Enterprise Commerce: The New Paradigm for Treasury Management
(10/1/2002) CFO Project Volume 1
By Molly Lloyd, Wells Fargo
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Advances in bank electronic commerce (EC) technologies are empowering treasury management with unprecedented automation and control. Companies implementing EC payments and collections realize significant savings in hard-dollar costs by improving cash management. With EC services for treasury, enterprise solutions go all the way to the bank.
While treasury has always been charged with enterprise-wide responsibilities, recent advances in enterprise and electronic commerce (EC) technologies have opened up entirely new ways of looking at treasury management. From these technological perspectives, today''s treasury is empowered to manage payments and collections with an unprecedented degree of automation and control. The latest bank EC systems can interface seamlessly with corporate enterprise solutions so that payments and collections data flow straight through from system to system in either direction.
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