How AI upgrades enterprise treasury management

The adoption of AI for enterprise treasury management enables businesses to abandon manual spreadsheets for automated data pipelines.

Corporate finance departments face pressure from market volatility, regulatory demands, and digital finance requirements. Ashish Kumar, head of Infosys Oracle Sales for North America, and CM Grover, CEO of IBS FinTech, recently discussed the realities of corporate treasuries.

IBS FinTech has operated for 19 years and currently ranks in the top five globally according to an IDC report. Grover notes that while AI-powered automation has reached many areas of corporate life, treasury departments often still rely on manual spreadsheets.

“IBS FinTech has identified the gap in the CFO’s office in corporations where they are managing their most critical information system, that is, treasury management on Excel,” Grover said.

Treasury teams manage cash, liquidity, and risk. Companies face foreign currency risk through imports and exports, alongside related commodity risks. Cash surplus companies also need to invest in operations to generate returns.

The key problem for many enterprises is a lack of real-ti...