Treasury Digitization - Market Perspectives

12 Treasury and Trade Solutions Figure 9: Hurdles to Pursuing New Technologies Budgetary Constraints Building a Strong Business Case Integration of Emerging Technologies within Established Environment Organizational Alignment/Willingness Availability of Technical Skills/Resources At An Enterprise Level Challenges in Vendor Evaluation Availability of Technical Skills/Resources within Treasury 56% 47% 46% 37% 35% 29% 26% Number of Respondents: 100 Looking Ahead to 2020 and Beyond In 2020, we expect more treasury organizations to progress from the exploration and evaluation of new digital technologies, towards their experimentation and adoption. The competitive pressure for transformative digitization will likely intensify, as treasurers pursue a more strategic role in support of organizational growth and efficiency. The evolving payments landscape and the associated migration from batch to real-time will also provide an impetus towards technologies that enable more automated and connected processes, and that augment treasury’s decision-making ability. A recent Citi poll has indicated that over a three-year horizon a majority of treasury professionals expect to transition from the descriptive or diagnostic analytics of today, to the use of predictive and prescriptive analytics (Figure 10) . The aspiration is to progress from investigating what happened or why it happened, and address what is likely to happen in the future with recommendations around what actions treasury should take in response. For many, initiatives to deliver decision support or decision automation will fundamentally need to solve for access to relevant data and the quality of such data.