Results from Strategic Treasurer and GTreasury’s 2021 Treasury Technology Survey are out, and they show robust growth on the horizon for treasury tech. Payment factories, treasury aggregators and treasury management systems are all expected to realize 35-45% growth in the next two years.
While the reasons for this growing adoption are many, respondents highlighted forecasting and fraud prevention as top focuses. Notably, fraud prevention is the top mission-critical priority for automation.
As those driving this growth seek out their new solutions, what do they consider important? Almost three-quarters of respondents labeled APIs as important or very important. Networks and ecosystems also seem to be a priority, as 65% ranked payment messaging networks as important or very important, and 28% said the size of the vendor ecosystem was extremely important to their buying decision.
With over 50 questions, this survey probed many other details of technological adoption and perspectives as well. This set of results completes the third cycle of research for the Treasury Technology Survey, allowing for trend analysis between the 250+ responses received this year and those from previous survey runs.
Download the survey report to browse the in-depth results and commentary.
Like this item? Get our Weekly Update newsletter. Subscribe today