Innovation from banks, technology providers and corporates in the trade and receivables space has bolstered global trade despite geopolitical volatility. The 2019 International Trade Finance Awards by Trade Finance Global (TFG), a leading alternative finance and complex funding solution provider for international trade, are given to those who have made outstanding contributions to international trade.
Daniel Shaffer's blog
Daniel Shaffer, Senior Global Public Relations Manager
Daniel is a marketing and public relations strategist for global corporates in technology, healthcare, SaaS, and telecommunications with 15 years of experience driving successful communications campaigns. As a champion of brand journalism, Daniel enjoys crafting thought leadership, and continues to experiment with the perfect pitch for media, brand influencers and bloggers. Daniel has enjoyed the thrill of problem solving for startups, growth hacking, and working cross functionally in mature corporate environments.
Treasury professionals and finance leaders in the Middle East certainly face their share of challenges, from concerns about payment fraud and counterparty risk to the time-consuming management of trade finance instruments such as letters of credit and bank guarantees. Meanwhile, many corporates in the region work with as many as 100-150 banks, leading to significant obstacles where cash visibility and connectivity is concerned.
Kyriba Live! 2018 Paris set a new standard for elegance, networking and education among senior finance professionals, treasurers, industry thought leaders and consultants, who attended the last of three global conferences. Previously this year, Kyriba hosted its user and partner conference in London and Arizona.
The future of treasury is clearly digital. Just look to the agendas and speaking titles for the Association for Financial Professionals (AFP) 2018 conference in Chicago, the professional society committed to advancing the success of its members and their organizations, and you will see cloud solutions are the dominant building blocks for the modern treasury professional.
As companies address the challenges of today’s rapidly changing market conditions and business needs, treasury is increasingly asked to support better execution of the broader business strategy. Below we identify six initiatives that corporate treasury functions should be prepared to assist, followed by questions to help financial professionals consider their current state and how their treasury can become a strategic function for the enterprise.
Transforming treasury operations