The Evolution of Treasury and Risk Management: From Traditional Systems to Advanced Cloud-Based Solutions

 

Quadrant Knowledge Solutions Reveals that Enterprise Treasury and Risk Management Market is Projected to Register a CAGR of 14.90% by 2027.

Enterprise Treasury and Risk Management solutions replace cumbersome spreadsheets with advanced tools that enhance visibility and reporting for improved cash management, liquidity, investments, debts, compliance, and bank account oversight. Providers are now offering cloud-based, sophisticated treasury and risk management solutions that enable financial institutions to automate their financial operations and gain a comprehensive view of assets, cash, market data, and financial processes.

These solutions also deliver accurate cash flow forecasting, integrate cash flows with commodity transaction positions, and manage cash positions, flows, and liquidity. Additionally, they facilitate the monitoring of interest rate exposures, currency risks, deal administration, and the automation of repetitive and manual treasury tasks. This results in greater visibility of cash, assets, and risks, along with robust controls over bank accounts and in-house banking, allowing organizations to maintain an accurate overall cash position.

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  Key questions addressed in this study include:

·       What is the current competitive landscape in the Enterprise Treasury and Risk Management solution market?

·       What market share do the major vendors hold?

·       What are the key competitive dynamics in the global and regional markets for these solutions?

·       Who are the leading vendors in both global and regional markets?

·       How do various vendors compare in their offerings of cloud-based versus on-premises solutions?

·       What competitive factors influence the market positioning of different vendors?

·       What are the relative strengths and challenges faced by vendors in this market?

·       How do different vendors position themselves competitively across various customer segments, from SMBs to large enterprises?

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Strategic Market Direction  

According to Quadrant Knowledge Solutions, Enterprise Treasury and Risk Management software is defined as: “Software that has the ability to plan, organize and effectively manage a firm's liquidity, including cash management and risk management activities. The treasury and risk solutions aim to reduce the cost of funds, manage debt and investments, and mitigate operational and financial risks, including monitoring commodity price changes, risk positions, and currency conversion rates.”

The market presents unique challenges to treasurers, such as regulatory reforms, foreign exchange volatility, fraud, and evolving market restrictions. To address the significant inefficiencies in treasury workflows and enhance cash visibility for better liquidity and risk management, treasurers need more advanced and innovative technologies. As organizations progress towards digital transformation, adopting advanced technologies, including artificial intelligence and machine learning, will further enhance finance and treasury operations.

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Vendors covered in this study:

3V Finance, Bottomline TreasuryXpress, Broadridge, Coupa Software (Bellin), DataLog Finance, Finastra, FSC, GTreasury, Intellect Design Arena, ION Treasury (Reval), Kyriba, Murex, Salmon Software, and SAP.