The implications for corporate banking services
The role of the corporate treasurer, and the banking services they need to meet their responsibilities, have changed fundamentally since the financial crisis. In the face of instability and uncertainty in most areas of the operating environment, treasurer needs have grown more quickly than the improvement in corporate banking services. Bridging this gap is becoming increasingly challenging for treasurers.
In order to more clearly understand the operational issues facing today's corporate treasurer, as well as the areas in which there is greatest need for banks to enhance their service offerings, Temenos commissioned Ovum to undertake a major research project in Q2 2016.
A key part of this research is Ovum's Corporate Treasurer survey. In field through Q3 2016, Ovum interviewed 200 corporate treasurers globally to understand the current dynamics and pain points of their role in 2016/17 as well as their requirements around new services from their bank partners.
This report provides a clear insight into the priorities and attitudes of today's corporate treasurer across the four key pillars of responsibility that define the role:
- Cash and liquidity management
- Forecasting and analytics
- Risk and compliance
- Cost and operational efficiency