Westpac

An exclusive poll by CorporateTreasurer in collaboration with Westpac highlights the need for treasurers across the region to focus on more automation, data and external support to foster strategic decisions that will prepare them better for financial crises going forward.

Future-proofing treasuries from black swan events requires a greater focus than ever before on transformation – in the form of more automation, data and external support to foster strategic decisions, finds an exclusive poll by Westpac and CorporateTreasurer.

Lowering international payment costs in line with the huge flows from e-commerce is vital, says Westpac. Being AML and KYC compliant equally so.

The trade finance industry is now at an inflexion point as corporate credit rating pressures, resulting in downgrades and failures in some quarters. Now the time is ripe for trade finance to step into the breach to provide mainstream finance to corporates and their supply chain counterparts.

The advent of digital technology is an important source of growth for national economies. It creates more jobs and is reshaping traditional industries and transforming all sectors, from fashion to automotive, from transport and logistics to energy distribution.