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.
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