0
0
As digital transformation reshapes the modern business world, treasury is no longer just a back-office function focused on cash flow and risk mitigation. It is becoming a strategic partner in driving growth and enabling digital innovation across the enterprise.
This evolution requires a major shift in skills. Traditional treasury responsibilities are being redefined by automation, analytics, and emerging technologies. Today, Treasury professionals must expand their expertise to remain valuable contributors to business outcomes.
This article explores the new skill sets treasury professionals need to equip themselves in a digital-first environment. We will discuss:
I. The Digital Shift in Treasury: Why Upskilling is Critical
II. Core New Skill Categories for the Digital Treasury Professional
III. Practical Steps for Upskilling
I. The Digital Shift in Treasury: Why Upskilling is Critical
The treasury function is increasingly intertwined with technologies. For instance, artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), distributed ledger technology (DLT), and cloud-based platforms are the tools transforming treasury operations.
As these technologies automate routine tasks such as reconciliation, reporting, and payments, the treasury role is moving away from day-to-day execution toward strategic decision-making. Professionals will transition from task-focused doers to strategic enablers who interpret data, anticipate risk, and collaborate cross-functionally to shape business strategy.
Recent data underscores this shift. According to Deloitte's 2024 Global Corporate Treasury Survey, 91% of treasury leaders stated that investing in technology and digital capabilities is a top priority, with a strong emphasis on data analytics and system integration to support decision-making. Yet, only 31% of respondents believe their teams currently have the skills needed to fully capitalise on digital tools, highlighting a significant upskilling gap.
Therefore, it is time for Treasury professionals to be upskilled to remain key players in the next generation of corporate finance.
II. Core New Skill Categories for the Digital Treasury Professional
A modern treasury professional must be comfortable navigating an increasingly digital environment. This means understanding the basic principles of AI and machine learning, including how these technologies can support predictive analytics and flag anomalies in financial behaviour. Likewise, grasping the fundamentals of RPA opens up opportunities to streamline repetitive processes, improve accuracy, and free up time for more analytical work.
Blockchain and distributed ledger technologies are also beginning to impact areas such as trade finance and intercompany settlements. While still emerging, professionals should understand their potential implications for transparency, traceability, and transaction speed.
Cloud computing plays a key role in modern treasury systems, offering flexibility, real-time data access, and scalability. Understanding cloud deployment models and security best practices is essential, especially when evaluating or implementing treasury management systems.
Data fluency is just as essential as technology familiarity. Treasury professionals must be able to work with large data sets, extract insights, and communicate them clearly to stakeholders. Tools like Power BI and Tableau help visualise complex data, while a working knowledge of statistics enhances the accuracy and sophistication of forecasting models. A strong awareness of data governance principles can ensure accuracy, consistency, and compliance in this skill area.
Finally, professionals are expected to leverage Treasury Management Systems (TMS) and ERP platforms for advanced analytics, custom reporting, and seamless integration with other tools and departments.
Digital treasury requires the ability to think strategically and critically. As cyber threats grow more sophisticated and the financial landscape becomes more volatile, treasury teams need to enhance their approach to risk management. This involves understanding digital vulnerabilities, proactively identifying emerging risks, and employing advanced modelling techniques to plan for various scenarios.
Forecasting is also becoming more complex. Treasury professionals are expected to develop dynamic, responsive models that integrate real-time data and AI-driven insights. These models help anticipate disruptions and make informed decisions quickly.
Moreover, the treasury function must align more closely with broader business objectives. Understanding the company's strategic direction and building partnerships across finance, IT, and operations departments is now essential. Communicating treasury's value in clear, data-backed terms helps secure buy-in for new initiatives and ensures treasury remains at the table during strategic planning.
Adaptability has become one of the most valuable traits for any treasury professional. With tools and processes constantly evolving, continuous learning is a necessity. In the meantime, professionals should remain open to new ideas, seek innovation, and be proactive in developing new competencies.
Critical thinking and problem-solving are equally important. The shift to digital brings new challenges, including integrating systems, managing data security, and navigating regulatory complexities. Treasury professionals will be able to dissect these problems and propose effective solutions.
Collaboration has also taken on new importance. As treasury intersects more deeply with technology and data, professionals must be comfortable working alongside IT specialists, software vendors, and data scientists. Equally important is the ability to explain complex technical concepts in plain language to non-technical stakeholders.
Lastly, an understanding of project management is highly beneficial. Whether rolling out a new TMS or participating in enterprise-wide transformation, treasury professionals who can efficiently lead or contribute to digital projects are in high demand.
III. Practical Steps for Upskilling
Upskilling becomes a powerful accelerator for career growth. One of the most effective ways to build the skills needed for a modern treasury role is through expert-led learning.
The Strategic Treasury Management course by London Training for Excellence offers a comprehensive program designed specifically for treasury professionals looking to deepen their knowledge and develop advanced capabilities. The course covers a range of topics, including modern risk management techniques, digital treasury tools, advanced forecasting, and strategic business partnering.
The future of treasury is not just digital, it is strategic, data-driven, and deeply integrated with the business. To thrive in this environment, treasury professionals have to evolve beyond traditional roles, adopt new technologies and develop a more analytical mindset.
Author: LondonTFE
London Training for Excellence is a distinguished UK-based training company renowned for its global reach and exceptional educational offerings. With a team comprised of passionate and knowledgeable industry experts, we consistently deliver high-quality, award-winning courses and 'real-life’ lessons, guaranteeing that all our clients benefit from the utmost standards of excellence throughout their educational journey.
Loading...
Course category
Course Venue