A new report from Gartner predicts that revenue generated from enterprise applications delivered through software as a service (SaaS) will grow by 27 percent in 2008. This of course also covers treasury applications.
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With the synchronised rate from western central banks cut some weeks ago, and trillions of dollars pledged in rescue packages for the world’s biggest banks, one would hope that the worst of the credit crisis is over. In reality, this remains to be seen.
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Once again the US has been placed highest in the World Economic Forum’s latest Global Competitiveness Report in front of Switzerland and my native country Denmark. The UK has this year slipped down to 12th place from 9th in 2007 and 2nd in 2006.
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In the treasury world, autumn seems to be the season for conferences and user group meetings. I have spent much of my time over the past few weeks on the road attending different conferences.
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Working on the boundaries of the financial world as I do, one sits on the line where accounting meets real life. This provides a unique vantage point for seeing where cash flows are collected, managed, predicted, hedged, raised, invested and centralised before the cash is finally paid out again into the wider world.

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