Treasury executives are facing an unprecedented confluence of challenges today, with no reasonable prospect that the massive waves of change will be easing up any time soon.  In addition to the black swan event of a global pandemic that has literally shutdown economic activity in much of the world, companies are also dealing with other high volatility forces, such as the Russia vs Middle East oil production standoff and global currency fluctuations.

These and other related forces are combining to create significant new challenges for Treasury, which in turn is accelerating the already existing trend toward greater integration and interoperability of various treasury-related software applications.  For example, management of cash positions, working capital and hedges against external risk factors are prime focus areas that can benefit from enterprise-wide visibility along with flexible analytics tools and agile response mechanisms.

Overall risk management entails these four key areas:

• Financial: Cash, Foreign Exchange, Commodities, Exposures, Credit
• Geo-political: Taxes, Tariffs, Trade, Political
• Business Continuity: People, Processes, Supply Chain, Equipment, Real Estate
• Security: Data, Systems, People, Property, Brand/Reputation

Security issues span all aspects of a business. For more info, watch the video of this webinar on Risk and Exposure.  In this post, we are focused on three areas, Financial, Geo-political, and Business Continuity, all of which have significant relevance to enterprise-wide treasury integration.

Treasurers spend their working lives trying to avoid or alleviate risk, looking ahead and planning for the ‘worst-case scenario’ – an idea that has been given new importance and urgency by the COVID-19 pandemic. A driving challenge in this setback for many businesses are to proceed with business as usual in a time when business is very unusual. For treasurers, the way to do this is to ensure that the data and information are readily accessible and reliable, especially pertaining to current and future cash flows.

Bramasol, the leader in SAP finance solution delivery, has announced a new Rapid Deployment Offering Global Cash Visibility Solution With SAP Multi-Bank Connectivity (MBC).

The main functions of treasury include cash and liquidity management, funding and capital management, and financial risk management. These functions are in many treasury environments handled through spreadsheets and manual processes. This creates significant risks and these risks need to be matched to the organization and the board’s objective.

Merger and Acquisition (M&A) activity provides an important strategic element for many companies that can help boost growth, open new markets and enable economies of scale for driving profitability.  Over recent decades, there has been a steady upswing in the usage of M&A exemplified by increases in the number and size of deals, along with an expanding range of different types of deals.

Listen to our latest Podcast on How Payment Factory can Improve Your Cash Flow, Increase Productivity and Reduce Risk. During this podcast, Kim Dowling, Director of Treasury at Bramasol, sat down with Jim Hunt to discuss key aspects of payment factory and why should you care.

Risk is a part of business and you can't avoid it, but you can manage it!

Join experts from Bramasol and SAP for the treasury webinar titled, S/4 and central finance.

Payment processing is a fundamental requirement within every company.