Tietoevry Banking has released its latest annual report, The Future of Corporate Cash Management 2024
13 November 2024
Oslo, Norway — Tietoevry Banking has released its latest annual report, The Future of Corporate Cash Management 2024, unveiling insights into the evolving dynamics of cash management within the corporate banking landscape. Capturing perspectives from finance and treasury professionals across the globe, the survey spotlights trends defining modern treasury management, with real-time cash visibility emerging as a top priority. For many multinational corporations, managing cash across complex, multi-country operations remains a challenge, with 60% of corporates citing difficulties in maintaining an accurate, immediate view of their cash positions.
The survey further reveals that corporates are increasingly adopting multi-bank strategies, with 90% now opting for diversified banking relationships. This shift reflects a broader response to the growing need for flexibility and robust cash flow management on a global scale. The findings highlight how banks can meet corporate demands for digital solutions that enhance real-time visibility, liquidity, and control across multiple banking networks.
“The need for real-time cash visibility and more sophisticated risk management has never been greater,” says Sathish Padmanathan, Head of Cash Management at Tietoevry Banking. “Our survey confirms that as businesses grow in complexity, banks have a unique opportunity to become essential partners, guiding corporates with digital innovations that streamline operations and strengthen their treasury function.”
In addition, the survey underscores the increasing adoption of Virtual Account Management (VAM), now utilized by 15% of corporates. This shift toward virtual accounts is enabling companies to enhance liquidity management, simplify reconciliation, and navigate the complexities of multi-entity and multi-country operations.
As economic volatility and regulatory requirements continue to shape corporate treasury priorities, The Future of Corporate Cash Management 2024 provides actionable insights into the tools and approaches banks can adopt to support their corporate clients in an unpredictable landscape. The report serves as a guide for financial institutions looking to empower their corporate customers with innovative, value-driven cash management solutions.
For a closer look at these trends and more insights, download the full 2024 Corporate Cash Management Survey Report.
Tietoevry Banking accelerates the digital transformation of financial institutions by delivering cutting-edge SaaS solutions designed for the ever-evolving needs of the banking sector. With over 50 years of experience and a team of more than 3,600 experts, we help banks reduce complexity, meet regulatory demands, and stay agile in a fast-moving world. Our products and services, trusted by clients in over 60 countries, enable financial institutions to enhance customer experiences, streamline operations, and drive business success today and into the future.
The Global Treasurer is the leading global knowledge resource for over 40,000 treasury, finance, payments and cash management professionals. The publication is updated daily and provides subscribers with access to an archive of over 9,000+ treasury articles, special reports, commentaries, research, polls, news, webinars, and whitepapers – all with a global focus.
The Global Treasurer editorial team encourage industry experts to share their knowledge on key issues facing treasury and finance professionals, including best practice in cash and liquidity management, corporate financial planning and analysis, regulatory changes, trends in the financial supply chain, risk management and the pursuit of internal efficiencies.
Email: TxB@tietoevry.com
For more information of the All-in-One Cash Management solutions, please visit page: Cash Management solutions for transaction banking.