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Finance, treasury leaders keep eye on payment visibility, TCH exec says
['Grace Noto', 'Senior Editor']
CFO Dive - Latest News
CFOs and treasury professionals are looking for more transparency and visibility when it comes to their payment and treasury systems in an age where companies are increasingly required to conduct their business in real-time, with faster, more data-saturated systems.
Championing visibilityIn Dooley’s experience, when it comes to what treasurers want out of their payment rails, visibility is key, he said—more insight into the payment data can help companies identify when something is a timing problem, versus a problem of liquidity, for instance, he said.
His previous experience includes serving as senior treasury sales officer for Fifth Third Bank and as a treasury management sales consultant for Regions Bank.
Don’t be lateIn addition to more control, finance and treasury professionals may also be examining new payment tools to ensure they’re not left behind their competition.
In June, the TCH announced it would be operating a digital payments initiative, together with leading banks, to tie traditional payment rails more closely to blockchain-enabled financial transactions, according to a press release.