IGTA Journal - Winter 2020/2021

Luxemburg, Article: IT Innovation and Creativity in Treasury By Francois Masquelier, Chairman of ATEL, the Luxemburg IGTA Member Association, and Deputy Chairman of EACT, European Association of Corporate Treasurers, from Simply TREASURY – Luxembourg, February 2021 IT innovation is something corporate treasurers can conceive. However, creativity is more complicate and counter-nature. But technical innovation and creativity may help generating value, what is an absolute must for CFO’s. C-level is under pressure to deliver more reporting more quickly in an environment of technological change, increased regulatory change and increased scrutiny. CFO’s are under pressure to create opportunity from complexity. How could treasurers be major actors of this searched value creation? New era of opportunities exists to expand treasurer’s roles No one could contest that CFO’s are under pressure to create “opportunity from complexity”, if possible. Only centralization and technology (meaning automation) can empower CFO’s IGTA eJournal | Winter 2020/21 | 30