In today's volatile economic climate, corporate treasurers need to quickly uncover valuable business insights and forecasts from their organization's payments, liquidity, and risk data. However, this requires data sets that are real time, global and comprehensive.
Most financial institutions (FIs) are looking to help treasurers generate new insights by improving the coverage, quality, and granularity of their data, and by deploying new tools and analytics. Cloud technologies will prove critical to improving the data stores, real-time capability, and global reach that allow treasurers to unlock real value from data.
This paper sets out three key steps that global organizations need to take including modern data architecture, data virtualization and global data availability.