Corporate treasuries anticipate significant transformations within the next three years, with distributed ledger technology (DLT) set to play a prominent part.
In the ever-evolving world of finance, the corporate treasury function is poised for a significant shift, and a new report from Citi GPS, titled "Treasury 2030", delves into the potential future changes.
The report underscores the anticipated role of automation driven by Artificial Intelligence (AI) in this transformation. AI is expected to accompany the shift from batching to 24/7 activity in the corporate treasury function, aiming to streamline operations and enhance efficiency.
Moreover, the report highlights the importance of improving access to data for decision-making as a top priority in the corporate treasury function. With the deluge of data at our disposal, the ability to harness and interpret this information effectively will be crucial.
The report also emphasizes the potential of AI and Distributed Ledger Technology (DLT) as key technologies in the evolution of the corporate treasury function. These technologies, which have already made significant inroads in the financial sector, are expected to play a pivotal role in transforming the corporate treasury function, focusing on areas such as risk reduction, cash flow forecasting, fraud prevention, and the use of programmable money like stablecoins and Central Bank Digital Currencies (CBDCs).
However, the report reveals that more than half of corporate treasurers are still unclear about the specific changes that might occur. This uncertainty underscores the need for reliable and timely information, which is where our pro subscribers come in. Our service offers exclusive industry analysis and early access to legislative updates to help professionals stay ahead of the competition.
Indeed, the report predicts that significant changes in the corporate treasury function are expected within the next three to five years. As such, it encourages joining the ranks of professionals who prioritize deeper insights over surface level news.
Intriguingly, 93% of corporate treasurers expect significant changes in the corporate treasury function within the same timeframe. This consensus underscores the urgency for professionals to adapt and evolve with the times.
The report continues to delve into the potential future of the corporate treasury function, offering valuable insights for those looking to stay ahead of the curve. By subscribing to our service, you can gain exclusive access to these insights and ensure that you are well-equipped to navigate the changes that lie ahead.
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