The pandemic has taught us a lot. We've come to value our time and and the time of our colleagues differently than we did pre-pandemic. As a result one of the first questions posed asked by corporate treasury, risk and accounting departments when evaluating new vendors is: "how much manual work will be involved to integrate and operate going forward"? This represents an enormous mind-shift in priorities.
In the not so distant past, manual processes were tolerated in exchange for ease of on-boarding a single vendor with a 'one-size-fits-most' offering. Further, with remote and hybrid working becoming the corporate norm, pioneering organizations now demand accurate and seamless transferal of data while minimizing operational risk. Spotting this trend, some previously unaffiliated vendors have begun to integrate solutions with one another to meet the ambitious demands of the digitizing Treasury function.
