oa South African Journal of Information Management - Emerging role of corporate treasury management in cyber space
'Internet' and 'e-business' are words that have become part of today's business world. Invariably we hear of the effect thereof on the way we used to do things, owing to the shift in paradigm from command and control to a more open globalized, multi-polar world. Traditional ways of doing business are becoming redundant, as they are not able to cater for the needs of a business in cyberspace. To benefit from the many new developments that allow more efficient marketing, improved productivity, lower costs and better service, a rethink or re-engineering of the enterprise in many respects will be necessary. This will affect all sectors in the economy. The question is how corporate treasuries in South Africa must change to take advantage of the e-business environment. Research confirms many benefits brought about by these changes, which imply a new approach to treasury management and a new and changed position for the corporate treasury department.
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