Professional paper

https://doi.org/10.30924/mjcmi/2018.23.2.189

Towards treasury 4.0/The evolving role of corporate treasury management for 2020

Petr Polak orcid.org/0000-0002-2434-4540 ; University of Brunei Darussalam, Gadong
Francois Masquelier ; RTL Group, Luxembourg
Grzegorz Michalski orcid.org/0000-0002-8211-4057 ; Wroclaw University of Economics, Poland

Abstract

This paper highlights the importance of treasury management in a corporate world. Treasury management is a dynamic phenomenon, and treasurers need to update treasury activities accordingly. This paper aims to provide a future roadmap for treasury management. In the near future, the most important aspects of treasury management will be new financial regulations, developments in information technology, and global approaches toward whole business operations. In this regard, the concept of business intelligence has become a need of the highest importance for every CFO. Treasury management needs to put aside the traditional practice of setting financial targets for one year and think of medium-term treasury planning as a source of significant motivation. Treasury management is a dynamic profession that evolves continuously, seeks maximum effectiveness, and aims for the highest productivity and simplification of all treasury activities.

Keywords

treasury 4.0; treasury evolution; digitization; globalization; business intelligence

Hrčak ID:

212872

URI

https://hrcak.srce.hr/212872

Publication date:

18.12.2018.

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