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In order to keep up with rapid changes in the world of treasury and risk management, corporate treasurers and their organizations have needed to shift with the times, especially when it comes to technology. To do so, they’ve recalibrated their focuses and new trends have occurred. Here are the five top trends for 2015.

  1. More User-Friendly Applications

When it comes to applications being designed intuitively, treasury systems have lagged behind in easily interfacing with customers. In order to become more user-friendly, treasury-and-risk applications have been simplified to make them more accessible for customers. Easier use and simplified processes also have the benefit of leading to speedier training sessions, which is a win-win benefit.

  1. More Analytical Approach to Data

Software has been adapted so that corporate treasurers can access data every step of the way, from first supplier to final customer. By deconstructing the flow of payments, compliance regulations can be met more efficiently and better oversight of the entire payment transaction process can occur.

  1. Relevant Data Brought Together Into One Place

Treasurers play key roles in defining the strategies within a corporation. To do this optimally, they have had to become less isolated, and are working more closely with others to form joined-up technological approaches. Many of their processes have become automated, allowing them to pinpoint problems and streamline opportunities more efficiently.

  1. Realignment of Staff

To meet the changing needs in corporate treasury and risk management, companies have had to realign and retrain their employees. To operate in 2015 and into the future, management is working with the employees within their organizations to evolve with the times. To accomplish this, team members need to enhance their partnership skills and work more collaboratively. It will also be crucial for companies to match their workers’ skills and talents to achieve corporate goals.

  1. Budgeting and Growth

Companies continue to be focused on growth, but many have to achieve expansion on reduced budgets. To accomplish their goals, cost-cutting measures have been surveyed and carried out, including working with smaller staffs, having fewer fulltime employees, and outsourcing or sharing services. Individuals are being asked to partner with businesses to improve cash flow, at least on a short-term basis.

Through 2015 and into the future, new trends are taking place in the arena of corporate and risk management. By embracing the ongoing technological changes, creatively working within their budgets, and thinking outside the box in terms of employees and cost-cutting measures, this year and upcoming ones can be successful.top5trendstop5trends

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