Treasury performs a critically important role in supporting today’s organisations to deal with challenging and volatile market conditions. Senior executives are demanding more analytic insights, on a more timely basis, and often with less resources, from their treasurers.
According to the PwC Global Treasury Survey, 79% of global respondents characterise their treasury as a value-adding centre that contributes by helping businesses achieve strategic goals, and not only an execution centre for payment transactions. However, only 62% of respondents in Asia share this same view.
While we find that more than 80% of global participants already have Treasury Management Systems (TMS) that are fully integrated in their organisations, only 47% of treasury functions in Asia have a TMS. Asian firms may be lagging behind in this regard. Therefore, we believe that a fit-for-purpose TMS solution will allow treasurers in Asia to meet ever increasing demands and add value to their businesses.