Corporate treasurers face a state of transition and, in many ways, uncertainty. Rapid organizational expansions and rising payment volumes are stressing many existing processes and driving the market need for more efficient and far more frictionless payments experiences. While real-time payments and simple and mistake-free straight-through processes remain the goal, a host of specific challenges and emerging opportunities will shape the year to come.
Here are nine things corporate treasurers should anticipate going into 2020:
1) The categorical rise of real-time banking.
To meet increasing demand for more streamlined and B2C-esque corporate payments experiences, real-time banking will continue to make major strides in 2020 by delivering immediately-available funds, instant confirmation, settlement finality, and faster communication flows. Corporate treasurers will increasingly embrace newer strategies that simplify key processes and reduce the time it takes to implement and manage payments.