Liquidity, liquidity, liquidity…
The treasury function has evolved over time with increasingly diverse responsibilities. However, providing liquidity and funding for the enterprise remains the primary challenge. The 2008 financial crisis pushed treasurers to prove to themselves and regulators that they have enough liquidity to survive significant market dislocations. Maintaining a minimum Basel III required liquidity buffer is the new reality for banks.
Treasuries are challenged by fragmented and disconnected systems today. This prevents them from having real time global view of liquidity, and inhibits their ability to detect stress conditions and execute effectively in mission critical situations. Such fragmented treasury technology environments are complex to manage, difficult to adapt to new market conditions and costly to maintain.