Corporate Cash Management

The digital evolution of corporate treasury operations

January 28, 2021 - 2 minutes
Two men sitting in front of a laptop looking at reports.

Our full 2020 Cash Management Survey reveals what treasury and transaction banking leaders are saying about new tools and technology, their priorities between operations and strategy, and the value of superior liquidity management.

When it comes to our clients and their digital transformations, we know COVID-19 has been a catalyst like no other. Changes in treasury management are largely driven by technology, so it is not surprising that 69% of treasury executives were looking for new ways to automate costly legacy processes in 2020.

Our inaugural cash management survey sampled treasury and cash management professionals from multinational corporates across North America. The results indicate that, now more than ever before, clients are prioritizing the need for new tools and technology, as well as efficient operational strategy and superior service.

One of the more insightful revelations was that many companies are looking to improve their current operational technologies with more automated, real-time connectivity. The emphasis on developing better application programming interfaces shows the need for a more efficient way to gather data and adapt to challenges posed by regional and global barriers.

What innovative solutions are most interesting to increase the efficiency of your operations?

These themes continue to be even more prevalent in 2021. Increasingly, corporate treasurers will demand richer data that forms the basis for the automation of internal processes. Closely related are better ways to communicate this data between corporate ERPs and bank systems. As the payments systems evolve, globally and in Canada, the number of options for accomplishing this will increase.

This coming year and beyond will be incredibly interesting. Global pandemics have pushed corporate treasurers, banks and governments to find better solutions to long standing challenges. This acceleration of the rate of change in the treasury world is one welcome dynamic, in an otherwise unfortunate global situation. Exiting the pandemic with better, faster ways to manage treasuries will help fuel our progression and recovery.

At TD Securities, we are laying the foundation for a more robust and digitally focused future by concentrating on what our clients need most.

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Managing Director and Head of Corporate Cash Management, TD Securities

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Managing Director and Head of Corporate Cash Management, TD Securities

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Managing Director and Head of Corporate Cash Management, TD Securities

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