AI is everywhere. It dominates many business discussions – and, of course, is having a profound impact on the equity and funding markets.
In treasury, the main focus so far has been on cash forecasting. This is a promising area: it is a real problem for treasurers, and some are reporting improvements. But it is complex, and the quality of historical data in many companies’ systems is an issue.
For this report, treasurers shared with us the increasing number of uses they are finding for AI. These usually improve productivity, and include various automation efforts, such as using the tools to generate and verify bank and capital markets agreements, as well as monitoring internal systems accesses. Increasingly, AI is being used to write internal software and bots to help with these tasks.
In turn, this is having an impact on the skills in treasury: increasingly, staff members and interns who can use AI tools are making a significant contribution. At the same time, IT policies, which were initially very concerned about potential data leaks, are becoming more open – and yes, most companies have one.
We are in the early stages of a journey which will change the way we all work. Find out more in the report.
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