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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