Blog Posts

In my decades of experience in treasury professional, handling KYC regulations and smoothing the client onboarding process were some of the greatest challenges I encountered — in large part due to the siloed and disparate nature of legal entity data. Gathering relevant entity information is vital to both processes, but with the data spread between…

Of all repetitive processes that most treasurers are familiar with, cash reconciliation is by far the most time-consuming, according to the Process Automation in Accounting and Finance study completed by the IMA. What’s worse: because reconciliation is often such a manual process, the end result can be riddled with errors. In fact, nearly a third…

Legacy Treasury Tools get the job done … for the most part. What does it take to get there and what are you missing out on? Is there enough value in modern tools to motivate early adoption? The Long Road of Legacy Technology   Legacy treasury tools are built to be flexible, but that flexibility…

For treasury professionals and finance leaders alike, transaction data makes up the foundation for many of their key decisions. It’s why we spend so much time and effort on cash reconciliation, generating cash flow reports, and calculating cash forecasts. These vital tasks are often made challenging by disorganized categorization.   This can be due to inconsistencies…

Most businesses operate with some version of a treasury management system (TMS) — even if it’s a collection of spreadsheets. While these systems help teams track and manage transactions and cash flow, they don’t offer any systems to monitor the bank accounts and other legal entities connected to those transactions. In this post, learn how…

On Monday, October 19th, 1987, the global stock market unexpectedly crashed. The event became known later as Black Monday and resulted in an estimated $1.7 trillion loss worldwide. In its aftermath, businesses in every industry struggled to keep enough cash on hand. The then-CEO of Volvo, Pehr G. Gyllenhammar, popularized the expression that neatly summarized…

Banking APIs have revolutionized modern treasury management by enabling seamless integration and real-time data connectivity between banks and corporate treasury systems. These APIs serve as secure digital bridges, allowing treasurers to access account information, initiate transactions, and manage cash positions across multiple banks through a single location. In the past, treasurers relied on manual processes,…

When it comes to traditional cash management tools, treasurers face a slew of challenges. Manual processes and static spreadsheets create inefficiencies, are prone to errors, and lack real-time insights.  These obstacles make it difficult to get a comprehensive picture of the organization’s financial position and make informed, strategic decisions.  Treasury teams need modern, dynamic tools…

Treasury professionals know that cash reconciliation is an essential part of cash flow management for any organization. It shows the company’s cash position, identifies errors or fraud, and allows management to make informed, strategic decisions based on the most up-to-date information.  Unfortunately, the cash reconciliation process comes with several common hurdles that CFOs and treasurers must…