Business experts define Treasury Management as “The process of administering to the financial assets and holdings of a business.The goal of most treasury management departments is to optimise their company's liquidity, make sound financial investments for the future with any excess cash, and reduce or enter into hedges against its financial risks”. A lot of responsibilities come with managing the treasury of an organisation like liquidity management, risk management, planning strategic advice, access to capital, merger and acquisition activities, monitoring working capital and investment. Here's how CFO's and the C-suite can enhance this through digitisation.
Industry experts define data analytics as “The discovery and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance. Analytics often favours data visualization to communicate insight.” Among the prominent data analysis methods utilised by modern industries, the most important is Big data analytics. Today's business world has gone through drastic changes with management decisions which were previously developed using knowledge and intuition being formulated with the help of facts and data now.
“Governance, risk and compliance (GRC) refers to a strategy for managing an organisation's overall governance, enterprise risk management and compliance with regulations”. GRC is a structured approach to join IT with business goals, while efficiently managing risk and meeting with compliance requirements. A well planned GRC strategy provides a lot of benefits. The first part of the report will discuss what exactly is Governance, Risk Management &Compliance (GRC) in today's world and discuss some of the added benefits that come attached to it. The latter part of the report will discuss Blog series on GRC and CFO’s that are integral to understanding Governance. We hope this whitepaper helps provide valuable insights on GRC
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