardware purchases or software upgrades, but you must also train and prepare employees to take on the tasks of other team members.

Are you hedged if key employees go offline?

Treasurers must identify and fortify critical distribution channels to prepare for disruptions in access to normal receipt or delivery capabilities.

Are your delivery channels resilient?

In the new remote work environment, treasury must ensure the availability of equipment, high-speed connections, and secure digital tools.

Are your operations displacement-proof?

: Planning for the unplanned

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FRAUD HAS A NEW FACE

The pandemic has fueled technology upgrades to support remote work. However, new risks from ransomware and other cyber attacks have also surged.

More organizations are using the automated clearing house (ACH) for payment transfers, but many don’t have the necessary security controls or processes in place for these transfers.

Targeting ACH transfers

The pandemic drove a sharp decline in businesses’ use of paper transactions and check usage, yet 66% of companies experienced check fraud in 2020.

Growing risks behind paper checks

Remote workers have become a vulnerable target. More than 60% of cyber incidents in 2020 were directly caused by employees through social engineering scams, accidental disclosures, or ransomware infections.

Rising cyber attacks

Remote workers often lack clear and effective security policies. As a result, remote desktops, file sharing, and cloud-based applications increase cyber risks.

Increasing operational risks

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: about cyber risk

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Remote treasury is here to stay

Before COVID-19, less than 40% of employees were home-based at least one day a week, but that number has jumped to a whopping 77%. Remote work is expected to remain mainstream as more companies adopt hybrid working models.

Click to learn why.

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: Go in-depth on remote treasury

Plan for two big shifts:

Investment decisions, debt management, portfolio restructuring, and other changes to cash management strategies are helping companies prepare for economic uncertainties.

Unattended scripted file reporting creates efficiencies.

Business forecasts are a whole new ballgame.

Consistent communication is at the heart of morale.

Risks Are Changing

Liquidity is key

The traditional focus on transactional risk with clients and suppliers has expanded. The need for defensive protocols that address both internal and external risk is mission critical.

Watch for four emerging risks:

Hover to read more

Real-time reporting helps treasurers stay one step ahead.

Treasurers are turning to systems that can access and control real-time updates from anywhere by incorporating application programming interfaces (APIs).

Ensuring open lines of communication between managers and direct reports will be key to fostering new ideas, addressing issues, and making colleagues feel valued and supported in a remote work environment.

Treasurers are enabling remote management of payment initiation by automatically populating reports into a company’s enterprise resource planning (ERP) system.

Reassessing risk within receivables and incorporating risks on the supplier side have become vital activities for treasurers.

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Climate risk is here and growing

Until recently, many business leaders assumed that the costly effects of climate change wouldn’t occur for decades. Now, finance teams across industries are being forced to answer the question: Is this business ready?

Understand four risks:

Hover to read more

Treasurers are taking the lead in asking banks about fossil fuel financing policies and how lenders plan to facilitate the transition to a low- or zero-carbon economy.

Loan portfolios reflect elevated transition risk:

Whether public or private, companies should expect increasing pressure from various stakeholders.

Carbon footprints can push up credit costs:

Rather than the direct threat from natural disasters, transition risks can be driven by technology, market forces, or policy.

Transition risks are the focus:

Catastrophic wildfires and weather events have brought attention to supply chains, and finance leaders must work with business partners to conduct risk diagnostics.

Supply chains pose event-driven financial risk:

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: how to mitigate climate risk

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Lead on two fronts:

Successful centralization requires simplifying a range of interconnected activities, including banking, technology, and account structures.

Treasury centralization

Treasury on demand

The technology, workflow, and business changes brought by the pandemic have reinforced the need for treasury professionals to play a critical and strategic leadership role. In this new environment, two major trends are shaping the future and creating opportunities for forward-thinking treasurers.

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: best practices to transform treasury

Data, transactions, and optimized liquidity must be available in real-time to support better, faster, and smarter decision making. This need for speed is accelerating in 2022. Treasurers who have a firm grasp of these trends and stay in front of them will be positioning themselves and their companies for success through the turbulent years ahead.

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Want to learn more about leading in turbulent times?

Get in touch.

Modern Treasurer’s

Explore Solutions

learn more

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated

Centralization and speed will transform treasury

Climate risk is here and growing

Remote treasury is here to stay

Fraud has a new face

Contingency planning has gotten complicated