Cash forecasting systems are top of treasurers' tech shopping list for 2022

Improving cash forecasting will be the technology priority for corporate treasurers in 2022, according to a new report  from Treasury Dragons. 

​Cash forecasting was named as the main challenge by almost 70% of the  150 corporate treasury teams questioned by Treasury Dragons in November 2021.

Among the report's other findings are:

• Treasury is growing in importance More than 80% surveyed believe that treasury has become more important in their organisation over the past year.

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• Technology spend is rising 45% of treasurers will spend more on treasury technology next year than they spent this year. 

 

• Technology matters 99% of respondents use either a TMS, Best of Breed or ERP system to manage their Treasury. Spreadsheets are still used but not as the primary Treasury tool.

 

• Automation is increasing 82% of respondents believe they are far along the road to automating their payments processes. Over 40% say that the interfaces from the TMS to the general ledger systems are entirely automated. However, further work needs to be done on automating treasury reporting, risk management and cash Visibility.

The full survey is published as part of the Treasury Technology Guide,  a comprehensive review of the treasury technology market which features profiles of 20 solution providers and articles and essays by some of the market leaders.

The Guide is free to access for registered readers of Treasury Dragons.

Read the full guide