For corporate treasurers in Asia, managing a treasury is, at best, an inexact science. Fragmented geographies, disparate cultures and languages, various levels of economic development, political stability and infrastructure, and complex regulatory environments present significant challenges for the treasurer in Asia. The technological environment is also changing and changing fast.
There have been a number of technological initiatives by governments, such as Malaysia's Cyberjaya, and India's attempt to make Bangalore the Silicon Valley of India. Enterprise resource systems ERP have become prevalent, though in many companies, ERPs have not completely taken over legacy systems. Further, companies have introduced e-procurement, supply chain portals, and generally dabbling in e-commerce.
Such an environment often has...
