J . P . MORGAN PAYMENTS
When it comes to the best strategy for creating a digital ecosystem to enable and accelerate digital transformation , again , there is no single ‘ silver bullet ’ solution .
“ Does it make sense to invest in the most robust treasury management system ? Maybe . Maybe not . What features are you realistically going to use and is it worth the investment ?” asks Brady .
When it comes to the potential benefits , there are a few key aspects to consider .
First , what manual processes can you replace ? This should be assessed both from an operational risk perspective and also a resourcing perspective .
Second , how much working capital can you unlock , and what is the most efficient way to deploy it ? With rates elevated , the benefits can be significant , but it is also important to perform sensitivity analysis around yields to ensure ROI projections are accurate should current economic conditions change drastically .
Lastly , and less tangible , is the importance of flexibility of your tech ecosystem . The secret of a successful digital transformation lies in fluency between Treasurers and Chief Technology Officers ( CTOs ). Only when these vital functions are aligned will the organisation truly evolve .
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