Corporate connectivity has become a key investment priority for CFOs in Asia, topped only by security and risk management. This is a clear signal to corporate banks to align their efforts and enable supply chain solutions and working capital management for the twenty-first century, not the previous century. CFOs demand speed, straight-through processing, accuracy, and flexibility. Ultimately, they demand real-time access to data about transactions, liquidity, investments, and debt — across the entire enterprise, across borders, and across bank relationships.
The 2015 Asian CFO Survey asks Asia's most senior treasury and finance professionals about their investment priorities, looks at the level of automation and timeliness of information available in Asia corporations today, and zooms in on the impact of bank-to-corporate connectivity and its challenges and the preferred channels used by corporations.
"The future of corporate banking is real-time, particularly with the rise of more immediate payments systems in the region," says Thomas Zink, research manager, IDC Financial Insights. "Moving forward, banks would not be able to get away with updating data once a week. Their corporate clients will demand real-time transactions and data delivery," he adds.
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