Reply To: Building a business case for Treasury Tech

    BasRebel
    Participant
    I would argue that one shoots him/herself in the foot if you start on a treasury technology project WITHOUT a business case done first.

    Building the business case is sothing like creating a project initiation document and defines objective, scope effort/cost, benefit and assumptions. The business case will proof itself very useful along the journey of implementation, amongst others for these reasons:

    • It creates (upfront) buy in from stakeholders
    • It acts as a basic document for education and communication about the project
    • It acts as a reference point for other to feedback (e.g. regarding handshakes with other processes and projects and dependencies)
    • It established a framework / benchmark for KPIs to measure success
    • It acts as a reference point in case material changes occur
    • It may help explain underperformance if certain conditions have not been met

    I believe a business case is a very useful document as it can be the north star of a project.

     

    Listen also to the discussion I had recently on this with Andreas Gefnider as part of the TIS Payments Hub Podcast.