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As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cashmanagement technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount. ”
Citi Treasury and Trade Solutions (TTS) announced Tuesday (Feb. The TTS unit, which links multinational corporations to cashmanagement and trade finance solutions, revealed that it has now processed more than $1 trillion worth of transactions through its mobile and tablet solutions, CitiDirect BE Mobile and CitiDirect BD Tablet, since 2011.
financial institution HSBC is rolling out a suite of APIs (application program interfaces) designed for corporate treasurers to more seamlessly initiate financial transactions. Reports in Treasury-Management on Wednesday (Jan. 15) said HSBC announced the launch of its Treasury APIs in 27 markets around the world.
Tripping Up CashManagement. Without the ability to obtain bank account data in real time, organizations and their treasurers cannot quickly and efficiently analyze cash positions, initiate transactions, or forecast cash flow. At the heart of this point of friction, of course, is data.
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