As treasury gets more strategic, outsourcing the routine, non-strategic functions gets more important. Often this starts with treasury systems as evidenced by SWIFT service bureaus.
Like never before market pressures are forcing multinational treasury organizations to re-examine their day-to-day functions to meet and exceed the requirements of their customers — both internally and externally. The pressures come from many sources but the main drivers are the advances in automation along with the growth of internet technologies, cost reduction and efficiency mandates, further centralization demands, calls for more strategic input and rapid regulatory changes and compliance requirements related to FAS 133, IAS 39 and Sarbanes-Oxley (SOX) among others.