Future-proof

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Revision as of 12:57, 3 August 2018 by imported>Doug Williamson (Create page. Sources: The Treasurer, Aug 2018, p13 & linked pages.)
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1. Adjective.

Relatively unlikely to become obsolete in the near future.


2. Verb.

To select or adapt systems appropriately to minimise the risk of obsolescence.


Think ahead

"In such an era of flux, organisations need assurances on efficiency, competitiveness, scalability and future-proofing for investment decisions.
The modern treasury function is expected to be more strategic, to collaborate with the business it serves, and to be comfortable with the use of centres of excellence to support global operations, including the use of in-house banks (IHB) and shared services centres.
However, they are often burdened with poor processes and outdated technology."
The Treasurer's Handbook, Approaching technology decisions in the treasury function.



See also