The great resignation is the phenomena of workers quitting their jobs to pursue other career opportunities at historic rates since the start of 2021. The great resignation trend started in the USA and was triggered by the COVID-19 pandemic, which gave many people the opportunity to rethink and re-prioritize their work-life balance. Combining this great reshuffle trend and the hiring crisis (in general) with the specific skillset required in the treasury field, corporate treasuries experience an enormous challenge to find qualified resources.
In our first article on our e-Commerce initiative, we concluded that in many organizations the fast growth of e-Commerce activities has led to an increased need for integration with the existing treasury framework. In this article we will focus more on how to organize your risk management around e-Commerce in the Treasury organization.
Technology has been changing and developing quicker than ever before. This rise of emerging technologies is applied in increasingly familiar guises, such as artificial intelligence, blockchain and machine learning. However, these can only be successfully deployed when implemented by people who understand the power of technology and are open to change. Applying technology is all about the combination of competences and mindset. What does that mean for treasury technology? It is time to explore the more human aspects in successfully deploying treasury technology.
Testing is a critical activity in any implementation, and it has a significant impact in any overall project success. However, testing often takes longer than planned, due to poor execution or unexpected issues that arise in a later project stage. Such problems usually occur when not all the variables necessary for a successful test journey have been considered.
One of the key finance related challenges that most corporates currently face is the IBOR reform. How can SAP technology support organizations with the consequences of IBOR reform? In this article we outline the SAP enhancements relating to the IBOR reform, discuss how to implement these enhancements, and pinpoint specific areas of attention based on our most recent SAP projects on IBOR reform implementation.