(13 October 2023 – Global) East & Partners global analyst team share their “finger on the pulse” insights into what is moving business banking markets.
Global Insight Report – Hastening Trade & Treasury Digital Innovation
East & Partners upcoming Global Insights report based on direct interviews with the Top 100 revenue ranked corporates in each of eight markets (N: 747) with a focus on Trade & Supply Chain Finance digital innovation drivers, ROI imperatives, bank digital and technology advisory performance league table and best practice advisory capability.
The report is a collaboration between East & Partners and T3i Partner Network, a global alliance of experts in trade, treasury, and technology.
With T3i Partner Networks industry expertise and unparalleled insight overlaid on East & Partners’ unique voice of the customer analytics, the research, commentary, and vision presented in this report delivers clear outcomes and next steps for industry participants looking to take radical ownership of their large corporate clients’ current and future treasury and trade needs.
“Digital Inertia” Complicating Path Forward
A key message emerging from East & Partners research is the enormous disparity between what “digital progress” means in one country relative to another. The concept of “digital inertia” as referenced by CT is increasingly borne out in East’s “voice of the customer” analysis, where converting from paper based processes in one market may translate to a great leap forward whereas the equivalent functionality has already been widely available in another market for an extended period of time.
“Digital innovation” is a relative concept more than ever before, highlighting an important area of further research and potential insight into growth barriers and best practice examples not to mention guidance for corporates struggling to straddle multiple disparate markets.
CFOs Shifting Gear
As liquidity constraints stemming from rising interest rates and inventory overhangs challenge CFOs to improve cash forecasting and 100% cash visibility capability, where does these level other pressing priorities such as environmental, social and governance plans? While sustainability remains high on the agenda, pressure is building to keep up momentum in particular as a greater regulatory oversight comes to bear on “greenwashing” and improving transparency.