Global Treasurer asked Amol Dhargalkar how cloud-based, best-of-breed treasury technology solutions would meet the needs of treasury teams
In the Global Treasurer, Amol Dhargalkar explains how the range of best-of-breed solutions is expanding rapidly to meet the needs of treasurers responding to pressures imposed by management, the pandemic, inflation and the end of LIBOR
“We absolutely expect best-of-breed solutions to gain traction,” Amol Dhargalkar, managing partner and global head of corporates at Chatham Financial. “Treasury has always used many tools within its technology stack.”The Global Treasurer
The invasion of best-of-breed solutions from the cloud looks unstoppable throughout 2022 as companies embrace them to plug gaps in treasury management systems.
“We absolutely expect best-of-breed solutions to gain traction,” Amol Dhargalkar, managing partner and global head of corporates at Chatham Financial. “Treasury has always used many tools within its technology stack.”
In the wake of the pandemic, for instance, widespread staffing challenges are driving cloud-based fixes to all-in-one systems. Also, the increase in more nuanced workflows in most areas of treasury management – for instance CEOs increased demand for highly specific financial guidance – will rely on the automation available in cloud solutions.
And by no means least, says Dhargalkar, best-of-breed is vital in enabling treasurers to integrate and leverage Application Programming Interfaces (APIs) and data management pipelines (ETLs). The value of these tools is certain to grow as demands on treasury increase because of corporates’ growing recognition that their function can deliver deeper insights into the company than all-in-one systems. In short, corkscrews as well as Swiss knives.
Our expertise for corporates
Chatham provides the knowledge and expertise needed to manage the financial risk associated with interest rate, commodity, and foreign exchange volatility. We develop and implement hedging strategies for hundreds of public companies annually, based on deep and productive banking relationships, giving us market data and insights to enable you to secure the best pricing and terms. Our goal is to empower you to strengthen your financial position and support your company’s financial objectives.
With expertise across hedge accounting, regulatory compliance, valuations, and hedging transactions, we can support all aspects of financial risk management. Our ChathamDirect platform provides convenient workflow, robust analytics, and comprehensive accounting methodologies, supported by our unmatched commitment to client service. This unique combination of strategy, operations, and technology will empower you to run a best-in-class hedging program.
Our featured insights
2024 corporate treasury trends
Extraordinary opportunities and challenges await treasury teams preparing for success in 2024. From the potential resurgence of M&A activities amid moderating inflation to ongoing impacts of geopolitical instability and global paradigm shifts, multiple converging trends will shape treasury...
7 ways to maximize FX and commodity hedging impact while minimizing costs
Hedge program costs can range from forward points, to trading costs, to fixed and variable operational costs that include systems and personnel. Program benefits often include risk reduction, operational ease, and favorable accounting treatment. This article will address leading practices and...
Video | ChathamDirect technology explained in 90 seconds
To navigate a complex, ever-changing economic landscape and protect more of your bottom-line earnings, your financial risk management system should support all your program objectives. Learn how you can streamline your process and unlock new economic strategies with ChathamDirect.
Enable data-driven decision making and avoid potential pitfalls with reporting dashboards
To spot important data trends and crystalize them into actionable insights, corporate treasurers need robust reporting capabilities within their financial risk management systems. Advanced reporting tools should include a complete dataset, flexible-but-focused dashboards, and proactive trend...
Enabling a scalable, technology-driven approach to FX hedging
A global retail company’s spreadsheet-based hedging process had become size-constrained and unable to expand with its growing global footprint, leaving the company materially exposed to new-market risk.
4 questions to ask when evaluating treasury technology platforms
Treasury teams increasingly rely on technology platforms to automate routine tasks, improve accuracy, and inform strategic decisions surrounding working capital, liquidity, and financial risk management. With an ever-growing ecosystem of technology platforms available to treasury and accounting...
Achieving automation and efficiency in treasury
Treasury teams can optimize the hedging and hedge accounting process through new technology tools and operating workflows. Whether improving exposure forecast visibility, achieving a faster close process, or improving platform integration, many opportunities exist for treasury to drive efficiencies.