Standard Chartered : The digital treasurer of the future

Becoming a digital adviser

The key to building a digital treasury is evaluating the areas that would most benefit from improvement today and then carving out the time to do something about it. You don't need a grand strategy. A simple 'digital roadmap', setting out some key objectives and milestones, can be a useful way of anchoring day to day activities to long-term objectives.

There is a core set of technologies that should be on every treasurer's roadmap. These include: big data analytics, for more sophisticated capital forecasts; behavioural-based analytics for forecasting and scenario analysis; and increased levels of robotic automation.

But the more interesting question may be how the same technologies can be used to extend the treasurer's remit to providing additional services or deeper analytical insights to the business.

Technology is not only reshaping the day-to-day operations of treasuries and the way they interact with financial markets, but, more importantly, it is changing the very core of how businesses interact with their customers, suppliers and markets. The ability to help the business navigate these changes will be critical to the future of the treasurer, turning the role into one that is core to developing new models, rather than being a peripheral player or governance function.