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Corporate treasury: what do you do? What is your mission?

Results from Citi's Treasury Diagnostics™ Benchmarking Survey show the continuing evolution of the corporate treasury into an internal advisor to the business, contributing to corporate strategic planning. Citi have identified three key trends that reflect the growth in scope and influence of corporate treasury:

  1. increasing visibility and control over cash balances, funding and risk management
  2. increasing adoption of centralization structures
  3. increasing involvement in working capital management.

Based on these findings, Citi believe there are nine top priorities for corporate treasurers in 2013:

  1. establishing an optimal treasury structure for emerging markets
  2. funding working capital optimally
  3. mobilizing cash reserves to gain competitive advantage
  4. evaluating the organizational impact of regulatory changes
  5. preparing for SEPA migration
  6. leveraging reforms in China and India
  7. gearing up for converging bank standards
  8. leveraging advanced treasury analytical tools
  9. transitioning to an in-house bank model.

Bankers love telling corporates what the trends are and what should be their priorities, but how do corporates describe their job and their mission. Here are some examples:

The role of corporate treasury is no longer just managing cash, it is much wider incorporating many other activities including risk management, corporate finance and financial control. The common theme in these mission statements is the drive to support and help enhance the business at all levels, that is what corporate treasury is really about.

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Control & Compliance in Operations