Many treasury departments have been held back by
legacy treasury management systems that have been
around since the 1980s. While these legacy systems
promise to automate the consolidation of bank data
collected within the MT940 message format, manual
intervention is often required. By the time your data
is manually consolidated and normalized, you are
making predictions based upon yesterday’s data,
leaving your treasury with a visibility gap into your
real-time financial position.
As seen in the COVID-19 pandemic, organizations
who do not have a real-time view of their cash flow
and position may be unable to adapt their cash
management strategy quick enough to respond to
unexpected changes in cash flow.
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