Asset managers are rethinking their treasury management infrastructure and operations to increase efficiency, reduce operational risk, enhance decision-making processes and provide value-added services to their organizations. Technology is one key component to maximizing the potential of a firm's treasury function.
The financial crisis highlighted significant and widespread weaknesses in treasury management among asset managers. Consequently, many hedge fund and private equity fund managers are seeking to overhaul their treasury management function with a focus on the use of technology. With a careful and thoughtful approach, organizations can reap huge benefits.