Treasury Digitization - Market Perspectives

13 Treasury Digitization: Market Perspectives Figure 10: Prescriptive Analytics Appetite Shifting Aspirations Level of decision support automation currently in place Level of decision support automation expected by treasury to achieve in the next three years A: Descriptive Analytics (Static Reporting and Visualization) B: Diagnostic Analytics (Interactive Dashboards) C: Predictive Analytics (Machine Powered Forecasting) D: Prescriptive Analytics (Decision Support/Recommendations/Deal Determination) E: Artificial Intelligence (Decision Automation / Deal Execution) 61% 30% 13% 0% 2% 19% 52% 21% 15% 0% A B C D E Number of Respondents: 49 Source: Combined results, Dublin Treasury Forum Survey and Zanders Treasury & Risk Seminar Survey, November 2019 One question treasury must answer is whether to build solutions in-house, partner with fintechs, or leverage their banks’ and treasury platform vendors’ capabilities. While over half the survey respondents are either evaluating or working with their banking partners on solutions that leverage new technologies, many are also considering solutions developed by their treasury technology vendors. Collaboration across corporates, banks and technology providers will be essential in 2020 for treasury to stay abreast of emerging technologies, identify digitization opportunities and secure both the financial and human resources to realize the digital opportunity now available.