Learning Objectives:

  • Explain the role of technology in treasury operations.

  • Describe key treasury processes and internal controls.

  • Understand business continuity and disaster recovery.

8.1 Treasury Technology and Systems
Technology is central to modern treasury operations . Treasury Management Systems (TMS) automate cash positioning, forecasting, payments, and hedge management. Electronic banking platforms are used for payments and cash management . EuroFinance’s course covers “An introduction to treasury technology” and “Electronic banking systems” in detail . Emerging trends include the use of AI, real-time systems, and APIs .

8.2 Treasury Processes and Controls
Effective treasury operations require robust processes and internal controls . Key processes include cash forecasting, accounts payable and receivable, dealing, confirmation and settlement, and netting . Internal controls such as segregation of duties and authorisation limits are essential for preventing fraud . The Cambridge for Global Training course covers developing treasury policies, establishing internal controls, and benchmarking performance .

8.3 Business Continuity and Security
Treasury operations must be resilient to disruptions . Business continuity planning involves backup and disaster recovery strategies, including maintaining connectivity with banks and ensuring staff can execute payments even during system failures . Fraud prevention and cybersecurity are key components of control, with cyber-fraud being an “ever-increasing risk” that requires specific countermeasures

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