Automation is Essential to Manage the New Emphasis on Liquidity
Bottomline’s recent 2023 Business Payments Barometer shows a rising trend towards automation. But what does this mean for cash flow management? And how can treasurers make the most of this trend?
To say that finance leaders – treasurers and CFOs – at banks and corporates have their hands full these days is an understatement. Regulations, standards and new initiatives, such as ISO 20022 (for banks globally), the mandates around the UK’s Confirmation of Payee, the upcoming New Payments Architecture (NPA), taking advantage of the new FedNow payment rails, and the never-ending pressure to protect and project liquidity have given the job new responsibilities and possibilities.