This episode features an interview with Wolfgang Koester, Chief Evangelist at Kyriba.

Wolfgang has spent more than 30 years in currency markets, with experience working for Fortune 1,000 companies and government entities.  He is the former CEO and co-founder of FiREapps, and was named one of the “100 Most Influential People in Finance” by Treasury & Risk Magazine.

On this episode, Wolfgang discusses the importance of knowing your exposures, defining risk, and the possibility of a global electronic currency.

Quotes

“Companies need to embrace actually digitalizing the financial part of their corporation, or they will fall behind.  You need to be digitally ready.  And if you're not, you're going to be more expensive and slower paying than your competitors.  And therefore you will actually have serious competitive negative impact.  Due to not having digitalized your financial systems.”

“Every business is in the business of taking calculated risks.  Some pay off, some don't.  But they need to be calculated.  And calculated by definition means you need to know what the risk is to make a decision of whether you take that risk or not.”

“We say let the data tell you the story.  And we obsess on helping companies get at all that data, clean that data, and give them full visibility towards exposures.”

Sponsor

The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com

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