With the increased use of technology within commercial payments and banking, corporate finance departments are drawn to newer tools like blockchain and artificial intelligence to keep up with the rapidly changing industry. Recently, TD Bank polled 340 corporate treasurers and other finance professionals at the 2017 Association for Financial Professionals Annual Conference in San Diego, California, to learn more about their investment priorities and near-term business plans.
Specifically, TD’s 2017 Treasury Management Survey found that finance professionals cite process automation (31 percent), distributed ledger/blockchain (23 percent) and artificial intelligence/robotics (15 percent) as the top disruptive technologies that will have the largest impact on their jobs over the next two to three years. It’s no surprise that technology and automation factor into corporate investment plans, as treasury management approaches an inflection point pushing organizations to adjust accordingly.
