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We saw how treasuries had to adapt at speed to the constraints and requirements of home working, including replacing manual, paper-based processes wherever possible. What were the easier “quick wins” and what proved more challenging?
The treasurers had to adapt quickly without being able to procrastinate or fine-tune. We noticed that very few treasury organizations had BCP (Business Continuity Plan) in place, documented and tested. The most digitalized ones had no real problems. The others had to adjust their tools. The main problem was for those without a "Bank Single Gateway" tool. Bank connectivity was the top priority. Getting a scanned payment signed was suddenly impossible.
For cash-flow reports and forecasts with stress tests...
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