Treasury teams are involved in work that has a direct impact on the financials of a business. However, a lot of studies and surveys have found that the majority of their time and resources get sucked into mundane, routine tasks. This usually involves fetching bank feeds, reformatting them and running numbers before any analysis or strategic insight can be gained.

Payout is usually a cumbersome process involving a lot of manual crunching to figure out who to pay what. The complexity increases exponentially as the number of receivers and the number of rules increase. This is particularly true for businesses which witness high volumes of transactions.

Reconciliation is an accounting process that largely means comparing at least two data sets. One dataset is usually an internal source of truth and other data sets are provided by external sources. The internal data set could be an ERP or an order management system (OMS).