In our first article on our e-Commerce initiative, we concluded that in many organizations the fast growth of e-Commerce activities has led to an increased need for integration with the existing treasury framework. In this article we will focus more on how to organize your risk management around e-Commerce in the Treasury organization.
With house bank accounts treated as master data instead of configuration objects including the latest enhancement, the bank account subledger concept, SAP S/4HANA Bank Account Management (BAM) aims to shift responsibility of bank account management life cycle from the technical teams to the cash and banking teams.
The need to formulate a treasury technology roadmap for your organization has never been more critical. This is particularly relevant for large complex organizations that are running SAP. The SAP S/4HANA move is complex and presents great opportunities and challenges. For the treasury within these large complex organizations it does not make sense to wait for the enterprise to formulate a roadmap as then the likelihood of the treasury requirements not being properly prioritized are high.
Technology has been changing and developing quicker than ever before. This rise of emerging technologies is applied in increasingly familiar guises, such as artificial intelligence, blockchain and machine learning. However, these can only be successfully deployed when implemented by people who understand the power of technology and are open to change. Applying technology is all about the combination of competences and mindset. What does that mean for treasury technology? It is time to explore the more human aspects in successfully deploying treasury technology.
Testing is a critical activity in any implementation, and it has a significant impact in any overall project success. However, testing often takes longer than planned, due to poor execution or unexpected issues that arise in a later project stage. Such problems usually occur when not all the variables necessary for a successful test journey have been considered.