Corporate treasurers are set to undergo significant transformations in their roles as global volatility pushes companies to seek new growth avenues, according to the EY 2025 DNA of the Treasurer report. The survey, which included over 1,200 treasurers and senior finance leaders worldwide, highlights that 89% of Singapore treasurers expect their roles to evolve dramatically by 2030, with a focus on value creation and business growth.
The report reveals that treasurers are increasingly adopting technology, with 82% of Singapore respondents using artificial intelligence (AI) for financial forecasting and cash management. However, many treasurers face obstacles such as operational responsibilities and limited time for skill enhancement, hindering their potential to create value.
Lee Wei Hock, Singapore Head of Assurance at Ernst & Young LLP, noted, “As Singapore is an international hub for many global organisations, corporate treasurers here tend to have a greater geographical remit compared to their global peers.” This underscores the need for treasurers to continuously reinvent their roles amidst a fast-changing business landscape.
Despite challenges, treasurers are leading in technology adoption, with 82% using data analytics and visualisation tools. Yet, only 42% of Singapore treasurers feel confident that their financial risk management strategies are enhancing decision-making. The report suggests that treasurers should focus on leveraging technology and nurturing talent to fulfil their potential as value creators.
As the role of treasurers evolves, CFOs are encouraged to empower them as strategic partners in the finance function, enabling them to drive innovation and unlock greater organisational value.
