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Rather, Sinha explained, corporate treasurers and CFOs today are grappling with evolving business models and transforming cashmanagement strategies. As models in the front end of an organization digitize, this prioritization of data has carried over into the back office, too. The Transformative Power Of Data.
Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.
As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cashmanagement becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. on Friday, he said.
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