Emerging Trends And Developments In Liquidity Management
Emerging trends and continued developments in payments and receivables systems deployment, workflow and automation technology are making this initiative more manageable, less expensive and faster to execute. Large organisations typically have many back office systems (Enterprise Resource Planning (ERP) or Accounts Payable (AP)/Accounts Receivable (AR) systems, cash management, payroll, etc.) that touch upon payments and collections and as a result, liquidity management. These 'Silos' make it difficult to move quickly on opportunities that have a positive effect on liquidity. A solution to this problem is to implement a 'Hub' on top of these back office systems, shielding the complexity of changes from the silos.