Essence of corporate treasury: it takes two to tango

PwC’s 2019 Global Treasury Benchmarking Survey, see, contained several important insights into what is corporate treasury is all about:

Treasury’s mandate is to “optimise financial assets and liabilities, drive cash flow improvements, process cash transactions, and manage financial risk is on the precipice of profound change”
the Treasury function’s role is to be a strategic advisor to the broader organisation, and is now focused on value-adding activities outside the traditional mandate like working capital management and M&A support
corporate treasury needs a digital treasury ecosystem “where the CFO or treasurer makes real-time financial decisions utilising interfaces and customisable technology”
three attributes most sought after in treasurers and their teams today, beyond functional treasury expertise, are:
- strategic thinking: reflecting a shift from financial management to providing strategic guidance
- business partnering capabilities: highlighting the need to capitalise on cross-functional relationships
- technological affinity: affirming Treasury’s role in guiding the organisation into a digital future
treasury is moving to a workforce of the future, defined by its ability to drive transformation, minimise manual efforts, and maximise business insight
treasury teams are evolving in mindset and capability to become a combination of man and machine.

CTMfile take: Clear insight is never obvious. This study is essential reading for all corporate treasury departments.

This item appears in the following sections:: Best Practices & Benchmarking; Control & Compliance in Operations; Operational Risk Management; Tips

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