What opportunities exist for the corporate treasurer to add value? 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 are the opportunities for Treasury Management?
With low interest rates and the threat of them rising, now is the time for treasurers to raise debt according to the survey.
The time is also ripe for using technology to improve treasury processes such as payments, data-driven decision-making, and automation, and eliminate paper.
Perennial treasury management tasks are also seen as current opportunities but they're not the main ones: liquidity, staffing, banking, cash conversion cycle, forecasting, and alternative (non-bank) payment methods.
Treasurers need to be alert to opportunities and take them when they arise. The survey shows there is much to improve current treasury management practices and opportunities exist for the corporate treasurer to add further value to the financial management of their company.
To discuss Cash or Treasury management for your company, including interim Treasury management, funding, and financial risk management, contact me for a free, confidential chat without obligation.