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Market Turmoil Likely to Spur Automation

Multinationals cite counterparty risk as a top concern, survey shows

By Susan Kelly | Updated on October 05, 2009

Experts have been predicting for decades that treasuries would automate more of their processes. The big push has yet to occur. But a recent white paper from Wall Street Systems says the heightened concerns about counterparty risk and an increased emphasis on accurate cash-flow forecasting amid the credit crunch could be the final straws that get treasuries off spreadsheets and onto treasury systems.

Until now decisions on whether to purchase treasury systems have been guided by calculations of the likely return on the investment, says Mark Lewis, director of corporate treasury at Wall Street Systems. “Now there is going to be demand irrespective of the ROI because of what’s happening in the markets.”

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