Fireside Chat – Best Practice Technologies for Treasury and Cash Management
This enlightening fireside chat featured esteemed industry experts and seasoned CFOs as they delved into cutting-edge technologies for treasury and cash management. Through their firsthand experiences and invaluable insights, attendees gained a deeper understanding of the adoption and implementation journey.
The benefits and potential hurdles associated with leveraging state-of-the-art technologies to help manage international businesses were discovered. Using cloud applications, automation, and reporting dashboards to streamline treasury and cash management operations were discussed. From enhancing efficiency to optimizing outcomes, the transformative power of these innovative solutions was explored.
Here are the highlights:
- Joe Padgett discussed how automation has changed cash flow management, giving an example of how his previous company automated daily cash flow forecasting by linking data from their CRM system.
- Timothy Claymore from Algiz Cap outlined the biggest automation opportunities for cash management, including daily cash visibility, cash forecasting automation, and variance analysis.
- Ben Hornby provided a case study on how Airwallex helped optimize McLaren’s supply chain payments across currencies.
- The panel discussed current AI technologies like cash transaction categorization, customized payment reminders, and Algiz Cap’s new AI assistant feature.
- Future technologies anticipated include more predictive analytics, smoother data integration between systems through AI, and more accessible tools for finance users.
- Integrating new technologies with existing systems was identified as the main concern for attendees in adopting treasury and cash management technologies.
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