Change in Treasury Management: permanent or temporary?

What changes in Treasury Management have been permanent versus temporary? Permjit Singh Treasury Consultant finds out

US based Treasury Management consulting firm, Treasury Strategies (a division of Novantas Inc) has released its "Annual State of the Profession" Treasury Management survey.  It makes for interesting reading of the latest thinking of many corporate treasurers, in particular what changes in Treasury Management were permanent and what were temporary?

Covid 19 triggered permanent changes in how treasury departments work, i.e., remote staff and the technology to support that were permanent features of change in some corporate treasury departments, but for others (that transitioned back to office work) these changes were temporary.

Another permanent change was eliminating paper, automating treasury processes, and (a perennial task in a treasury) cash forecasting.

The dramatic increase in liquidity funding was a temporary response to Covid for treasury teams.

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