Global Treasurer asked Amol Dhargalkar how cloud-based, best-of-breed treasury technology solutions would meet the needs of treasury teams
Summary
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.
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