As gate keeper of corporate’ cash balances, the core treasury responsibility has always been, and will always be, to ensure the company has sufficient funds to pay all company’s obligations at the appropriate time and in the appropriate currency. Nothing new here.
Zanders has decided to participate in the ISO 20022 Payments Standards Evaluation Group (SEG). This is a milestone event as Zanders continues on its growth strategy to help corporates become better, smarter and more efficient in the way they work. To help explain the significance of this decision, we need to consider Zanders’ broader engagement in the global financial standards domain.
The corporate landscape is being redefined by a plethora of factors, from new business models and changing regulations to increased competition from digital natives and the acceleration of the consumer digital-first mindset.
Analyzing data from a treasury management system and ensuring it is up to date and accurate is key to making effective decisions for any corporate treasurer. Over recent years, SAP has added an array of products in the data warehousing, reporting and analytics space to assist decision-making as well as address some of the historical weaknesses in its reporting capabilities.