Digitizing the Office of the CFO for Healthcare
The world of treasury is at an inflection point. Legacy and install systems get the job done, but do they give you the strategic advantage?
The need for streamlined treasury operations, especially in healthcare, has never been greater.
The healthcare treasury scenario is grounded in operations and rebalancing the volume-revenue-expense equation. Managing your cash and balances can be manual and time-consuming. More than often, it will heighten the possibility for errors. With this in mind, having a proper liquidity strategy for managing your data is crucial to the lifeblood of your business.
And that’s where we can help. We know how delicate and complex the process of managing global finances is. With Treasury and Risk Management Solutions (TRMS), treasury and finance teams can work smarter, not harder, to make informed business decisions.
We help our Healthcare clients with:
- Moving payments from paper to electronic processes
- Reducing disbursement costs and risk
- Gaining immediate visibility into your current cash position
- Improving management of spending, reduce back-office expenses, mitigate risk and boost bottom-line result
- Simplifying payment origination and streamline invoice processing
GTreasury believes there is opportunity in complexity. By simplifying complexity, teams can unleash their organization’s potential to gain strategic advantages and grow. At GTreasury we give you the tools to unify all your data, empowering you with the insight to drive bottom-line growth.
We’d love to chat more to learn how GTreasury can help with your specific treasury needs. Fill in the form to book time with one of our Healthcare Treasury Experts.
Let’s transform treasury together.
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Adapting to Cyber Risks: How Healthcare CFOs Can Protect Liquidity
Cyberattacks on the healthcare industry are impacting up to $100M a day in cash flow. The most recent attack on Change Healthcare, a critical player in healthcare financial systems, was forced to take its systems offline due to the cyberattack. As a result, providers faced delays in processing claims for payment, which significantly impacted cash flows. This also puts CFOs in an untenable position and their companies at risk of liquidity shortages, missed payments, overdrafts, and an over-reliance on costly short-term debt to fill liquidity gaps. However, a Treasury Management System (TMS) can help you prepare and navigate such external disruptions.
GTreasury’s Treasury Management platform, the most comprehensive in the industry, automates connectivity with critical operational data from banks and ERPs to gain a comprehensive view of your cash, payments, debt, derivatives, investments, and exposures. This visibility enables CFOs to forecast and scenario plan for operational disruptions and confidently navigate them when they occur.
What healthcare CFOs gain from adopting GTreasury:
- Centralized, full cash visibility from banks and ERPs using GTreasury’s ClearConnect connectivity suite.
- Immediately compile current cash positions and payment flows to forecast and act on current and “what-if scenarios.”
- The most comprehensive, all-in-one Treasury Management platform on the market; spanning cash, payments, netting, exposures, debt, investments, derivatives, audit, hedge accounting and reporting.
- Over 30 years of experience serving hundreds of clients’ mission-critical financial and operational needs.
Whether you are currently dealing with operational impacts due to recent cyber-attacks or want to better prepare yourself for future resilience, GTreasury’s team is here to help you confidently navigate an uncertain future.