Payments innovation and risk: a corporate treasurer’s playbook

The new report, produced by Raconteur in association with specialists from NatWest, offers insights into the transformational power of real-time payments and the opportunities that global payment innovations offer for corporate treasurers.

06 Jun 2023 . 2 min read

“Real-time payments are transforming the B2B transactions landscape and bringing corporate treasurers to the forefront of business decision-making,” is one of the key messages of the newly published report, titled “Payments innovation and risk: a corporate treasurer’s playbook”.

Real-time payments could help treasurers accelerate order-to-cash and working capital cycles, thereby making their firms’ credit and collection efforts more efficient. Improvements in visibility could also help them to provide better analytics, real-time liquidity and cash flow management.

Given these developments, treasurers are likely to become even more influential in their organisation.

In the report, NatWest specialists - Simon Eacott, Head of Payments; Ritu Sehgal, Head of Transaction Services and Trade; and James Hodgson, Chief Product Officer at Payit by NatWest - predict that increased digitisation and innovation will change the treasurer function to also encompass marketing and customer experience officer roles. ISO 20022, for example, will trigger innovation by enabling treasurers to use data analytics to tailor the customer proposition and improve CX.

The playbook also looks at how treasurers can harness the power of advanced multipurpose treasury management systems, and how regulation and standards - such as the increasing international adoption of ISO 20022 and rules governing open banking - are encouraging corporate treasury functions to work smarter.

To help identify the exciting opportunities that the latest payments developments could offer for your business, read the playbook in full here.

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Payments innovation and risk: a corporate treasurer’s playbook

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