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Get ready for your robot colleagues

Many intensive tech-development areas which will soon show strong impact on treasury processes. In Tuesday’s Treasury 360° Stockholm, Hallvard Bokn Eikeland of Norwegian energy company Equinor shared a case story.

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As a corporate treasury professional, you can join the Tuesday 8 December conference free of charge, click here

Hallvard Bokn Eikeland is Equinor’s head of cash management infrastructure. The session also featured advisory Zanders’ Birgita Gjirja, who shared a more general trend overview.

Deal requests and credit exposures reporting are only two of the many areas supported by robotic process automation implementations made in the last years at Equinor. To capture the benefits, upgrading to a fresh version of the group’s enterprise resource planning system was a start.

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Now, there are plenty of advantages to be discovered with integrations between various systems, through interfaces, APIs.

“We see it as a new start,” says Hallvard Bokn Eikeland.

“Payment tracking is one of those areas where we see that it can bring a lot of value for us.”

Artificial intelligence, big data, robotic process automation and distributed ledger technology are on the list of incoming technologies that are expected to support processes around cash optimisation and many other treasury duties in the future.

 

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